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Management Group Assignment
Management Group Assignment
Fourth industrial revolution causes stress. One the biggest causes of stress within an
organization is technological advancement, Brod (2021) affirms that by saying lack of
ability to adapt to new technology in an efficient and right way induces an emergent
psychological illness called technostress (stress caused by technology). For example,
some people may feel like they are constantly being monitored and judged by their
productivity tools. Indeed, fourth industrial revolution act as a stressor.
However, fourth industrial revolution makes it easy to keep track of tasks. Project
management software tools allows teams to break down projects into smaller tasks,
assign them to a specific team member and track their progress, said Asana and Trello
(2023). According to Pulse of Profession (2010) the improved task tracking introduced
though fourth industrial revolution improve efficiency and productivity as members see
exactly what needs to be done and when. This can lead to faster, tasks completion and
better utilization of resources. For instance, in 2015 Air BNB company struggled to keep
up with growth of its business and demands of users. To address this challenge, it
implemented a new project management system that allowed team-members to track
task and project in real-time. Therefore, fourth industrial revolution has a significant
impact on track keeping.
CONTROL: Fourth industrial revolution has caused increase of data analytics to
monitor and control production processes. According to Julfikar (2023) This has made it
possible to discover and address issues in real time, decreasing downtime and
improving efficiency. It has led to the development of new quality control systems such
as computer vision and machine learning, which can help to recognizing defects and
ensure that products meet high standard of quality: greater emphasis on lucidity and
liability as companies seek to build trust with customers and stakeholders.
The traditional control systems were began to manage continuous process rather than
the unforeseen and uncomfortable events that characterize a disordered environment.
Yeheskel and Globerson (2020) state that sudden and unexpected events are the truth
similar with the respect to their control needs to project management since they have a
defined response, one that is not always possible to anticipate traditional control
systems. This will generate a control infrastructure that merges order and disarrays.
Progress, fault, and interference in the production are removed using technology. This
improves the process while reducing times and necessary resources assisting to evolved
products that meet the strictest quality standards: allowing manufacturing to be
increasingly personalized. For example, REPSOL (2023) mentioned that the well-being
of workers increases as robots carry out the dangerous tasks, bringing down revelation
for human capital. Only permit people can gain access and interconnect with data,
giving greater security and compliance with the current law making.
LEADING: Fourth industrial revolution create digital literacy and technology proficiency
which empowers leaders with knowledge and skills. As per Forum (2019), digital literacy
and fluency are becoming core leadership competences. This enables managers to lead
effectively as well as making informed decisions based on data and information. These
skills provide leaders with the ability to adapt to new technologies and utilize them for
the benefit of the organization. For instance, the leader who consider investing in new
technology would be able to research the technology and analyze data about its
potential impact and communicate with experts in that field though digital literacy and
technology proficiency. In conclusion, fourth industrial revolution help managers make
better decision.
In conclusion, the fourth industrial revolution has transformed all four processes of
management. New technology has led to greater, agility, fluidity, and decentralization
while the nature of work has shifted from traditional hierarchical structures to more
distributed models. Ultimately these changes have led to more distributed that are more
adaptable, collaborative, and resilient in the face of constant change.