ORGANIZATIONAL ASPECTS OF MODERN MANAGEMENT IN 21ST CENTURY

Mirko Pesic () and Teufik Cocic ()
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Mirko Pesic: Josip Juraj Strossmayer University of Osijek, Department of Cultural Studies, Republic of Croatia
Teufik Cocic: Bajment Ltd., Sarajevo, Bosnia and Herzegovina

Interdisciplinary Management Research, 2014, vol. 10, 304-311

Abstract: Everything is changing in the course of time, especially nowdays when the world is in the globalization process and all business processes are subject to turbulent conditions. Every organization in the market must adapt to the market conditions and the environment. As the economy has its own laws and market conditions that are changing on a daily basis, different models of leadership and management are needed. So, this is the reason why management is the most important factor for managing and leading organizations and companies on market effectively. Management faces the biggest challenges and obstacles that companies and organizations have in their work and must overcome in order to survive on the market in order to achieve successful growth and development. Management in the 21st century is probably in the most turbulent environmental conditions in the history of economics. This paper provides an overview of modern management in the conditions of the 21st century, as well as the factors that infl uence the management in the process of creating successful companies and organizations, and the ways in which management companies adapt to market conditions and to the environment.

Keywords: management; organization; modern management; 21st century (search for similar items in EconPapers)
JEL-codes: L10 (search for similar items in EconPapers)
Date: 2014
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