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Organizational Aspects Of Modern Management In 21st Century

Author

Listed:
  • Mirko Pesic

    (Josip Juraj Strossmayer University of Osijek, Department of Cultural Studies, Republic of Croatia)

  • Teufik Cocic

    (Bajment Ltd., Sarajevo, Bosnia and Herzegovina)

Abstract

Everything is changing in the course of time, especially nowdays when the world is in the globalization process and all business processes are subject to turbulent conditions. Every organization in the market must adapt to the market conditions and the environment. As the economy has its own laws and market conditions that are changing on a daily basis, different models of leadership and management are needed. So, this is the reason why management is the most important factor for managing and leading organizations and companies on market effectively. Management faces the biggest challenges and obstacles that companies and organizations have in their work and must overcome in order to survive on the market in order to achieve successful growth and development. Management in the 21st century is probably in the most turbulent environmental conditions in the history of economics. This paper provides an overview of modern management in the conditions of the 21st century, as well as the factors that infl uence the management in the process of creating successful companies and organizations, and the ways in which management companies adapt to market conditions and to the environment.

Suggested Citation

  • Mirko Pesic & Teufik Cocic, 2014. "Organizational Aspects Of Modern Management In 21st Century," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 10, pages 304-311.
    • Handle: RePEc:osi:journl:v:10:y:2014:p:304-311
    as

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    File URL: http://www.efos.hr/repec/osi/journl/PDF/InterdisciplinaryManagementResearchX/IMR10a22
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    References listed on IDEAS

    as
    1. Vasile Deac, 2012. "Strategic Management In A Crisis Context," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 102-109, November.
    2. POP Zenovia Cristiana & BORZA Anca, 2013. "New Perspectives On Strategic Management Process," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1573-1580, July.
    3. Amosov Oleg Yu., 2012. "The Formation of the Potential of the Enterprise: Organizational and Management Aspects," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 12, pages 337-340.
    4. Marijan Karic, 2010. "The Impact of new Cost Management Methods on Business Profitability," Business Logistics in Modern Management, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 10, pages 27-55.
    5. Daniel Botez, 2011. "Some Aspects Regarding The Relation Between Management, Internal Auditor And External Auditor," International Conference Modern Approaches in Organisational Management and Economy, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 5(1), pages 95-99, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    management; organization; modern management; 21st century;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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