The Challenges of today’s organization

Organizations are facing different challenges in today’s environment like:

Technology
Only 20 years ago, few workers used fax machines or e-mail, and computers occupied entire rooms, not desktops. Advances in information and communication technology have permanently altered the workplace by changing the way information is created, stored, used, and shared.

Diverse Workforce
A diverse workforce refers to two or more groups, each of whose members are identifiable and distinguishable based on demographic or other characteristics like gender, age group, education etc. Several barriers in dealing with diversity include stereotyping, prejudice, ethnocentrism, discrimination, tokenism, and gender-role stereotypes.

Multiple Stakeholders
Stakeholders are those who have interests in the organization. Multiple stakeholders for an organization include the customers, suppliers, consumers, investors, lenders, etc.


Responsiveness
An organization has to be responsive to the challenges and threats that it faces from within the internal or
external environment. It requires quick responsiveness to meet the challenges and opportunities arising out of
these changes.

Rapid Changes
Due to changing internal and external environment, rapid changes in the organization occur. Organization has
to be flexible to adjust to those changes.


Globalization
Managers are faced with a myriad of challenges due to an array of environmental factors when doing business abroad. These managers must effectively plan, organize, lead, control, and manage cultural differences to be successful globally.