Management challenges imposed by the ongoing economic changes

Abstract

There is a structural transformation going on, with effects on our everyday life, due to the rapid technological changes we experience nowadays. This transformation calls for fast and effective answers from the economic actors and leaders. Taylorism brought new methods in the organization of work, but now new ideas are needed in management. This paper analyzes the factors that have been forming the economic sector for the last ten years in Europe, and the reactions these changes have generated. We refer to both the international and the Hungarian context. The conclusion of our theoretical work is that a new, modern economic policy is the key to the higher competitiveness of enterprises.