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new challenges to the management theory and practiceSubjective
The last 50 years caused a major transformation in the industrial landscape. The manager's emphasis shifted to service and ultimately to knowledge management from production and technology management. The web has revolutionized the way business is conducted across borders and cultures and knowledge easily accessible was also made by it. Entrepreneurs now have a way to reach markets world-wide at little cost. This has given more negotiating power symmetry to knowledge workers than before and places them at a brand new stronger standing due to lower capital requirements to set a bu... Read more