21st Century Management

Management Practice gives you wisdom through intuitive  judgmental perception by chance  inconsistent personal experiences  passed-down knowledge vernacular emotional engagement

Management give you benefits through methodology precise systematic consistent based on data validated through peer review  precise terminology detached relationship to object of analysis

Original Research and Theory Generic explanations Reflective knowledge Descriptive  Aimed at high empirical validity  Underpinning academic management studies

Applied Research and Theory Practical recommendations  Shaping knowledge Normative Aimed at practical viability and efficacy  Underpinning practitioner training 

Role of Executive Managers 20th century  close to company and stay longer contracts do not restrict working hours, offer overtime or special protection role to balance interests of stakeholders 21st century more likely to be made redundant than other employees tenure with one company has declined Compensation via shares Role to satisfy shareholders over stakeholders

Managers vs ProfessionalsProfessional Work focus on content and results of work work often chosen for intellectual stimulation quick feedback possible work carried out alone or in small teams fairly independent Management Gradual results and achievement not always concrete outcomes control of small details not necessarily of interest to specialists embedded in complex set of relationships with superiors, peers and subordinates

Types of Management KnowledgeExplicit - formally expressed and codified Tacit - intuitive, informal, acquired through experience

Typical Management Fashions Change management models - BPR Production systems - JIT, TQM Organisation designs - matrix, lean management  Management concepts - excellence, corporate culture, innovation, creativity

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