The Obsolescence and Survival of Traditional Managers Management Essay (Essay Sample)

The Obsolescence and Survival of Traditional Managers
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The Obsolescence and Survival of Traditional Managers
Introduction
Currently, the world is experiencing the fourth industrial revolution marked by enormous developments in the business community. There are two contradictory thoughts as to how these developments will affect the rise and fall of corporations. First, it is believed that companies survive because of the managers who run them and who are exceptionally good at what they do. They can make the right decisions and build a company by achieving and maintaining a competitive advantage. The opposing view is that a company's fate is heavily dependent on outside forces beyond management control. Indeed, managers cannot determine whether a business will survive or not. They can only improvise, adapt, and overcome. In other words, it is the system that dominates and not the management. A series of changes to the system have occurred over the years that may threaten or build traditional management systems (managers). These changes include technological advancements, political changes, and overall changes in the organization of work.