IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxiy2018i3p230-241.html
   My bibliography  Save this article

Technological Factors and Management Transformation in Social and Economic Systems

Author

Listed:
  • Kh.Sh. Mullakhmetov

Abstract

Today, a rapid, interconnected change in a large number of factors that have a significant impact on development of enterprises makes uncertainty an ongoing reality of management. As a key driver of change, new technologies enter new areas of life; global market, common information space, and reduction in product life cycles enhance competition and demand new higher standards from enterprises and their staffs. Development of management theory and practice does not meet the requirements set by the business environment. Transformation of management and its basic subsystems becomes a recognized need. Effective management in contemporary business landscape involves a combination of flexibility and adaptability, which does not exclude a certain level of stability as a pre-requisite to obtain competencies. Therefore, from a strategic point of view, the main task of modern management is to find a balance of stability and flexibility, that will make an effective management real. "What" needs to be done is shown in studies in a consistent manner. At the same time, "how" to do that is mostly described in general words. The author believe that one must answer the "why" question first: an understanding why we should change, i. e. what factors affect transforming management of economic and social systems, and how they do that is an initial stage of successful adaptation the existing management concepts and practices. The article describes the characteristics of impact of technological factors on the management, which makes the change processes controllable and improves the management effectiveness.

Suggested Citation

  • Kh.Sh. Mullakhmetov, 2018. "Technological Factors and Management Transformation in Social and Economic Systems," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 230-241.
  • Handle: RePEc:ers:journl:v:xxi:y:2018:i:3:p:230-241
    as

    Download full text from publisher

    File URL: https://www.ersj.eu/dmdocuments/2018_XXI_3_17.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Khanif MULLAKHMETOV, 2015. "Some Approaches to the Development of the Management Control Concept," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 6(1), pages 128-137.
    2. Richard A. Bettis & Michael A. Hitt, 1995. "The new competitive landscape," Strategic Management Journal, Wiley Blackwell, vol. 16(S1), pages 7-19.
    3. David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David G. Sirmon & Michael A. Hitt, 2003. "Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms," Entrepreneurship Theory and Practice, , vol. 27(4), pages 339-358, October.
    2. Ilona Baumane & Rebekka Vedina, 2011. "Capacities and Competencies as Sources of Competitive Advantage: The Case Study of Latvian Hotels," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(2), pages 301-318, May.
    3. João José M. Ferreira & Cristina I. Fernandes & Vanessa Ratten, 2016. "A co-citation bibliometric analysis of strategic management research," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(1), pages 1-32, October.
    4. Thorsten Grohsjean & Tobias Kretschmer & Nils Stieglitz, 2011. "Performance Feedback, Firm Resources, and Strategic Change," DRUID Working Papers 11-02, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    5. Paul M. Vaaler & Gerry McNamara, 2010. "Are Technology-Intensive Industries More Dynamically Competitive? No and Yes," Organization Science, INFORMS, vol. 21(1), pages 271-289, February.
    6. Manuela Varsani, 2018. "Concept for Strategic Management and Innovation: Perspective of Balance Theory," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 4(3), pages 93-104.
    7. Yew Wong, Chee & Karia, Noorliza, 2010. "Explaining the competitive advantage of logistics service providers: A resource-based view approach," International Journal of Production Economics, Elsevier, vol. 128(1), pages 51-67, November.
    8. Atul Nerkar & Srikanth Paruchuri, 2005. "Evolution of R&D Capabilities: The Role of Knowledge Networks Within a Firm," Management Science, INFORMS, vol. 51(5), pages 771-785, May.
    9. Basu, Sandip & Phelps, Corey & Kotha, Suresh, 2011. "Towards understanding who makes corporate venture capital investments and why," Journal of Business Venturing, Elsevier, vol. 26(2), pages 153-171, March.
    10. Shaker A. Zahra & Anders P. Nielsen & William C. Bogner, 1999. "Corporate Entrepreneurship, Knowledge, and Competence Development," Entrepreneurship Theory and Practice, , vol. 23(3), pages 169-189, April.
    11. Khanif Sharifzуanovich Mullakhmetov & Ruslan Duferovich Sadriev & Elvir Munirovich Akhmetshin, 2019. "Influence of corporate culture on the system of management in modern conditions," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1098-1113, December.
    12. McKelvie, Alexander & Haynie, J. Michael & Gustavsson, Veronica, 2011. "Unpacking the uncertainty construct: Implications for entrepreneurial action," Journal of Business Venturing, Elsevier, vol. 26(3), pages 273-292, May.
    13. Santoro, Michael D. & Chakrabarti, Alok K., 2002. "Firm size and technology centrality in industry-university interactions," Research Policy, Elsevier, vol. 31(7), pages 1163-1180, September.
    14. Yaqun Yi & Yuan Li & Michael A. Hitt & Yi Liu & Zelong Wei, 2016. "The influence of resource bundling on the speed of strategic change: Moderating effects of relational capital," Asia Pacific Journal of Management, Springer, vol. 33(2), pages 435-467, June.
    15. Espeche, José Francisco Tragant & Sacristán-Navarro, María & Zúñiga-Vicente, José Ángel & Crespo, Nuno Fernandes, 2023. "Innovation and internationalisation during times of economic growth, crisis, and recovery prior to Covid-19: A configurational approach comparing Spanish manufacturing family and non-family firms," Journal of Family Business Strategy, Elsevier, vol. 14(1).
    16. I-Chieh Hsu & John J. Lawler, 2019. "An investigation of the relationship between gender composition and organizational performance in Taiwan—The role of task complexity," Asia Pacific Journal of Management, Springer, vol. 36(1), pages 275-304, March.
    17. Lee, Jaeho & Slater, Jim, 2007. "Dynamic capabilities, entrepreneurial rent-seeking and the investment development path: The case of Samsung," Journal of International Management, Elsevier, vol. 13(3), pages 241-257, September.
    18. Jonas Soluk & Ivan Miroshnychenko & Nadine Kammerlander & Alfredo De Massis, 2021. "Family Influence and Digital Business Model Innovation: The Enabling Role of Dynamic Capabilities," Entrepreneurship Theory and Practice, , vol. 45(4), pages 867-905, July.
    19. Hagedoorn, John, 2000. "External Appropriation of Innovative Capabilities: The Preference for Strategic Alliances or M&AS," Research Memorandum 008, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    20. Julio Cesar Acosta Prado & Reynaldo Hernández Reyes, 2012. "Externalización de procesos de negocio en tecnologías de la información y la gestión estratégica del conocimiento. Una revisión de la literatura," Dimensión Empresarial, Universidad Autónoma del Caribe, December.

    More about this item

    Keywords

    adaptation and transformation in management; balancing stability and flexibility; technological factors; knowledge technology and machine technology; modern business environment.;
    All these keywords.

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • O - Economic Development, Innovation, Technological Change, and Growth
    • D - Microeconomics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxi:y:2018:i:3:p:230-241. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.