Current Business Development Management, Challenges, and Opportunities custom essay

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The modern management era is known for its focus on managerial practices and principles as a more scientific undertaking. If fact, there has been a progression of managerial thoughts emanating during this era. Theorists Henri Fayol, Henry Mintzberg and Rosemary Stewart brought about some foundational concepts that have been expanded upon as we apply current management concepts. Fayol tended to look at best practices of various companies to adopt effective management practices. Mintzberg observed day-to-day work practices to gleam knowledge to share within the industry and Stewart was known for looking at the role of management based on the demand of the job along with other aspects.

Today, managerial thought has progressed from topics related to human resources, with the appreciation of various forms of diversity, total quality management, and eco-friendly supply chain logistics. In this section, you will assess modern management principles and concepts by outlining the progress of current managerial trends, current business development, and the human dimension of future business management.

Required Reading:
Wren, D. A., & Bedeian, A.G. (2009)., Chapters 20, 21, 22, and 23

Assignment 6 Paper 3 – Current Business Development
Management, Challenges, and Opportunities
The modern management era has brought about significant change. In fact, the entry of social scientists into the educational field of business certainly introduced new managerial thought and opportunities, but not without challenges. These social scientists introduced changes to the management style relative to the employees. Some scientists introduced a job design to increase employee involvement and promoted goal setting theories. The discourse within the social scientists? world related to leader-member relationships involves introducing transformational, charismatic, and transactional theories among others. However, these new theories generated challenges. This activity allows you to summarize emerging management practices and their challenges and opportunities.

Review Chapters 20 through 23 of the primary text.

For your third paper assignment, select an industry that has emerged within the past 5 to 20 years. Summarize emerging management practices of that industry, related challenges, and possible opportunities. Offer your own thoughts on how you think this industry will continue to evolve in terms of its business management style.

Research your topic using the Northcentral Library to locate additional peer reviewed scholarly sources. Your assignment must include at least one Table or one Figure within the body of the paper. Use proper APA format for the caption to your table or figure. Upon completion of this assignment you will demonstrate your ability to compare recent changes in management theory to those of the past.

Length: 5-7 pages (app. 350 words per page)

Your essay should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.

Submit your document in the Course Work area below the Activity screen.

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