Предизвикателството в управлението на икономиката в XXI век
The Challenge in the Management of the Economy in the XXI century

Author(s): Fahri Idriz
Subject(s): Economy, Business Economy / Management, Human Resources in Economy, Business Ethics
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: management; economy; challenges
Summary/Abstract: The 21st century is the century in which we must make the right, different decisions for the companies we manage, and not the previously accepted decisions, because they will be wrong. The challenges of management in the 21st century are as many challenges as there are opportunities. When management analyses the behaviour of its people in the organization it manages, it is then that it reaches conclusions different from its thoughts in expectations. They come to different conclusions: changing work habits is a slow process that requires changes in our attitude towards colleagues and work process. We humans tend to work for one recognition before other colleagues. Of course, the salary we receive also affects our corporate affiliation and culture of behaviour and creates habits of care for the work process and our workplace. The motivation that comes from the recognition that we are part (indispensable) of the team fuels us for ultimate self-giving and nothing else. It cannot generate such motivation in us. I would add that everything else is unnecessary political talk in economic reality. Both cost reduction and increased productivity are part of the motivational processes in the organization, which is an indispensable tool in the hands of management, regardless of the hierarchical level in the organization. All people in it we need appreciation.

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