Question

Discuss the trends and challenges of management in global scenario.

Answer 1

The management functions are planning and decision making, organizing. leading, and controlling — are just as relevant to international managers as to domestic managers. International managers need to have a clear view of where they want their firm to be in the future; they have to organize to implement their plans: they have to motivate those who work lot them; and they have to develop appropriate control mechanisms.

 

a) Planning and Decision Making in a Global Scenario

 

To effectively plan and make decisions in a global economy, managers must have a broad-based understanding of both environmental issues and competitive issues. They need to understand local market conditions and technological factor that will affect their operations. At the corporate level, executives need a great deal of information to function effectively. 

Answer 2

Answer:

Hey there,

Management is critical ingredient of a society's growth. The reason behind this concept is that it is easy to procure raw materials and resources for a society. But what is hard is to maintain it. Managing a society's resources are the main task which if done correctly keeps the nations on the right path of success and prosperity .

International challenges must be dealt with harmony and intelligence.

Managing social etiquette is what keeps a society going in a global scenario.

I hope the answer is helpful.

Thanks for asking