Management&

Environment

PlanIntroductionI. Evolution of the economyII. The new Economy III. Globalization IV. What do managers need to know ?V. What does society expect from organizations and managers ?VI. How an organization can act socially responsible ?VII. Six steps to becoming an ethical managerVIII.The workforce is changing the way we do businessConclusion

INTRODUCTION

How has the Economy changed ? 1980s- The U.S economy was growing and tax rates were low ;- Low inflation and low interest rates fueles consumer

spending ;- Individuals took risks by investing in the stock market,

buying homes and starting their own businesses. 2008- Gas prices hit +4$ per gallon ;- Adjustable mortgages adjusted upward with higher

monthly payments due, many consumers couldn’t keep up..

How is the new Economy affecting organisations ?

• ‘’Business as usual’’ is a concept of the past ;

• The new economy has changed the

management environment ;

• The changes will affect the management and

organizational experience.

What is Globalization ?• Free movement of goods,

services and people accross the world in a seamless manner.

• Globalization means to increase their base of operations, expand their workforce with minimal investments, and provide new services to a broad range of consumers.• The world today has become GLOBAL VILLAGE

Global Organization • Organizations are considered global, if they exchange goods and services with consumers in other countries.• As organizations have become more global, their workforce has become culturally different.

What do managers need to know ?•New challenges for managers.•Parochialism - A narrow focus in which managers see things only through their own eyes and from their own perspective• This view can’t succeed in a global village.

What does society expect from organizations and managers ?

•Managers reassess forms of packaging recyclability of products and environmental safety practices• Adopting inclusive capitalism in countries where more than 25% are under the below poverty line

How an organization can act socially responsible ?

Protection of the

environment

Creation of a democratic and

educated society

Education of employees

Six steps to becoming an ethical manager

Know-how

Take responsibility

Be honest

Be transparent

Challenge wrong-doing

Increase your knowledge of ethics at work

Become a role model

The workforce is changing the way we do business

The need for competent

workers

Where are the workers ?

What’s the answer ?

Choices are abundant

CONCLUSION