Are traditional theories of management still relevant in today's changed workplace?

Via: Dragon Digital Rise of Social Media

The development of international competitiveness has started questioning the practice of traditional theories in modern management systems. With the growth of digitalisation, the entire approach to doing business is taking a large leap, especially in terms of gaining global accessibility. It is under this pressure that the implementation of traditional theories for management appears to be a matter of doubt. The fundamental approach of this essay is to argue that traditional management theories are still relevant in the business management domain. Amidst innumerable debates regarding the significance of traditional management theories in the modern management system, the purpose of this essay is to check the relevance of traditional management theories in the modern world. The essay will look into the role of digitalisation, the evolution of traditional theories for modern usage, and the exemplary status of Nigeria for following traditional approaches.

Globalization to De-globalization in International Business: Impact of Brexit, Presidency of Donald Trump, Rise of European Populism

Image source: DEEP KAPURIA

The recent political upheavals, especially Brexit, the election of Donald Trump, and an increase of populism in Europe, are offering direct impacts on the future of firms’ globalization and the evolution of de-globalization as an upcoming era. According to Frieden, there is a predominant backlash noted on the part of globalization (2018). Referring to the political events of Brexit, the Presidency of Donald Trump, the rise of European populism, Frieden noted the increasing threats over the globalised mode of the economically integrated mode of international business. These are the instances that are marked in this essay for critical analysis of comprehending these elements in terms of creating hostility towards the prevalent integrated global economy and the scopes of international free trade ventures, in future.

Top 10 developments of Rupee at the rate hike of US Fed

On Thursday, Sensex attained a rise of more than 150 points. Nifty reclaimed by 7800 mark as on track of higher range in Asian markets. INR went up to 66.62 per USD, against 66.73 of Wednesday.

The top 10 developments of Indian market under the influence of the US Fed rate hike are noted hereby.

Image Source: ZeeNews

1.  The base of 25-point rate hike of the US Fed helped the BSE Sensex as well as Nifty in attaining the hit last week, amidst the continuous 3-month lows. Rupee hit in above 2 years’ lows by crossing 67 INR per USD, since foreign investors gave up at large due to anticipation made over Fed rate hike.