Challenges of modern management

Abstract

Modern management faces three important challenges: developing good working relations between business and government, making the best uses of advancing technology, and ensuring constructive social change. Because of government's increasing influence on business, it is essential that business and government function as partners. Business also must get across to government that social progress is possible only if the profit motive is encouraged. To do this, business must improve its working relations with government. Business must make maximum use of the great technological advances taking place in industry, but must also apply its technical knowledge and management skill to the solution of social problems. This requires more active participation in politics, greater attention to such matters as urban renewal, waste disposal, transportation and increased assistance to schools and colleges - both with money and ideas.