International Journal of Research in Economics and Social Sciences
  • Year: 2015
  • Volume: 5
  • Issue: 11

Required features of the modern enterprise-new challenges for management sciences

  • Author:
  • Slawomir Czarniewski

University of Management in Bialystok, Ul. Sobieskiego 3A 15–013, Bialystok, Poland

Online published on 19 May, 2016.

Abstract

Contemporary organizations must usually operate in conditions of much greater environmental volatility than in the past. This environment is always changing, but nowadays the pace of change has taken the form of a geometric progression. In such a situation, the challenge for modern management science is to seek solutions in organizational structures and management systems that meet the requirement of flexibility. Flexibility, understood as the ability to change quickly, is essentially expressed as the ability of a system to react to disturbances by external impulses to its existing stability. A reaction of this type means that the system, or organization, is able to adapt (change) its structure and mode of action by accepting various forms and formulas of execution. The aim of this study is to show the desired features of a modern organization as a response to the volatility of the market environment. The author of this study would also like to signal new challenges for management science arising from the business processes mentioned above.

Keywords

Management, flexibility of enterprises, competition, business model, market