Contemporary Management Issues in the 21st Century

ESSAY

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Role and Impacts of AI on overall business strategy and management of workforce................3
Importance of talent Acquisition, learning and development, and change management............5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
Artificial intelligence refers to human intelligence works by machines and advanced
computer system. The artificial intelligence is more faster than human brains as it allows systems
to perform and thinks like humans. It is the smart technology that help in making work and tasks
more easier as it design according to the different works. Contemporary management issues
refers to the problems that include but are not bound to employment, safety, work culture,
employee engagement, job stress, employee turnover, etc. while managing the human resources
within an enterprise. The major challenges that are faced by organisations in today's world are
the employee expectations, career growth opportunities, succession planning, change
management, work life balance and communication activities. The changing role and impacts of
technology and use of artificial intelligence on the organisation as well as its management
activities can be witnessed The report will cover the discussion about uses of artificial
intelligence in different organisation along with its impacts on business strategy within an
organisation. In addition to this, importance of talent acquisition as well as changes management
in present global competition is elaborated in the report. The following report will be describing
very theories and models for examining the impacts and role of artificial intelligence on
management of human resource as well as the operating activities of the organisation. It will also
discuss the importance of talent acquisition learning and development and change management
within the organisation for improving the overall business to compete in the market.
MAIN BODY
Role and Impacts of AI on overall business strategy and management of workforce
Human Capital theory plays a very important role in the education, knowledge, growth
and development, skills and productivity of human resource can be evaluated and increased
within an organisation. Most of the businesses in today's world are facing the challenges and
issues related to the intensified growth of technology, changing skill requirements, training and
development, and increasing competition, etc. It is due to the specific requirements of skills,
abilities, knowledge and experience required by the organisation for carrying out different
functions or operations within the business. Due to the intensifying changes in technology and