Management Guru Ricardo Semler who introduced terms such as “corporate re-engineering” and “industrial democracy”, has spoken out about how the concept of management is one fading. This is not yet a view advocated by mainstream management. Indeed, the global workforce of three-and-a-half billion employees are unlikely to be productive in a management-free world. However, what is certain is that changes are afoot, and required more so now due to the VUCA element of modern business.VUCA stands for Volatile, Uncertain, Complex and Ambiguous. A clear example of this may be cited through Netflix. While the company was a startup, it had a good mix of people from diverse backgrounds. But as it kept getting bigger, talent recruitment got more challenging and complex, so the people tended to be taken in from highly predictable backgrounds. Eventually, the people themselves rectified it, as only the good ones from across diversity pools could stay on or be added. The mindset of the people is now shifting away from profits to purpose. Hierarchies are giving way to networks, with empowering now being used over controlling. Planning has moved on to experimentation while privacy has been replaced by transparency.

Source:https://www.weforum.org/agenda/2017/12/is-management-era-over

Uploaded Date:07 June 2018