Dr. Horatio Morgan
We will try to apply management principles to global business.
What is special about global business?
Global business landscape: “competition will be fiercer in five years’ time”
“Revisit your business model – regularly
“Be nimble, be quick” Innovation happening at a rapid pace. Have to be innovative.
Know your customers very well and anticipate their demands. Have to be one step ahead and
anticipate the next customers demand before your competitor does.
Do what you do best.
Organizations getting ahead in the business landscape by
Flexibility and speed: IT is definitely important, but enough.
Talented workers are needed to drive innovative and support change
Getting the most out of employees
Companies are now paying closer attention to talent (human capital) management
Recruiting and retaining employees
Developing employees in accordance with business strategies.
Recognizing, rewarding and engaging employees. Have to appreciating work, effort be nice to
Succession management to orderly replace retiring managers
Challenges Managers Face Today
A widely diverse workplace has benefits, but may also account for many of the challenges that
managers face today
Age difference alone can be a major challenge
o How do managers integrate Generation Y workers (18 to 24 yrs old) in a workplace
dominated by baby boomers who are approaching retirement?
The Spotlight is on Managers…
Mangers are ex