Managers are faced with the challenge to maintain stability and achieve some level of predictability. This seeks to resist change as much as possible. However, change is now the only reality that should be expected always since organisations are facing a complex and turbulent business environment. Maintaining the status quo through rigid structures is no [...]DETAIL
Organisations and their leaders and managers are operating in a complex environment in which globalisation and technological advancement are bringing uncertainty and turbulence. This has increased competitive rivalry among organisations and the need to meet increasing and conflicting stakeholder interests. This has pressurised leaders and managers to focus on maximising profit, conserve the planet, and [...]DETAIL
People usually interchange leadership with management and leader with manager in their conversations. However, these are distinct concepts especially when we consider the roles and behaviour expected of a leader and a manager. It is therefore important to understand the differences between leading and managing if an organisation is to benefit from both processes. This [...]DETAIL
1.0 Introduction With intense competition in the current competitive environment, firms are looking for ways in which they can market their products and services globally. This has given way to globally standardised products instead of locally customised ones: a global market is now the focus of many firms. This necessitates adapting a firm’s strategy, structure, [...]DETAIL
Some People and Students in front of the new and futuristic building of the University of Economics and Business in Vienna.