Future of Management

Future of Management Synopsis

In response to unparalleled challenges and opportunities, the scope of management is undergoing a profound transformation. Organisations must adapt and innovate in order to flourish in an era characterised by rapid technological advancements, climate change, shifting demographics, and evolving social norms. The three pillars of modern management- sustainability, diversity, and inclusivity-reflect a comprehensive approach that prioritises the well-being of people and the planet over short-term profits and reflects a commitment to social responsibility. In the current era of management, sustainability has emerged as a critical issue. Organisations must incorporate ethical considerations into their decision-making processes, reduce their carbon footprints, and implement eco-conscious practices as the effects of climate change become more severe. According to Paul Polman, the former CEO of Unilever, "Sustainability is not a charity; it is a business case."