Today’s business world is driven by technology. This technology has not only helped organizations become more efficient and effective, but it has also added two new challenges to the business arena. The first is the rapid speed in which industries change, thanks to technology. The second is the introduction of a truly global economy. This paper covers how these factors affect the four functions of management for IBM Corporation.
Inhaltsverzeichnis (Table of Contents)
- Introduction:
- Four Functions of Management:
- How Rapid Change and Globalization has Affected Planning for IBM Managers:
- How Rapid Change and Globalization has Affected Organizing for IBM Managers:
- How Rapid Change and Globalization has Affected Leading for IBM Managers:
- How Rapid Change and Globalization has Affected Controlling for IBM Managers:
- Conclusion:
- References.
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper examines how rapid technological change and globalization have influenced the four functions of management at IBM Corporation. It delves into the challenges these factors pose to planning, organizing, leading, and controlling within the company.
- The impact of technology on the rapid pace of change in industries.
- The rise of a global economy and its implications for business competition.
- The adaptation required by management in response to these factors.
- The four functions of management and how they are affected by rapid change and globalization.
- Specific examples of how IBM managers are adapting to these challenges.
Zusammenfassung der Kapitel (Chapter Summaries)
The paper begins by introducing the key factors driving change in the modern business world: technology and globalization. The author then defines the four fundamental functions of management: planning, organizing, leading, and controlling.
The paper explores how these functions are impacted by rapid change and globalization, specifically focusing on the challenges faced by IBM managers. The analysis discusses the need for faster planning, the importance of adaptability in organizing, the adjustments required in leadership styles, and the challenges of controlling in a rapidly changing environment.
Schlüsselwörter (Keywords)
Rapid change, globalization, technology, management, planning, organizing, leading, controlling, IBM Corporation, business environment, competitive advantage.
Frequently Asked Questions
How has technology changed the business environment for IBM?
Technology has drastically increased the speed of industry changes, forcing organizations like IBM to become more efficient and adaptable in their management functions.
What are the four functions of management mentioned in the paper?
The four fundamental functions are planning, organizing, leading, and controlling. The paper analyzes how globalization and rapid change affect each of these at IBM.
How does globalization affect IBM's planning process?
Globalization requires IBM managers to plan for a truly global economy, considering international competition, diverse markets, and the need for faster decision-making cycles.
What challenges does rapid change pose to IBM's leadership?
In a rapidly changing tech world, leading involves managing constant transitions, fostering innovation, and maintaining employee motivation amidst frequent organizational shifts.
Why is "controlling" more difficult in a globalized economy?
Controlling becomes more complex due to geographically dispersed operations, varying international standards, and the need for real-time data to monitor performance across different time zones.
- Quote paper
- Kimberly Wylie (Author), 2003, IBM Corporation: Rapid Changes and Globalization , Munich, GRIN Verlag, https://www.grin.com/document/60763
