Modern trends and emerging practices applied by organisations operating in Slovakia

Andrea Cambalikova,Luboslav Szabo,D Hrušovská,M Kozáková,M Kmety Barteková

doi:10.1051/shsconf/20208301006

Abstract

The interest in the modern trends in management comes both from the academic field as well as from the practice. Based on the results of our research and literature review we compiled a theoretical basis related to the modern managerial methods and tools used in the organization. We researched the traditional factors of management, hard factors and soft factors, more specifically what importance in managing of the organization is assigned to each of them. Our research has shown that the soft factors of management consider enterprises in Slovakia as those more important. A drawback is a fact that respondents rated corporate culture as the least important factor, while the successful implementation of the most modern management trends requires a change in corporate culture therefore it should be an important part worth paying attention.

Highlights

There is a couple of new challenges enterprises are facing to, such as changing economic conditions, coupled with decreasing trust in markets, increasing pressures on natural resources and significant changes in customer and employee demographics
The changed environment has resulted into the creation of new management methods, techniques, tools and practices that enable organizations to adapt to the current trends in the market
We have worked with the results of the consulting companiessurveys, mainly with the results of an international survey conducted by Bain & Company entitled "Management Tools & Trends", which served us for the needs of comparison of the state in modern trends in management in the world and in the Slovakia

Summary

Introduction

There is a couple of new challenges enterprises are facing to, such as changing economic conditions, coupled with decreasing trust in markets, increasing pressures on natural resources and significant changes in customer and employee demographics. The changed environment has resulted into the creation of new management methods, techniques, tools and practices that enable organizations to adapt to the current trends in the market. There were times when modern approaches to organization management were applied only by the largest companies and those that led the changes.

Results

Conclusion