Changing Paradigms: The Transformation of Management Knowledge for the 21st Century

Management paradigms, the system of ideas by which managers understand and act upon in the economic world, have undergone a rapid process of transformation in recent years. Throughout the business world management thinking is becoming more sophisticated. A cerebral approach to rethinking companies is apparent, and a familiarity with a variety of management theories is often required by practising managers in response to the rapid evolution of the business environment. This work seeks to explain how current developments in management ideas relate to traditional forms of management thought and practice, and examines which paradigms are likely to be durable in the next century.