Contemporary Management Practice versus Traditional One

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Basically, Management is all about ‘getting things done’. However, it is in the way . the process of how one achieves ones target or goals and it is in this respect that management is considered an art and science as well. (Category editor Sakina Kadiwala. copyright data And much later, management scholar, Peter Drucker (1993) defined management as Supplying knowledge to find out how existing knowledge can best be applied to produce results is, in effect, what we mean by management. But knowledge is now also being applied systematically and purposefully to determine what new knowledge is needed, whether it is feasible, and what has to be done to make knowledge effective. It is being applied, in other words, to systematic innovation. (Drucker, 1993)
Contemporary management is a functional approach to planning, organizing, leading and controlling and focuses on the Manager as a Person with their own personalities, strength, weaknesses, opportunity, and problems. Likewise, workplace realities (e.g. diversity, ethics, and information technology are considered in contemporary management. ( Jones and George 2006 ). This is supported by Tara Duggan who asserted that Managers at each level of an organization are responsible for using resources effectively. Building skills in making decisions, monitoring information and supervising personnel are essential to achieving success. Challenges include managing a diverse workplace, maintaining a competitive edge, behaving ethically and using emerging techniques.