Contemporary Management

Paper Summary:

This paper discusses how contemporary management is a complex discipline which encompasses an incredibly wide range of skill and knowledge sets. It looks at how tools have been developed to assist managers in these tasks but ultimately the manager must differentiate him or herself with skill and acumen. It contends that the components of contemporary management are so varied that mastery of each one requires a tremendous amount of hard work and discipline and that there is little in common between managing a diverse team and drafting a broad strategy for international expansion.

From the Paper:

"Managers can be tempted to focus on the immediate problem at hand, but the most effective managers view problems differently. They treat problems not just as challenges but also as opportunities to make changes in strategic direction for the long-term good of the organization. A manager faced with a problem needs to approach the issue almost as a doctor would, by not taking the symptoms at face value but by taking the symptom as another piece of information to be analyzed before the problem is identified. This basic approach allows the manager not just to solve the immediate problem but to devise a holistic solution that moves the organization forward."

Sample of Sources Used:

• Goleman, Daniel (1998) What Makes a Leader? Harvard Business Review. January 2004 pp 1-11.
• Subedi, Deepak & Maheshwari, Suneel. (2007) Impact of Total Quality Management on Profitability and Efficiency of Baldwin Award Winners. Delhi Business Review Vol 8, No. 1 pp55-62
• Porter, M.E. (1980) Competitive Strategy The Free Press, New York.

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• Term Paper # 150215 : "Classical and Contemporary Management"
• Research Paper # 50059 : "Contemporary Management"

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