Challenges For Modern Managers - Assignment Solution

Introduction

For the purpose of this assessment, the organization or the company that I have selected is a Financial Services and Consultancy firm. The reason why I decided to select such a company and business is primarily because of my previous experience with the company and my substantial interest and intrigue with the financial services and consultancy sector in general. The selected organization and my experience with it will not only help me significantly in critically analyzing the roles and functions of that the managers of the organization perform on a day to day basis, but it will also enable me to ascertain the various risks and challenges that the managers of the organization have to face and the issues they have to tackle in the dynamic business environment of today.

Taking up the financial services and consultancy sector as the primary example of discussion for this report will not only allow me to critically analyze the impacts and implications of the global financial crisis of 2008, but it will also help me in exploring its links to the moral and ethical values and principles of business. It will also aid in examining the impact and the influence that ethics, morals, values, principles, organization culture and workforce diversity have on the progress and growth of the organization and roles and functions of the managers within the organization to help keep the company on the path to achieve its organizational goals and strategic objectives in an effective and efficient manner.

Methodology

In order to formulate an extensive and detailed report concerning the full range of challenges and issues that the managers of a rapidly growing organization face in the dynamic business market of today, comprehensive research methods and techniques need to employ. Much of the data and information for this report will primarily be taken from several carefully examined, authentic, and credible research and management journals and literature available. The research will further be aided by carrying out some interviews and detailed discussions with some of the managers of the organization selected for this purpose.

The data and information, thus, collected and gathered through the examination of credible and authentic sources and literature available for the subject will help us in formulating theories and enable us to come up with a list of significant challenges and issues that the managers of the organization have to address in the rapidly changing business world of today. Such challenges and problems will then be cross-referenced with the findings and outcomes of the interviews and discussions of the managers conducted for this purpose. In this way, we will be able to interpret and analyze as to whether the information regarding the challenges and problems of modern day management collected from theories and literature is backed up and supported by the findings and outcomes of the primary research carried out through the use of qualitative research methods of interviews and in-depth discussions. Such a methodology will not only enable us to the required objective and conclusive answers to the posed questions, but the outcomes found by it will also allow us to test the validation and the application of theoretical literature as top whether or it stands true when compared to the practicalities of the modern business world.