Thakkar Paradigm Shift in Management Philosophy

Future Challenges in Global Organizations
1. Auflage 2019
ISBN: 978-3-030-29710-7
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 248 Seiten

Reihe: Progress in Mathematics

Rapidly growing technology and globalization have put tremendous pressure on management teams. Technological developments with far reaching implications on social, economic, political, and environmental ecosystems cannot be underemphasized. Currently, organizations are trying to be more inclusive and aware of diversity, rapid technology growth, and globalization along with remotely operating businesses for profit motivation. The delegative and individual employee-based management styles of the past have become obsolete. With globalization, virtual offices, and rapid technology growth, management challenges have become an expensive force to reckon with. In this book, the authors address the recent trends in management in global environments. The authors explore issues such as managing virtual teams, gender and management, e-commerce, biased financing, quantum computing, and disruption in the financial services industry. The book will serve as a valuable resource to researchers interested in the future management challenges facing global organizations.


Bharat Thakkar, Ph.D., is CEO of PREM Group, Inc, a consulting firm in Wheaton, Illinois, USA, and an adjunct professor at the Illinois Institute of Technology, Chicago, Illinois, USA. He has expertise in design of systems packaging, reliability management, and heavy machinery design using reliability principles.

Autoren/Hrsg.

Thakkar, Bharat S.

Inhaltsverzeichnis

1;Foreword;6
2;Preface;10
3;Acknowledgment;15
4;Contents;17
5;Notes on Contributors;19
6;List of Figures;27
7;List of Tables;28
8;Chapter 1: From Small Is Beautiful to The Fortune at the Bottom of the Pyramid: Management “As If People Mattered”;30
8.1;Introduction;30
8.2;The Background;31
8.3;The Problem: Greed and Human Needs;31
8.4;Poverty and Inequality in the PRC;31
8.5;The Case of India;34
8.5.1;The Notion of “Big Is Better”;34
8.6;The Grameen Bank: Management “As If People Mattered”;36
8.7;The Fortune at the Bottom of the Pyramid;37
8.8;Conclusion;39
8.9;References;40
9;Chapter 2: A Paradigm Shift in Management Philosophy: Future Challenges in Global Organizations;41
9.1;Introduction;41
9.2;The Virtual Manager;43
9.3;Hybrid Management in a Global Marketplace; Paradigm Shift in Management Philosophy;44
9.4;Situational Bias and Blindness;46
9.5;Understanding Cultural Differences;47
9.6;Communication Considerations;50
9.7;A Clash of Cultures;51
9.8;Gender Issues;54
9.9;Managing Multiple Cultures in a Virtual Hybrid Organization;55
9.10;Developing an Effective Management Style;57
9.11;Driving Out Fear from the Workplace;58
9.12;A Way Forward for Prospective Virtual Managers;59
9.13;References;61
10;Chapter 3: Twenty-First-Century Global Human Resource Management: Strategic Business Partner and Servant Leader;65
10.1;Introduction;65
10.2;Strategic HR Management;67
10.2.1;Strategy;67
10.2.2;HRM Strategy;68
10.2.3;Surveys of HRM Strategic Focus;73
10.3;HRM Strategic Business Partner;79
10.4;Strategic HRM SBP as Servant Leader;83
10.4.1;Theory of Servant Leadership;83
10.4.2;Servant Leadership in Action;84
10.5;Transformation of Traditional HRM to Global Strategic Business Partner and Servant Leader;87
10.6;Conclusion;90
10.7;References;90
11;Chapter 4: Walmart’s Acquisition of Flipkart: A Paradigm Shift in Retail Management Strategy—Current and Future Implications for Various Stakeholders;92
11.1;Introduction;92
11.2;A Brief History of Flipkart: From Inception to Takeover by Walmart;93
11.3;Implications of the Acquisition;93
11.3.1;Walmart’s India Strategy;93
11.3.2;Implications for Flipkart;96
11.3.3;Effects on Flipkart Founders and Top Management Team;98
11.3.4;Implications for Flipkart Financiers;100
11.3.5;Implications for Amazon;102
11.4;Paradigm Shifts That Emerge from the Acquisition;103
11.4.1;Convergence of Online and Offline Retail Sector in India;104
11.4.2;Entrepreneurial Ecosystem and Culture in India;105
11.4.3;E-Commerce Governance in India;106
11.4.4;Internet-Based Business Models Beyond E-Commerce;108
11.5;The Final Thought;109
11.6;Issues for Further Discussion Based on the Likely Paradigm Shifts;109
11.7;References;111
12;Chapter 5: Biased Finance: Understanding Economic Growth;114
12.1;A Brief History of Money: Functionalism Versus Chartalism;115
12.2;What Is Biased Finance?;117
12.2.1;Goals and Objectives of Central Banks;117
12.3;Threats to Economic Stability;118
12.3.1;From Apartheid Monetary Policy to Reconstruction and Development?;118
12.4;The Democratization of Commerce and Technological Innovation;120
12.4.1;System D, the Black Market, and the Hustle Economy;121
12.5;The Role of the Central Bank in the Digital Economy;122
12.6;The Emerging Economy: What’s Next?;123
12.7;Recommendations;125
12.8;Conclusion;126
12.9;References;126
13;Chapter 6: Current and Future Global Challenges in Management and Leadership: Finance and Quantum Computing;129
13.1;Quantum Optimization: Personality Test and Emotional Intelligence Tests;137
13.2;Quantum Optimization: Employee Training;139
13.3;Quantum Optimization: Best Practices of Management Philosophy;140
13.4;Quantum Optimization: Operations;141
13.5;Quantum Optimization: How a Manager Navigates Macroeconomics;142
13.6;Quantum Optimization: Trust;147
13.7;Quantum Optimization: Big Data, Chat Bots, Cognitive Automation;148
13.8;Quantum Optimization: Process Improvement;149
13.9;Conclusion;151
13.10;References;154
14;Chapter 7: Women in Management: Disrupting the Prescribed Gender Norms;158
14.1;Introduction;158
14.2;Purpose;160
14.3;Conceptualizing the Need to Disrupt Gender Norms in Management;161
14.4;Literature Review;162
14.5;The Masculinity of Management Positions;167
14.6;Gender, Gender Norms, and the Disruption of Prescribed Gender Norms;168
14.7;Why Disrupting the Prescribed Gender Norms in Organizations Matters;169
14.8;Women in Management and the Future Challenges in Global Organizations;170
14.9;Operational Definitions;171
14.10;Strategic Recommendations;173
14.11;Summary and Conclusion;175
14.12;References;175
15;Chapter 8: Management Philosophy Toward an Ethical Worldview;179
15.1;Introduction;179
15.2;What Is Ethics?;180
15.3;Ethical Problems Which Should Lead to a Paradigm Shift in Management Philosophy;181
15.4;Ethics, Social Rules and Self-Interest;182
15.5;Historical Pathways of an Ethical Worldview;183
15.6;Principles of Accountability and Responsibility;187
15.7;Tools and Techniques to Monitor Ethical Behavior;188
15.8;Discussion of the Consequences of Ignoring Ethical Decision Making;190
15.9;Urgent Problems Facing Humanity;192
15.10;The Cascading Implications of Unethical Decisions;193
15.11;The Value of Ethical Leadership;195
15.12;Trust and Ethics;196
15.13;Conclusion;197
15.14;References;198
16;Chapter 9: Roles and Responsibilities of Future Managers;200
16.1;Introduction;200
16.2;Change in the Workplace;202
16.2.1;Corporate Lattice Model;202
16.2.2;Artificial Intelligence (AI);202
16.2.3;Machine Learning (ML);204
16.2.4;Human Cloud;204
16.3;Future Manager;205
16.4;Future Challenges;206
16.5;How to Face the Challenges;208
16.5.1;Psychodynamics;210
16.5.2;Strategic Posture;210
16.5.3;W.L. Gore & Associates Ltd.;211
16.5.4;Samsung;211
16.5.5;Google;212
16.5.6;General Electric;213
16.5.7;Whirlpool;214
16.6;Conclusion;215
16.7;References;217
17;Chapter 10: The Future of the Banking Industry and Management Impact;219
17.1;Introduction;219
17.2;FinTech Dominance;220
17.3;Blockchain Will Be New Disruption;222
17.4;The Results Are Astounding;224
17.5;Regulation Changes;225
17.6;Customer Activity: A New Revenue Stream;226
17.7;Customer-Centric Service Model;230
17.8;Conclusion;232
17.9;References;232
18;Index;234