Managing for the future Essay Example | Topics and Well Written Essays - 5000 words - 1

Managing for the future - Essay Example The implications of the past decades have brought about a greater change within the organisational context. The emergence of latest trends and methodologies such as globalisation, technological advancement and outsourcing frame the vital constituents of the modern business scenario. As compared to the traditional organisational scenarios, present picture reveals flatten organisation systems. This has facilitated the path of a new management style, which depicts flexibility and efficiency. With regard to present day context, the organisations are becoming more customer-oriented. Management decisions along with new policies and strategies usually are formulated with the aim of propagating customer satisfaction. The present rapidly changing business environment has created immense pressure over the modern management to continually develop and grow their competencies to achieve sustainability within the competitive global scenario (Manninen & Viitala, 2007). Management competencies and r elative knowledge are vital sources of competitive advantage. ... Managing for the future bestows significant consideration for an organisation on these determinants in order to ensure that it is able to address the varying needs successfully. This study primarily intends to discuss the implementation of management competencies of Ford Motor Company in the fields of globalisation, environmental issues and corporate social responsibility especially with regard to the future decade context based on an evaluation of the past 7-10 years performance. This study will further assist in building a plan considering the aforementioned fields in compliance with the management competencies for the period of ensuring 7-10 years to 2018-2020.As it has been a determined fact that management competencies need to evolve in accordance with the changing times thus an organisation such as Ford Motors also needs to remain flexible to remain abreast with the competitive landscape. In terms of one of the observed key determinants i.e. globalisation, it has given a way to many new challenges pertaining to the modern day organisations. Globalisation has facilitated to undertake trade and commerce with a host of consumers on a much larger scale. This interrelated relationship has enabled the modern day management to gain various updated knowledge about latest approaches being practiced in international level associated with management decisions. Corporate Social Responsibility (CSR) is the concept that essentially reveals the policies concerning social responsibilities that are required to be addressed by a modern day organisation. CSR depicts the relationship between the organisation and the local society of its establishment.