HRM_ASSIGNMENT 6

Change has always been a challenge, but as the speed of change increased in recent years, so has the difficulty of managing it. Existence of new studies concluded the gap between expected change and the ability of corporations to manage, evolve and develop for the 21st century may come.

“Nothing is permanent in this world except change”.

This statement is very true, as I do believe that everything could change.
I think, the features of the corporations in the near 21st century would look like a lofty and gigantic buildings that are more capable for the usage of highly-technological trends, devices and infrastructures within a digital firm.

Transactions in a corporation will be vastly advanced and more convenient in terms of delivery, productions, and distribution among different users and creditors.

Through the existence of highly generated technologies, corporations would be competent in the fields of:

*Dealing with this rapid evolution, the enterprise of the future must be globally integrated.

*Disruptive by nature.

*Hungry for change and able to innovate beyond customer imaginations.

*Rethinking of existing business models, changing pricing structures and “reshaping the way their industry conducts business,” all fueled by the disruptive power of the Internet.

21 century corporations may comprises this some ideals:

*The Great Transformation
-New technology, particularly the Internet, is reshaping the world's business terrain. Now, corporations need a whole new set of rules.

*The New Leadership
-The accelerated pace and complexity of business will bring dramatic changes in the corporate hierarchy.

*Architectural Visions
-A look at offices that might have been. Plus, two award-winning architecture firms imagine the 21st century environment in photo essays.

*The Corporate Ecosystem
-The old boundaries--between public and private, foreign and domestic, friend and foe--are blurring. The effect will be liberating

*Back to the Future
-Globalization presents a formidable challenge--but if the history of the last century is any guide, the corporation will endure

According to business experts:

“We stand today at an historical moment. Many aspects of the global economy are out of synch with 21st century imperatives. While the character of corporations that produce needed goods and services—the “real economy”—is undergoing intense change, the “financial economy” is fueled more by money shuffling than by long-term wealth creation. The current global financial crisis has exposed a system of untenable leverage and speculative behavior that has left the real economy dangerously short of affordable, reliable and timely capital to meet its investment and operating needs. The result: an erosion of prospects for the creation and prosperity of sustainable companies to meet the pressing social and environmental challenges in the coming decades.”

“When it comes to the merely future development, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened.”
So, we as a mankind, especially to the youths of the contemporary generation, we are capable enough for what we ought to be and to be something in the near future.
Then, whatever our apparitions, wt the end we hold the responsibilities and power to cater and gratify the 21st century would look like to be.

REMARKS:

The growing fluidity of vital business relationships will require constant vigilance and improvisation by all concerned. Like it or not, corporations also will assume a larger role in education and other public-sector preserves, taking over tasks that government either is unwilling or unable to do itself.