Contemporary Management Issues in the 21st Century

Contemporary
Management Issues in
21st Century

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

INTRODUCTION
Contemporary management issues refers to the challenges which include employment,
safety, job stress, work culture, employee engagement, employee turnover, and many other
factors. While dealing with human resources in a commercial enterprise, the principle
threats/troubles that corporations are dealing with in the meantime relate to career development
possibilities, succession making plans, employee expectations, and so on. Staffing, change
management, work-lifestyles stability, and conversation sports. The changing function and
impact of technology and the usage of artificial intelligence can be discovered on the enterprise
and its control (Pellegrino, 2017). The subsequent record describes one-of-a-kind frameworks
and fashions for examining the effects and roles of synthetic intelligence on human resource
control and on organizational operations. It will also discuss the importance of learning and
boom, acquiring skills and dealing with organizational alternate to improve the overall
commercial enterprise to compete within the market.
Role and Impacts of AI on overall business strategy and management of
workforce
Human capital theory
This concept is useful for improving understanding, growth, training and development of
human sources and skills and abilities that can be assessed and advanced in an organisation.
Most of trendy businesses face the situations and troubles of dramatic technological trends in era,
changing talent requirements, schooling and improvement, multiplied competition, and more.
(Shittu, Williams and Shaw, 2021). This is because of the unique necessities of the enterprise's
abilities, abilities, know-how and revel in to carry out numerous functions or activities inside the
organisation. Because of increasingly more dramatic technological exchange and ongoing
stipulations together with the covid19 pandemic, businesses want to adopt the trendy
technologies to stay competitive in the marketplace. Artificial intelligence plays a completely
essential function in connecting humans with every other (De Vos and Van der Heijden, 2017).
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