Managerial roles has changed last 5 years Essay

Managerial roles has miscellanyd last 5 years - Essay ExampleTechnology has become the driving cause in organizational change and development. In order to preserve an organizations existence or to sustain its profitable growth, management must direct and react to the changing world. Managerial roles evolved from traditional specific functions to a more cross-functional role and having cross- business enterprise knowledge with high expectations from stakeholders and better performance in the organization. Todays information age organizations operate in an integrated and complex business processes that goes beyond traditional functions like manufacturing, purchasing, distribution and marketing (Kaplan & Norton 2001, Chapter 1). Technology has combined the specialization benefits from these functional skills with the speed, ability and quality of an integrated business processes.Andrew S. Grove, CEO of Intel, attributes much of his success to a terminology he called strategical rh ythmic pattern points. These are moments when massive change occurs in the company, the industrial environment they compete in, and the market they play at. Strategic inflection points are results of different factors, may it be, mega-competition, entry of a better substitute, or a change in technology. (Grove 1996, p. 126) There exist unrelenting pressures to managers these days. These managerial pressures may include compelling needfully of organizations to become leaner, to be good citizens, and to grow profits at double-digit rates. Managers become navigators by means of these pressures and strategic inflection points that threaten their organization and turn them into positive forces to win in the marketplace and emerge stronger than ever. They stop creation passive spectators and hesitant observers.As the organization changes to accompany to the forces of the market, the managerial role changes in order to adopt to the demands of the organization. The demand for change and unveiling is enormous. Fiercer competition arises from traditional companies and brand new entrants while the boundaries of markets and industries are progressively colliding. The demanding environment has created a shortage of skilled employees and knowledge pass awayers. The changes also strain the relationships between employers and employees. People work at an organization as long as it is beneficial to them where there are still a lot of milk in the cow, so to speak. Once it no longer gave them the advantage, they move on to greener pastures, to fatter cows, to another(prenominal) companies. The traditional autocratic managers have become extinct. Managers nowadays look upon the importance of individual employees and are responsible in attracting and keeping good people.(Chopra 1999, p. 40) With these shortage of good workers, the managers are enormously pressured to challenge their team to always improve and to stay on top of the competitive game. Effective managers go beyond managing change, they become champions of change, innovation and continuous improvement in the organization. The organizations survival and success depends on how management responds to change with the right value equation by coming up with original, creative and innovative solutions while being resourceful through taking what is available and making it