Specific Business and Management Challenges in Globalised World: Opportunities and Recommendations

MA. Arben Salihu


Globalisation is continually shaping the way we live, we travel and also the way and structure we work. It is generally acknowledged that there are a number of fundamental factors that play a crucial role in the business life cycle. Management is one of the main pillars of the organization because it provides direction, implementation, and coordination, so that organizations can attain their goals. An organisation’s life depends heavily on the quality of management. If there is any lack within the management element, it may severely limit an organisation’s existence. It is thus imperative to put all the elements in the right shape and place. Yet still this may be insufficient, due to ever growing competitiveness. Vision, strategy and innovation are fundamental in business enterprises but there are other issues related that have an effect to the management and need careful consideration. This study lists a number of specific challenges (namely leadership, innovation and human resources) that businesses and management is encountering and ought to be facing in several decades to come, and offers recommendation to the topics brought forward


Management; Business; Leadership; Innovation; Employees;


Atwater, L. and Waldman, D. (2008). Leadership, feedback, and the open communication gap. New York: Lawrence Erlbaum.

Bell, K., Bivand, P., Davis, M., Krasnowski, K and O‘Donnell, A. (2012) Driving Up Part Time Employment in London. Final Report. Centre for Centre for Economic and Social Inclusion, London: London Enterprise Panel.

Birkinshaw J. Hamel G., Mol M. J., (2008) Management Innovation, Academy of Management Review, Vol. 33, No. 4.

Carson, J. B., Tesluk, P. E., & Marrone, J. A. (2007). Shared leadership in teams: An investigation of antecedent conditions and performance. Academy of Management Journal, 50(5).

Drucker P.F., (1999), Management Challenges for the 21st Century, New York: Harper Paperbacks.

Feldman, D.C. and Doerpinghaus, H.I. (1992), Missing persons no longer: managing part-time workers in the '90s Organizational Dynamics, VOL.21:1.

Kotler, P., (2003), Marketing Insights from A to Z, New Jersey: John Wiley & Sons.

Nelen A., De Grip A., Fouarge D., (January 2011), Is Part-Time Employment Beneficial for Firm Productivity? Research paper IZA, DP No. 5423.

Pearce C. L., and Conger J. A. (2003), All those years ago: The historical underpinnings of shared leadership; in C. L. Pearce and J.A. Conger, editors, Shared Leadership: Reframing the Hows and Whys of Leadership, Sage, Thousand Oaks, CA.

Pearce, C. L., Manz, C. C., & Sims, H. P. Jr. (2009). Where do we go from here? Is shared leadership the key to team success? Organizational Dynamics, 38(3).

Rijamampianina, R. (1996). ‘Effective Management in Multicultural Organizations’, Economic Journal of Hokkaido University, No. 25.

Sally, D. (2002). Co-leadership: Lessons from Republican Rome. California Management Review, 44(4).

Thatchenkery, T. Sugiyama K., (2011), Making the invisible visible: Understanding leadership contributions of Asian minorities in the workplace. New York: Palgrave Macmillan

Full Text: PDF

DOI: 10.21113/iir.v5i2.83

Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM


  • There are currently no refbacks.

Copyright (c) 2016 MA. Arben Salihu

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.