Critical management trends of the 21st century

The Key Business Management Themes in the Twenty-first Century

The article discusses the key business management themes of the twenty-first century in light of the growing importance of emerging markets. The piece was written by Linda A.Hill. The article explains how businesses are now really considering how important it is to be global. The majority of businesses have yet to choose how they will effectively bind the many gifts within their nations. As a result, the demographics in emerging economies suggest that businesses should seek out and support young people who are eager to rewrite the psychological contract between themselves and their companies. The business researchers have the much intellectual capital to advance to assist organizations to discourse the challenges and opportunities linked to globalization (Linda, 2011).

Developing Leadership and Meritocracies

The article balances different points of views such as ways of developing leadership with the demanding stakeholders and methods of building meritocracies that gifted individuals will demand if corporations need to maintain and engage them. The article uses evidence of existing information’s as it uses direct quotes from a leader such as Nelson Mandela in which he said that a leader is like a shepherd who stays behind the flock letting most nimble go ahead. The article also presents mini-cases by using a company like IBM where she argued that the CEO of IBM pursued what is known as the values-based relationship to be able to fit in the global economy.

The Changing Leadership Task

The article has a general view in which it does not represent any industries, and the material has no counterexamples. The evidence presented is sufficient enough to support her argument as it uses competent leaders like Nelson Mandela. I have learned that the leadership task is changing. It will be more on shaping the context that society of practice capacity to innovate is nurtured and supported to react to the exciting opportunities that will emerge in the coming decades. I did not know that most of the corporations are desperate to be global and focus on the young generation talents to be competitive in the global markets.

Work Cited

Linda A.Hill. The most critical management trends of the 21st century. Research and ideas, 2011. HBS Business Research for Business Leaders. Retrieved from: https://hbswk.hbs.edu/item/the-most-important-management-trends-of-the-still-young twenty-first-century