Question

Owing to globalization and rapid technological change over the past few decades, the major contemporary issues
in management lies in the need for efficient managers. More and more organizations today face a dynamic and
changing environment. This, in turn, makes these organizations either to change or perish. There are five (5)
specific forces that are acting as stimulants for change, state and explain them with relevant examples

Answer 1

Answer:

• A system of innovation partnerships. Governments will give oversight and vital bearing. The effect on creating nations will be colossal.  

• With the assistance of new advances, Third World nations can change their crude materials and vitality into esteem included items and in this way quicken monetary improvement without useless impacts. It is the duty of created nations, Colombo finishes up, to see this occurs.  

• Despite the fact that attractive, the coalitions proposed by Colombo are not handily settled.  

• As Gerald Dinneen brings up in his paper on patterns in worldwide mechanical participation, universal plans, regardless of whether they be global advertising associations, joint endeavors, or making of auxiliaries, are fundamental if businesses are to get an appropriate rate of profitability and stay serious.

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Answer 2

Answer:

Efficient Management

Explanation:

Efficiency in management means performing activities with the minimum wastage of resources which also refers to optimum utilization of resources so that the organisation can maximize the profit.

The main features of Efficient Management are as under :-

1) An effective manager understands the value of employees.

2)You express gratitude.

3)You communicate clearly.

4)You listen effectively.

5)You make decisions.

6)You trust your employees to achieve.

7)You resolve conflicts.

8) You get to know your employees.