Managing a company 10 or 20 years ago is very different from what happens today and what it may be like in the future. This is due to several reasons, including globalization, market competitiveness, the need to differentiate offerings, changes in consumer and employee profiles, and so on. All of this requires management challenges , and therefore it is necessary to be vigilant in order to have efficient and admired leadership.
Competitive intelligence and new technologies
Keeping up to date with what is happening in your market, with your competitors and in the country/world as a whole is an important step. Therefore, implementing techniques, software and tools that venezuela whatsapp data provide executives with information on market trends, interest rate projections for the coming years or data on the competition is a valuable measure. The manager needs to be equipped to lead a team, a meeting or a negotiation.
Network management
Another important point is to evaluate your current management model. The famous top-down approach, where those at the top give orders and those below obey, no longer works these days.
Network or relationship management refers to the hierarchy and processes of networks of customers, suppliers, stakeholders, etc. Considering that, while these audiences can compete, they also cooperate with each other.
For example, some competing companies may join forces to develop a new technology that will affect several players. This should be done by companies separate from the investors, but with shared costs. Alelo, a Brazilian company that provides benefit cards for companies of all sizes and prepaid cards for consumers throughout the country, is an example of this.
The manager of the future must be aware of these market movements and evaluate what can be done to project his company.
Generation conflicts
One of the management challenges for leaders is the ability to deal with generational conflict. Managers must encourage their teams to achieve results. To do this, they must set an example. They must be the first person to demonstrate their involvement with the project and their desire to achieve results.
It is your role to be inspiring. One way to see if management is being efficient is to analyze whether employees are mirroring their leader. This is a fundamental indicator for successful management.
A study conducted by American professor Wayne Hochwarter, from Florida State University College of Business , highlighted the main challenges of leadership, such as the points that, from the employees' point of view, define a bad boss:
– 41% detest bosses who have the habit of pushing work on others instead of doing it themselves;
– 39% consider bosses who don’t keep their promises to be terrible;
– 37% disregard leaders who don’t give credit for the work done by someone on the team (taking credit for themselves);
– 31% don’t value managers who exaggerate when talking about their achievements;