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Intra-Disciplinary Challenges of Business Management-New
Intra-Disciplinary Challenges of Business Management-New
CHALLENGES OF BUSINESS
MANAGEMENT
DIWAKAR CHATURVEDI
MBA 2ND YEAR
OBJECTIVES OF PRESENTATION
TO KNOW WHAT INTRA-DISCIPLINARY
CHALLENGES ARE
TO KNOW THEIR TYPE
TO IDENTIFY THE DEPTH OF ACTUAL
CHALLANGES
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INTER- DISCIPLINARY CHALLENGES
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MANAGEMENT USES THE DISCIPLINES WITH
EXTREME CARE TO GAIN THE VITAL BUSINESS
VALUES
PROFIT
EFFICIENCY
COMPETITIVENESS
PRODUCT/ SERVICE QUALITY
7
RATIONAL OF THE STUDY:
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EXAMPLE GIVEN BY ADAM SMITH-
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VITAL ELEMENTS OF BUSINESS
MANAGEMENT
SUCH AS –
LABOUR
PRICE
MARKET
NATURAL RESOURCES
HAVE DIFFERENT MEANINGS TO
DEFFERENT STAKEHOLDERS IN
BUSINESS.
SOMETIMES THEY ENTAIL MUTUALLY
COMPETITIVE MEANING. 10
EXAMPLE: LABOR SAVING
FOR LABORERS
LABOUR SAVING MEANS ANY REDUCTION IN THE
AMOUNT OF HARD WORK WHICH THEY ARE
SUPPOSED TO DO.
FOR MANAGERS
LABOUR SAVING MEANS REDUCING THE
PRODUCTION COST BY LOWERING WAGES &/OR
BENEFITS, SHRINKING WORKING HOURS OR EVEN
THE WORKFORCE ITSELF.
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THE CHALLENGES ARE FROM:
KNOWLEDEG ECONOMY
INTEGRATING SPRITUALITY IN
BUSINESS.
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(1) KNOWLEDGE ECONOMY…
16
?
PATENT LAWS ALWAYS BREED DEBATES…
21
(3) BUSINESS AND SPIRITUALITY…
A SPIRITUAL OUTLOOK IS
SOMEWHAT PRESUPPOSED IN INDIAN
BUSINESS.
• SPIRITUALITY IS RELATED TO WELL-
BEING, INDIVIDUAL MOTIVATION,
TASK EFFECTIVENESS,
ORGANIZATIONAL CLIMATES.
• IT IS UNDERSTOOD AS A PROCESS
OF SELF-ENLIGHTENMENT.
• IT HELPS THE PEOPLE TO FOCUS ON
STRATEGY AND IT DEVELOPS 22
CHALLENGES FORM SPIRITUALITY IN
BUSINESS…
THANKS. 24