For any organization that wants to effect change today, globalization, technological innovation, information management and international partnership are the four major driving forces required. Decision-making is influenced by these changes, as it becomes necessary for organizations to know that transformational, productive and foresighted leaders, who have good understanding of and capable of identifying the different environments in which the organizations are operating in, are needed. The environments in question are the external environment, the competitive environment, which forms part of the former, in which competing business organizations exist; and of course macro-environment, in which determining factors like government policies, economy, societal values, population, as well as technology have a considerable effect upon any organization. Confronted with these complexities, leaders need to have suitable abilities like adaptability, good communication, analytical thinking and bargaining capabilities; and must be provided with essential resources, so as to make good decisions to benefit their organizations.
A combination of international activities like the increase in production of goods and services abroad; promoting customer’s needs in emerging global markets; decreasing obstacles to global trade, aided by increasingly changing technology, have produced a globalized economy in which inter-reliance among nations has become the standard. Hence, the recruitment standards of companies in need of best talent have changed, as the best talent might not necessarily be living in the home country.
Technology has the dual tendencies to make lives more comfortable or worse. The internet has improved communication and changed how information is disseminatedand business executed. It’s increasingly changing and good managers should have more knowledge in these areas, so that the companies can harness their resources to grow, as well as to maintain their competitive advantage.
Technology does not only empower companies to save money and conduct business at a desired time, it can also promote dissemination of confidential and classified information of a company’s code of ethics and core values, and new product promotion in the twinkling of an eye.
Hackers can, however, jeopardize a company’s secrets through the internet and expose such a company in danger. And to meet this challenge, companies are now creating new units like the Information Technology departments, to manage both the good and the bad connected with technological changes. Furthermore, technology has introduced a good number of technology enhanced devices
to enable companies to accumulate and manage information and to be in touch with their workforce worldwide, promptly taking and communicating decisions. This can both be a blessing and a matter of concern to leaders, who must learn to control their choice and use of these devices. In an international economy, nevertheless, technology can help information management.
The Key motivating factors such as changes in consumer’s size, attitudes, lifestyle and interests, technology, product and market innovation, social changes; all demand new ideas, which has made information managers a necessity.
Information managers are made up of a company’s intellectual assets, creative people with new ideas and diagnostic capabilities. Managing wealth of information can give an organization a competitive advantage, as it applies the potentials and relationships of members of the organization. An organization’s strategic management efforts, for instance, can be improved when information available in its international talent database is harnessed from its origin, as a grassroots manager might be able to understand environmental changes better than one who is not. Sustaining motivation of information managers by both internal and external means will make organizations to restructure their incentives and possibly review and revitalize the usual perception of the employer-employee relationship; such as a company-contractor representation, for instance.
Effective management of organization-wide cooperation is an integral part of information management. Use of suitable technology and platforms such as VOIP, e-mail, social media and even company sponsored blogs, can stimulate exchange of information between an organization and its partners; and also assist in all kinds of internal and external cooperative procedures. A practically reachable online database that provides a good and reliable information to workers, consumers or suppliers, might be an example of a driving force that can be employed in international partnership.