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The Link Between OB and the Study of Business Administration. The Link between ...
international markets. The foundational component of OB is people. In ...
OB Trends. Organizational Behavior Trends Introduction Ethics, defined as
the study of right and wrong, is an important domain that ...
ob. Devon is considered a traditional manager because of the ways he handles
situations. He likes to motivate employees by setting ...
Ob. 14. ERP & MIS The objective of the course is to provide the basic concepts of
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OB. Define the problem Plax entering the market in 1998 has seen a significant
attainment in market share in which the competition lead by P&G, Scope, has 32%. ...
Submitted by mechpower on October 14, 2007
Category: Miscellaneous
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'Welcome to the new [knowledge] economy - a world where the rate of change is so fast that it is only a blur? Where the clear lines between seller and buyer, service from product, employee from entrepreneur are rapidly disappearing. You are entering a world where change is a constant and it may be argued that knowledge and imagination are more valuable than physical capital.'
— S. Davis and C. Meyer, Blur: The Speed of Change in the Connected Economy (Reading, MA: Addison-Wesley, 1998)
Davis and Meyer clearly depict the new reality for the information age —- future prosperity will be based on intellectual capital, the information in people's minds, rather than physical capital or the material resources within a country. Underpinning the growth of the new knowledge-based economies will be the accelerated globalisation of the marketplace, a geometric growth in communication technologies and related connectivity, and the rapidly increasing speed of scientific and technological advances.
One thing is certain: such tectonic changes will and do place enormous pressures on all managers striving to be effective in the new workplace environment. However, while the challenges are vast, the environment is exciting. Firstly, global competition is now the new economic reality, which translates into a cultural revolution in management. It can now be said that business is international business. To be effective within the global marketplace, managers must understand the importance of cross-cultural managerial practices and respond effectively to the demands of culturally diverse workforces. Given these imperatives, the most effective managers of this decade and beyond will be those who successfully adapt within the cultural context in which they manage. The management of people in diverse workforces and in different countries is an important theme in this book, because the business world is now experiencing an important shift from...
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