2011/5/5

By Shillingi, V (Mr.) MBA –CM; PBA-PSC sshtz@yahoo.com; 0715 88 5676

We live in a world that has been turned upside down. Companies are pouring money, down. technology, and management expertise into regions that were once off limits, acquiring new enterprises, forming joint ventures, creating new global businesses from the ground up. up.

Many major companies are going through significant changes, including outsourcing, downsizing, reengineering, selfself-managed work teams, flattening organizations, and doing routine jobs with automation and computers. computers. Some experts contend that if you can describe a job precisely or write rules for doing it, the job will probably not survive. survive.

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2011/5/5

Change is avalanching down upon our heads and most people are utterly unprepared to cope with it. it. Tomorrow’s world will be different from todays, todays, calling for new organizational approaches. approaches. Organizations will need to be adapting to these changes, market conditions and at the same time coping with the need for a renewing rather than reactive workforce.. workforce.

Every day managers are confronting massive and accelerating change. change. As one writer comments, “Call it whatever you like – reengineering, restructuring, transformation, flattening, downsizing, rightsizing, a quest for global competitiveness – it’s real, it’s radical and it’s arriving every day at a company near you.” you.

The world economy is currently dominated by information and communication technology, and has consequently become increasingly competitive and globalized. globalized. The changing economy also impacts on our living and working environments. environments. All human resource management practices will have to change dramatically to answer to the demand of the economy. economy.

Important concepts relates to the new economy are