University of Memphis - MGMT -3510 The modern business world is constantly changing, and your success depends on your ability to adapt to rapidly changing business practices and evolving technology

University of Memphis - MGMT -3510

The modern business world is constantly changing, and your success depends on your ability to adapt to rapidly changing business practices and evolving technology.

Read the following questions, and identify the business trend illustrated in the example.

1) Line workers at a Virginia steel mill developed a new process that made the line safer. It went through only one level of management before it was approved by the vice president of operations.

Changing communication technologies

Self-directed work groups and virtual teams

Flattened management hierarchies

2. Shen works remotely analyzing statistical data for Azod Software Company. Occasionally, his virtual team will schedule a face-to-face meeting, and he will drive in to the regional office.

Heightened global competition

Nonterritorial offices

Flattened management hierarchies

3. You work for an auto manufacturer designing brake systems, but you do not have a dedicated team. Instead, you move from project to project, joining a new team and project when your current project is concluded.

Self-directed work groups and virtual teams

Nonterritorial offices

Innovative communication technologies

4. To boost company recognition, Antonio, the president of StreetLife Entertainment, makes daily blog entries.

Changing communication technologies

Emphasis on ethics

Nonterritorial offices

5. After a gas pipeline explosion that destroyed homes and injured dozens of people, Pacific Power Company publicly unveiled a new mission statement with a greater focus on safety and corporate accountability.

Changing communication technologies

Heightened global competition

Renewed emphasis on ethics