Contemporary Management Issues: Impact of AI on Business Strategy and Talent Acquisition

Contemporary
Management Issues in
the 21st Century

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Using competitive strategy models and HR theory, critically evaluate the role and impact of
Artificial Intelligence on the overall business strategy and the management of workforces in
organisations within a global environment. ...............................................................................3
Critically evaluate and discuss the importance of talent acquisition, learning and development,
and change management in the current global competitive climate...........................................5
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Artificial Intelligence is mainly related to the work that is done in digital form by humans
with the aid of machines and advanced use of technology by the use of computers. Artificial
Intelligence (AI) is mostly used in today's time due to its fast performance and even has the
ability to think like humans. It is very beneficial technology with smart processing that will help
in performing the work or task more easily as it has the ability to perform various tasks at on
time efficiently and effectively. The matter of contemporary management issues refers to the
managing of human resources within an enterprise by which there is no obligation towards
employment, safety, culture of work, engagement of employee, stress of job, turnover of
employee, etc(Anderson and Coveyduc 2020). The challenges that are majorly faced by the
organisations in present time are related to expectations of employees, opportunities for career
growth, successful planning, change in the management, work life balance and communication
activities. This report will cover the analysis of artificial intelligence in various organisations and
impact on business strategy within an organisation. Along with this, there will be brief on
importance of talent acquisition with changes in management of current global competition.
This report will cover the importance of learning of talent acquisition and development and
changing management within the organisation for overall improvement in business for
competition in market.
TASK
Using competitive strategy models and HR theory, critically evaluate the role and impact of
Artificial Intelligence on the overall business strategy and the management of workforces
in organisations within a global environment.
The theory of Human Capital plays a major role in education, knowledge, development,
growth, skills and productivity of human resource that can be increased and analysed within an
organisation (Card and Nelson 2019). Businesses in present time are facing lot of challenges and
issues that are related to intense growth of technology, change in the requirement of skill,
training and development with increase in competition, etc. The conduct of different functions or
operations within the business is conducted due to the specific requirement of skills, abilities,