Principles of Management Learning Session # 13 Dr. A. Rashid Kausar

Re-cap of Session # 12

Organisational Social Responsibility ‘The obligation of an organisation to seek actions protecting and improving society’s welfare along with its own interests.’

Ethical Guidelines for Managers 1.Obey the law. 2.Tell the truth. 3.Show respect for people.

Ethical Guidelines for Managers 5.Above all, do no harm. 6.Participation not paternalism. 7.Responsibility requires action.

21st Century Trends And Issues Entrepreneurship Three important themes: 1.Pursuit of opportunities Capitalizing on environmental change to create value.

21st Century Trends And Issues Entrepreneurship 2.Innovation –Introducing new approaches to satisfy unfulfilled market needs. 3.Growth - Not content, to remain small

21st Century Trends And Issues Managing in an E-Business World E-Business - The way an organization does its work by using (Internet-based) e-linkages with key stakeholders.

21st Century Trends And Issues Managing in an E-Business World May include e-commerce i.e. any form of business exchange or transaction in which parties interact electronically.

21st Century Trends And Issues Intranet - an internal organizational communication system that uses Internet technology and is accessible only by organizational employees.

21st Century Trends And Issues Workplace Spirituality A recognition of an inner life. Growing interest in spirituality at all levels and in all areas of organizations …. Because employees are looking for meaning, purpose, and a sense of feeling of community from their work and their workplace.

21st Century Trends And Issues Globalization: All organizations are faced with the opportunities and challenges of operating in a global market, no longer constrained by national borders.