Organizational Aspects Of Modern Management In 21st Century
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.
SOME ASPECTS REGARDING THE RELATION BETWEEN MANAGEMENT, INTERNAL AUDITOR AND EXTERNAL AUDITOR
Businesses and organizations are in constant confrontation with improving their performance in an environment that provides them with all the guarantees. This improvement is increasingly sought through a decentralization of decision making to ensure appropriateness. In these circumstances, the firm's manager will normally ask questions about the effectiveness of the functioning of the organization, exercised by him and by his collaborators. In this context, communication between management and audit committee, and internal auditor and external auditor could be strengthened and formalized. In this process, internal audit, an independent objective assurance and business advisory, intended to add value and lead to business improvement organization. In Romania, the organization of internal audit in the private sector, there are some problems with a full understanding of the necessity and advantages of this function, which is manifested by poor organization or unorganized internal audit function, even where it is absolutely necessary. Another part of internal communication process regarding position of external auditor. Frequent and regular dialogue with this is essential in the wider context of good corporate governance and for cooperation between entity and stakeholders.
The Organization's Management in a Crisis Context
After we woke from the “exhilaration” of December ’89, glad that we “got rid” of socialism, in the following years we have been looking around us, and we saw everywhere all kinds of problems: financial blockages, the lack of markets both for the “inputs” and for the “outputs”, massive restrictions of activity and, as a consequence, unemployment and powerful social conflicts, abnormal prices rises. When we thought we pulled ourselves together, reaching to the year of 2008, we didn’t have a lot of time to enjoy our success, noticing that USA, instead of giving us its economic performance, brought us a financial crisis, followed by an economic one. That’s the last straw! and now we’re waiting now for a sheet anchor to save us from the current economic-financial crisis…from the management. The paper seeks to highlight the necessary changes in the management activity in the current crisis context, respectively the existence of a coherent strategy of the company to assure it the necessary performance for entering the competition, the changing of the dominant way of thinking, the impact of the clients’ attitude regarding the employees, the need of leadership and the awareness of the fact that any crisis means another opportunity.