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Basic features of Business and management
(DHGE) Dynamic and Complex, Human Centric, Goal oriented, Ethical and Social responsibility
(Basic Features of Business and Management) Managers must be adaptable and able to navigate complexity
Dynamic and Complex
(Basic features of business and management) Managers should understand human behavior
Human-Centric
(Basic features of business and management) Managers are resposible for setting goals
Goal-Oriented
(Basic features of business and management) Managers must integrate ethical principles into their decision making
Ethical and social responsibilty
4 Key business Challenges
(T G C E) Technological disruption, Globalization and competition, Changing consumer preference, Economic uncertainty
(Key business challenges) Rapid technological advancements e.g managers should embrace online platforms and digital marketing
Technological Disruption
(Key business challenges) Businesses operate in a globalized marketplace
Globalization and Competition
(Key business challenges) Consumer preference are constantly evolving
Changing consumer preference
(Key business challenges) Economic downturns, inflations
Economic uncertainty
4 Challenges facing today's managers
(LMAB) Leading remote teams, Managing diversity and inclusion, Adapting to rapid change, Building trust and transparency
(challenges facing today's managers) The rise of remote work presents challenges for managers
Leading remote teams
(Challenges facing today's managers) Creating a diverse and inclusive workplace
Managing diversity and inclusion
(Challenges facing today's managers) The pace of change in the business world is accelerating
Adapting to rapid change
(Challenges facing today's managers) Trust and transparency are essential
Building trust and transparency
