Nature of management and new technology Essay Example | Topics and Well Written Essays - 250 words

Nature of management and new technology - Essay Example To begin with, management has to co-create value with customers (Hill & Jones 2009, p. 96). This is because organizations are existing an age whereby consumers possess considerable information about given products and services. Organizations should utilize this awareness to collaborate with customers on the creation of products. In the current set up, organizations can use various tools in communicating with customers. For instance, the e-mail messaging system is helpful in sending information and receiving immediate feedback In addition, the management will consider an open administration framework. Innovation in communication media has given rise to various tools, which can be employed for correspondence (Arthur 2009, P. 56). This allows the enlargement of departments since it is easy to have correspondence among a large group of people. The management has become more visible to employees, as managements can easily utilize communication applications such as WhatsApp groups in communicating information to a large group of individuals simultaneously. It also becomes easy to immediately receive feedback from a corresponding number of people. More essentially, managements will have to form collaborative partnerships with stakeholders in suppliers in achieving