Answer to Question #224837 in Management for Chacks

Question

Taken the varicity of operating industries indicated in the modern environment above, provide a consise theoretical explanation of the kinds of managers required, including the role they would play and the skills needed to ensure sustainability at a various organisational sectors and areas?

Answer 1

Given the modernized working environment in these industries, it is vital to have an operating and functional managerial system for each segment to provide satisfying outcomes and operational performance. It is necessary to have a system management approach where the top, middle, first, and team leaders have specified roles to provide an alternative form to organizational management because most areas are composed of interdependent systems. Based on system management theory, businesses are like the human body consisting of several components working together to achieve optimal functionality. Therefore, these managers should have good leadership skills, cultural intelligence, and transformational skills to coordinate interdependence and interrelationships between different systems and to encourage smooth transformation to modernity. Human resources management is another critical sector in modern industries; therefore, Knowledge management is necessary because employees are the most crucial element in this environment. Knowledge managers must be experienced, competent, and have modern skills for knowledge management, encourage collaboration, and stimulate innovation in the modern business environment.