What Are Corporate Managers Facing in Terms of Challenges? Term Paper

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Management Challenges -- Five Years from Now

What are the great challenges ahead for a manager in a business environment over the next five years? This paper addressed those issues, using verifiably legitimate sources.

Challenges for management over the next five years

The Society for Human Resource Management created a survey that was conducted 2010 and 2012, and it was published in 2013 in Forbes. HR of course is the driver for hiring, training and retaining employees, and the HR department has a huge stake in management, hence, the importance of their research. The issue that received the most "yes" votes by HR managers was "Retaining and rewarding the best employees," and certainly that would be at the top of any business manager's list. In 2012, 59% of respondents rated this issue the most important issue and in 2010 51% rated it most important (Biro, 2012). The issue of "developing the next generation of corporate leaders" got 52% in 2012 (29% in 2010); and "creating a corporate culture that attracts the best employees…" rated top among 35% of managers in 2012 (44% in 2010) (Biro, p. 3).

Of course these issues that are very critical for HR managers.

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The rest of this list is continuing to be specific to HR managers (finding skilled employees; creating workable HR processes and policies; and creating a "service-oriented" and "employee-centric" organization), and is also specific to management at any level of a company because without alert, resourceful, knowledgeable employees the company will stagnate.

Meghan Biro has her own list of five "great challenges" for managers; she is a contributor to Forbes and her number one challenge is to "Invest in leadership development." Companies need to keep their best employees, and help them "sustain leadership qualities," and moreover, she is not just talking about having the best employees get some training once in awhile. She is saying, the best employees need to be involved in an "immersive leadership environment" (p. 2). Her number two -- which I heartily agree with -- is to "create a culture of collaboration"; that is everyone from the senior executives to the person working at the bottom rung must be working in unison, pulling in the same direction, and the challenge for….....

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"What Are Corporate Managers Facing In Terms Of Challenges " (2014, September 15) Retrieved May 20, 2025, from
https://www.aceyourpaper.com/essays/corporate-managers-facing-terms-challenges-191809

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"What Are Corporate Managers Facing In Terms Of Challenges ", 15 September 2014, Accessed.20 May. 2025,
https://www.aceyourpaper.com/essays/corporate-managers-facing-terms-challenges-191809
   

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