HRM Assignment 6

21st -Century Corporation

What is Corporation???

A legal entity separate from the persons who own it or the persons who manage or operate it. In British tradition it is the term designating a body corporate, where it can be either a corporation sole (an office held by an individual natural person, which is a legal entity separate from that person) or a corporation aggregate (involving more persons). In American and, increasingly, international usage, the term denotes a body corporate formed to conduct business, and this meaning of corporation is discussed in the remaining part of this entry (the limited company in British usage).

For me, I think our future would be more improving in terms of new technologies….

• Modern Inventions

We are now getting close to a decade into the 21st century. The last 100 years or so have really seen the rise of some of the greatest inventions that have ever come our way. There are also some notable 21st Century inventions, although there are not as many as we have seen in previous years. The inventions of the 21st century mainly revolve around things such as the personal computer and the Internet. These things will continue to be developed and improved upon throughout the coming century.

One of the most notable 21st Century inventions, if you would like to call an invention is that of Google. This is probably a company that has had an impact on more people's lives than any other. Yes, Microsoft certainly has their place in history as well as other companies, such as IBM but Google is a thriving company that continues to bring out new products and ideas on a regular basis. For example, page rank is one of the inventions of the 21st century that most of us tend to gloss over. The fact of the matter is, page rank is one of the determining factors that show how well a website is going to rank in the Google index. Without page rank, the results that you get from the search engine would be far less accurate.
Another one of the 21st Century inventions is a type of artificial heart. Known has the AbioCor heart, it is one of the first fully artificial hearts that is in existence. The first patient that receive one of these hearts lived for 151 days after the transplant. There are still some problems with this particular technology, such as the heart being rather large but as new methods of miniaturization of components take place, the heart may become smaller. It certainly is a large step forward in the replacement of such a vital organ.
The inventions of the twentyfirst century will no doubt continue to give us things that we need in order to thrive. It will be interesting to see where the new agent technology that we are now living in will take us.

• THE GREAT TRANSFORMATION

The impact of global climate change is not limited to specific areas of our lives. With its social, cultural, economic and psychological implications, climate change represents a shift towards a new era, which concerns all levels of the global community: markets and mindsets, global cooperations and democracy. To embrace this complexity the
The global economy of the coming recovery may well look very different from the global economy of the last expansion. Every business cycle leaves its mark on both the nature of business and the role of government in the economy. Not since the 1930s have we seen the government policy response to a recession as transformative as the response by the U.S. government to the current recession. Going forward, the U.S. government is going to have a much larger role with the issues of governance, green economics, energy and transparency taking center stage.

• Becoming Successful 21st Century Corporations

The Globalisation and Internet are the two major forces that are responsible for the radical changes that are going on among the business firms in Asia. Successful 21st century corporations responded
well to the threats and opportunities of the business environment. What makes these corporations different? Its the effective management systems in place that is responsible for their success.

• New Leadership

In recent years, top corporate executives have reaped a pay bonanza without precedent in the long and sweaty history of working for a living. Is today's boss overpaid? Probably, but to whom much has been given, even more will be expected. The job of leading a company has never been more demanding, and it will only get tougher in the 21st century. The CEO will retain ultimate authority, but the corporation will depend increasingly on the specialized skills of a host of subordinate leaders. Long live the chief of customer relations, the chief of knowledge, the Web chief! The accelerated pace and complexity of business will continue to force corporations to push authority down through increasingly horizontal management structures. In the future, every line manager will have to exercise leadership's prerogatives--and bear its burdens--to an extent unthinkable a generation ago.



Sources:
http://www.inventionpop.com/21stcenturyinventions.html
http://en.wikipedia.org/wiki/Corporation
http://www.adb.org/Documents/Reports/Water/emerging_global.asp
http://www.businessweek.com/2000/00_35/b3696014.htm


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