Management as Science emerged back in the early 20th century and focused on productivity and performance through standardization, division of labour and hierarchy. In the 1970s, the focus changed to resource allocation and tools like Strategic Planning (G.E.), Growth-Share Matrix (BCG) and SWOT to formalize decisive planning processes. Benchmarking and business process reengineering became prevalent in the 1990s, and by the 2000s, organisations started to focus on using technology for creation driven under the influence of Big Data. Scope: India & Global Global competition is transforming the relationship between management education and business. The accelerated technological changes, while making transactions more seamless, will augment the process of global integration. It… Read More
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