Business everywhere has become global in nature.
The global business environment has become highly turbulent and complex due to
extraordinary changes in the fields of information, technology, competition,
economics, politics and society. The constantly changing business environment
renders the current management models or approaches obsolete very fast.
Business executives are required to continually adjust their management
approaches and be innovative and creative in managing the turbulent business
environment, and the uncertainties, complexities and ambiguities arising out of
it. They need to understand how to generate innovative management ideas which
require knowledge of advances in management theories and ability to investigate
or research complex management issues for better solutions.
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