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As the twenty‐first century unfolds, new and higher stakeholder expectations challenge organizations to achieve performance goals and increase shareholder value while at the same time meeting increased regulatory and compliance standards.
In the eighties, companies realized the strategic significance of human resources and a revolution in management development broke out. In the late nineties, technology and connectivity triggered the phenomenon known as globalization. Each wave brought about enormous opportunities for economic growth and development. However, September Eleven and the unprecedented corporate ethics meltdown of the early years of the new millennium revealed that fast change is leaving many gaps behind.
It is a fact that technological innovation has helped streamline business processes and lower costs. On the other hand, however, issues in areas such as data security remain only partially addressed. As for us humans, we seem to have learned how to organize ourselves a little better. However, in general, we are still struggling to work collaboratively across international boundaries, remain creativity‐challenged, and keep Continue reading