Changing Landscape for the Management Professionals of Today

We have seen multifarious changes in business cycles, black swan events like pandemics, recessions, and turmoil of the nature we are seeing in Ukraine and Russia.

- Rajesh Nair

The world has always been in a state of flux. With half a century under my belt in terms of years on Earth, I realise that while several of the events have happened for the first time in my lifetime, history has seen different versions of these in a variety of forms. Perhaps some of the disciplines we broadly classify under ‘Arts’ and relegate to lower status, need a more focused pondering. Management education and the organisational zeitgeist of today needs to incorporate some of this theory into academic textbooks like never in the past.

Several paradigm shifts have occurred in management thought. The pace of change and the relevance of experience is being questioned in every field, as the truisms of yesterday seem like an afterthought today. The experience accumulated over repetitive tasks has limited use today as artificial intelligence mediums are taking over and bringing unprecedented efficiencies there. The entire first wave of digitization has adequately addressed the easy monotonous and set tasks and made them literally ‘hands-free’ or people-free. Artificial Intelligence goes in deeper and builds algorithms of possible outcomes. The entire subject of digital radicalization is not the subject I am delving here and hence I digress.