The Future Of Business Management
All types of organizations in the past have taken huge strides towards more effective management and leadership. Business has evolved from tackling the simplest task to engineering complicated assembly lines. When a firm formulates its business plan, it is essential that the plan is flexible and adaptable to the changes and growth that is inevitable in the future. When the growth is controlled, it can lead to financial success, however when it is not controlled, it can lead to financial failure (www.sba.gov). The business plan must be used as a motivational tool to give employees in the organization goals and direction in order to keep the rate of growth running smoothly and keep the four functions of management, planning, leading, organizing and controlling in line with the goals of the organization. Businesses must determine what the future holds, and effectively develop the tasks and employees to complete those tasks (Dessler, 2001. Section 1). The future of business lies in automation. With the advance of the Internet and e-business, it is essential for all organizations to plan for the future of business in the technological world. Due to recent advances, no business could run efficiently without the help of a com
Quality standards and sales quotas will also be tracked more efficiently with the use of technology (Dessler, 2001, Sec. 1). Management, as well as employees can be kept abreast of new goals and incentives with the use of the Internet and inter-office communications. Web bulletin boards and online conferences could also keep the organization aware of the goals envisioned by the management (www.onlinewbc.gov). Technological advances allow businesses to run more smoothly and efficiently by keeping records safe and easily accessible. Technology is already present in the workplace, however it will be much more abundant and necessary in the near future. Disks holding scanned copies of documents will eventually replace the space needed for file cabinets. Work teams will be able to communicate more effectively due to the ease of inter-office communications and the quick availability of necessary information. In order to effectively prepare for the changes facing the firm, organizations must be aware of the definite strengths and weaknesses of both managers and leaders. Managers are very good at maintaining stability and order in the corporate structure, however they are not as good at instigating change and envisioning the future as leaders may be (www.onlinewbc.gov). The firm’s managers and leaders must join forces and try to learn effective skills from one another in order to forward the business into the future. p
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Approximate Word count = 966
Approximate Pages = 4 (250 words per page double spaced)
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