Management is that field of human behaviour in which managers plan, organize, staff, direct, and control human and financial resources in an organized group effort in order to achieve desired individual and group objectives with optimum efficiency and effectiveness. In the past, management was not considered as an important part of development. With industrial revolution during 17th and 18th century, several economists expressed their ‘concepts and function of management’. Only in the 19th century, management became a separate field of study, because business organizations faced various problems regarding labour efficiency and the wage payment system. In search of a solution to these problems, people began to recognize management as a separate field of study. The business environment since a couple of decades has witnessed a radical change mainly due to rapid development in transportation and communication network, the innovation of new knowledge, globalization of business, a combination of multi-cultured professionals and so on. Therefore, managers must be able to adjust to the new emerging challenges.
However, the discussion of how managers achieve results is predominantly a Twenty-first-century phenomenon. The organization has to recognize the important role of management sector in order to successfully steer organizations towards profitability. It is necessary for the management to invest considerable time and amount, to learn the changing scenario of the 21st Century. In order to survive the competition and be in the race, management sector should consciously update itself with the transformation in HR, marketing, operational, etc, and be aware of the management issues cropping up. Managers have to manage all the challenges that they would face from present problems and then developing strategies for retaining them and building up an effective career management system for them.
Management issues and challenges in the 21st century look afresh at contemporary and the future of management thinking and practice. The challenges revolve around two fundamental issues that are occurring simultaneously; the changes in the world economy, and shifts in the practice of management. These developments it’s both in developing and the developed countries are crucial in exploring and understanding the challenges of the future. This consultation outcome shows how, in the last few years, the world has undergone massive social, economic and demographic change. Nowadays, executives must learn to react differently the policies, procedures and intellectual approaches of the past will not necessarily be viable.
About SV Colleges,Tirupati:
SV Colleges group was founded in 1981, based on the firm belief that education especially higher education provides a critical pathway to leadership development, economic progress, and social and political equality. Since its inception, the group has upheld a rigorous commitment to the curriculum and the programs that it offers.
Sri Venkateswara College of Engineering (SVCE), Tirupati, is accredited by NAAC with “A” grade and Three B.Tech Programmes CSE; ECE & EEE are accredited by NBA, New Delhi. SVCE is offering 6 UG courses and 7 PG courses in Engineering. College is recognized by the All India Council for Technical Education (AICTE), New Delhi and affiliated to Jawaharlal Nehru Technological University Anantapur (JNTUA), Anantaapuramu and recognized under sections 2(f) & 12(B) of UGC act 1956. The campus is equipped with state -of- the- art laboratories. All class rooms are equipped with LCD projectors and laptops for better Student-Teacher interaction, productivity and communication which make teaching and learning simpler and enjoyable. SV College of Engineering strive to provide the latest and the best collection of books, journals, online sources and dissertations to the students for course work and research through their R&D Department.
Author:
Dr. Nalla Bala Kalyan
Associate Professor, Department of Management Studies,
Sri Venkateswara College of Engineering
Tirupati, (AP), India
Dr. Nalla Bala Kalyan working as an Associate Professor in the Department of Management Studies at Sri Venkateswara College of Engineering, Tirupati. He has done his Doctorate from Sri Venkateswara University, Tirupati, Andhra Pradesh, in the year 2014”. He has 11 years of experience in research and teaching. He is the author of more than 60 research papers published in various national & international journals with high Impact Factor and citations. He has attended more than 40 National and International conferences/seminars and presented papers that appeared in the proceedings published with ISBN and he has Authored & Edited 13 books. He is the Editorial/Advisory/Reviewer Board Member of more than 40 National & International Journals. He has organized many programs (DST-NIMAT Projects, Govt. of India) for imparting entrepreneurship skills among students and faculty. He has received more than 10 awards [Most Promising Educators in Higher Education across India for the Year 2019 – ULeKtZ Wall of Fame,Mewadev Laurel Award-Contemporary Literary Society,Excellence Teaching in Higher Education award for the year 2019-(SMCRAC) Saint Martin’s Centre for Research & Accreditation Commission,Melbourne, Australia] from National and International organizations.
