Professional Documents
Culture Documents
MG101 - Assignment 1 - S11185641
MG101 - Assignment 1 - S11185641
‘The contemporary workplace’ is a term that is used every now and then once an organisation or
company presents new innovative ideas and items. Today’s economy can be categorised an a
networked and global economy. “Undoubtedly, the new economy is performance-driven.”
(Schermerhorn, 2017, p. 4). Thus, this essay will summarise the subtopics of chapter one of the
book “Management” authored by John R. Schermerhorn.
To commence with, working in today’s economy have various challenges and difficulties.
Intellectual capital refers to the joint learning ability or mutual cognition of personnel, whereas a
knowledge worker is a person whose cognition is crucial quality to employers. The main challenge
is in combining these skills and prowess of individuals to achieve high productivity and desired
outcomes. Other challenges include globalisation, encouraging computer literacy, workforce
diversity (prejudice, discrimination, bias and many more), ethical and social responsibility issues,
and the category of careers available (full-time work, contract work and part-time work).
Furthermore, managers are individuals in a workplace who direct and initiate the work and
achievements of others. Managers carry out agenda setting and networking in an organisation.
There are four main levels of managers – top managers, middle managers, project managers and
team leaders/ supervisors. The managerial performance is measured by accountability and the
quality of work. Planning, controlling, organising and leading are the main components of the
management process.
Bibliography
Schermerhorn, J.R., Davidson, P., Factor, A., Poole, D., Woods, P. and Simon, A., 2017.
Management. 6th Asia-Pacific Edition ed. Milton: Wiley.