MGT503 Short Lecture - 13 | VU Short Lecture | 21st Century Management Trends in (Urdu / Hindi)

Lecture No. 13 of the Principles of Management course focuses on important topics such as 21st Century Management Trends, Corporate Social Responsibility (CSR), Social Responsibility, Social Obligation, Social Responsiveness, Ethics, Utilitarian view of Ethics, Right view of Ethics, Justice view of Ethics, Integrative view of Ethics, E-Commerce, and E-Business.
During this lecture, students delve into the emerging trends and challenges faced by managers in the 21st century. They explore how technological advancements, globalization, changing workforce dynamics, and evolving customer expectations have influenced the practice of management. The lecture highlights the need for managers to adapt to these trends and adopt innovative approaches to stay competitive in the contemporary business landscape.
Corporate Social Responsibility (CSR) is a crucial aspect covered in this lecture. Students learn about the responsibilities of organizations towards society, the environment, and stakeholders beyond their financial performance. The lecture explores the concepts of social responsibility, social obligation, and social responsiveness, emphasizing the importance of ethical behavior and sustainable practices in the business world.
Ethics is another focal point of this lecture. Students are introduced to different ethical frameworks and perspectives that guide decision-making processes in organizations. The utilitarian view of ethics, which focuses on maximizing overall happiness or utility, is explored, along with the right view of ethics, which emphasizes adherence to moral principles and individual rights. The justice view of ethics, which centers around fairness and equitable distribution, and the integrative view of ethics, which seeks to balance various ethical considerations, are also discussed.
Additionally, the lecture delves into the realm of E-Commerce and E-Business, considering the impact of technology and the internet on business operations and strategies. Students learn about the opportunities and challenges associated with conducting business electronically, such as online transactions, digital marketing, and supply chain management. The lecture highlights the importance of understanding and leveraging technology to gain a competitive advantage in the digital era.
Throughout the lecture, students are encouraged to critically analyze and discuss real-life examples, case studies, and contemporary issues related to these topics. They are challenged to think ethically, consider social responsibilities, and evaluate the implications of management decisions in a rapidly changing business environment.
By the end of Lecture No. 13, students should have a comprehensive understanding of the 21st-century management trends, the significance of corporate social responsibility, different ethical perspectives, and the role of technology in shaping business practices. They should be equipped with the knowledge and skills necessary to navigate the complexities of modern management and make informed decisions that align with ethical and socially responsible principles.
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