21st Century Challenges in Corporate Governance and Management

Abstract

Purpose: This paper indentifies the challenges of the 21st century in management and corporate governance; highlight how these challenges are addressed by managers and how to deal with them. Add the paper indicate the barriers which can prevent women from reaching management roles at a variety of levels and why women occupy a large proportion of the work force but without any authority

Methodology and approach:  It shows how managers approach and deal the challenges of the 21st century in Management and corporate governance. The paper shows some examples of the challenges HR departments face in company in the Middle East and how they might be overcome.

Findings: The 21st century has been beset by many challenges and its effects have spread comprehensively in various aspects of economic, social and cultural life, etc. Many of the challenges faced by 21st century managers are the same ones that managers have faced for decades. planning and other tasks are important things and these can strengthen the ability of mangers to face the challenges in its different kind cause these challenges may prevent to perform the major tasks in business in a right way and therefore to be a strong competitor in the market place. Also, most of studies confirmed the role of women in management, in spite of sexual discrimination is still exists in the workplace, But the results approved that they are more analytical, rational and reflective. And behave and organize in different way from men and reflect a superior "emotional intelligence”

Research limitations and implications: This is an exploratory study and is designed as a foundation for future empirical and experiential research.

Practical implications: Managers should know how to deal and be ready always to face any challenges and problems and find new innovative ways or ideas to achieve the major organization goals in an ever increasing in technology. The main challenges for HR managers are the retaining and building of new employees, dealing with changes to demographics and globalization and developing a learning organisation and "transforming HR into a strategic partner”. Therefore, companies which meet these challenges head on will improve their competitive advantage.

Originality and Value: Worldwide, including Middle East faces very specific HR challenges and the human resources managers should be aware of these changes or of the possibilities of HR techniques to meet these challenges.

Research type: literature review, general review