The technique of managerial activity as a tool of a modern effective manager

Serhii Kubitskyi; Olga Sychuk; Oleksandr Tarasiuk; Lyudmyla Khromushyna; Tetiana Stanko

doi:10.31893/multirev.2024spe065

Keywords:

sustainable development

sustainability

Abstract

This study's relevance stems from the advent of paradigmatic shifts in the business environment, which have given rise to a pressing need to transform approaches to managerial activity and applied tools. Furthermore, the significance of this field of study is reinforced by the growing integration of sustainable development discourse into organisational contexts and management practices. The objective of this article is to provide a systematic analysis of the core implications of the contemporary business environment for managers, with a particular focus on the role of sustainability in the effective practice of modern management. The research is based on an evolutionary (dialectical) and systemic approach. This article demonstrates the superiority of the sustainability paradigm as a foundation for the implementation of various new managerial approaches and tools. The findings identify the key areas that new managers must prioritize to succeed and describe the tools and systems that underpin sustainable management practices. In particular, the role of digital transformation and big data business analytics is discussed. The conclusion asserts that there is a dearth of profound scientific comprehension of the processes delineated in the article, as well as a paucity of unambiguous definitions and reasoned discourse. This underscores the necessity for collaboration between the business and academic communities in conducting pertinent investigations and fostering advancements in this domain.
References
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8. Bondarenko, S., Halachenko, O., Shmorgun, L., Volokhova, I., Khomutenko, A., & Krainov, V. (2021). The effectiveness of network systems in providing project maturity of public management. TEM Journal, 10(1), 272–282. https://doi.org/10.18421/TEM101-34
9. Buble, M. (2015). Tendencies in evolution of 21st century management. Management, 20, Special Issue, 1–17. https://hrcak.srce.hr/file/205131 Accessed on October 18, 2024.
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26. Khan, R.U., Saienko, V., & Tolchieva, H. (2021). Dependence of the company’s reputation and the quality of customer relations. Economic Studies journal, 2, 159-176.
27. Klochan, V., Piliaiev, I., Sydorenko, T., Khomutenko, V., Solomko, A., & Tkachuk, A. (2021). Digital platforms as a tool for the transformation of strategic consulting in public administration. Journal of Information Technology Management, 13, 42–61. https://doi.org/10.22059/JITM.2021.80736
28. Kontić, L., & Vidicki, Đ. (2018). Strategy for digital organization: Testing a measurement tool for digital transformation. Strategic Management, 23(1), 29–35. https://doi.org/10.5937/StraMan1801029K
29. Kren, L. (2018). Activity Based Management (ABM) and control system design. Accounting and Finance Research, 7(2), 61–64. https://doi.org/10.5430/afr.v7n2p61
30. Kurucz, E. C., Colbert, B. A., Lüdeke-Freund, F., Upward, A., & Willard, B. (2017). Relational leadership for strategic sustainability: Practices and capabilities to advance the design and assessment of sustainable business models. Journal of Cleaner Production, 140, 189–204. https://doi.org/10.1016/j.jclepro.2016.03.087
31. Lopatynskyi, Y., Belei, S., Kapelista, I., & Pavlyshyn, M. (2023). The Effectiveness of the Management System in the Conditions of War and its Influence on the Development of Agribusiness. Review of Economics and Finance, 21, 932–940. https://doi.org/10.55365/1923.x2023.21.102
32. Marshall, R. S., & Brown, D. (2003). The strategy of sustainability: A systems perspective on environmental initiatives. California Management Review, 46(1), 101–126. https://doi.org/10.2307/41166234
33. Matt, C., Hess, T., & Benlian, A. (2015). Digital transformation strategies. Business & Information Systems Engineering, 57(5), 339–343. https://doi.org/10.1007/s12599-015-0401-5
34. Mumo, F. (2023). ESG in business: A comprehensive guide to environmental, social, and governance. GRIN Verlag.
35. Nawaz, W., & Koc, M. (2019). Exploring organizational sustainability: Themes, functional areas, and best practices. Sustainability, 11, 4307. https://doi.org/10.3390/su11164307
36. Neubaum, D. O., & Zahra, S. A. (2006). Institutional ownership and corporate social performance: The moderating effects of investment horizon, activism, and coordination. Journal of Management, 32, 108–131. http://doi.org/10.1177/0149206305277797
37. Peters, T. (2008). U potrazi za izvrsnošću. Profil.
38. Peters, T., & Waterman, R. (1982). In search of excellence: Lessons from America’s best run companies. Harper and Row.
39. Qazi, R., & Sher, A. (2016). Big Data applications in businesses: An overview. The International Technology Management Review, 6(2), 50–63. https://doi.org/10.2991/itmr.2016.6.2.3
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44. Szatvanyi, G. (2023). The great digital transformation: Reimagining the future of customer interactions. Forbes Books.

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to cite

Kubitskyi, S., Sychuk, O., Tarasiuk, O., Khromushyna, L., & Stanko, T. (2024). The technique of managerial activity as a tool of a modern effective manager. Multidisciplinary Reviews, 8, 2024spe065. https://doi.org/10.31893/multirev.2024spe065

[1] Alkhodary, D. (2023). Integrating sustainability into strategic management: A path towards long-term business success. International Journal of Professional Business Review, 8(4), 1–32. https://doi.org/10.26668/businessreview/2023.v8i4.1627

[2] Ayhan, M., & Oztemel, E. (2014). A methodology to measure the degree of managerial innovation. Journal of Industrial Engineering and Management, 10(1). http://doi.org/10.3926/jiem.927

[3] Baalmas, B., Broekhuizen, T., & Fabian, N. (2020). Digital transformation: A guide for managers. Groningen Digital Business Center.

[4] Baskoro, G. (2023). From VUCA to BANI: A Challenge of Strategic Environment for Higher Education in Indonesia. In Proceedings of the 3rd International Conference on Business and Engineering Management (ICONBEM 2022). Series: Advances in Economics, Business and Management Research, 249, 229–235.

[5] Bayev, V. V., Bakhov, I. S., Mirzodaieva, T. V., Rozmetova, O., & Boretskaya, N. (2022). Theoretical and methodological fundamentals of the modern paradigm of quality management in the field of tourism. Journal of Environmental Management and Tourism, 13(2), 338–345. https://doi.org/10.14505/jemt.v13.2(58).04

[6] Berenyi, L. (2014). Management challenges in the 21st century. LAP LAMBERT Academic Publishing.

[7] Bhat, R., & Sharma, A. (2019). Corporate sustainability practices and financial performance: Evidence from Indian firms. International Journal of Professional Business Review, 4(2), 9–20. http://dx.doi.org/10.26668/businessreview/2023.v8i10.3606

[8] Bondarenko, S., Halachenko, O., Shmorgun, L., Volokhova, I., Khomutenko, A., & Krainov, V. (2021). The effectiveness of network systems in providing project maturity of public management. TEM Journal, 10(1), 272–282. https://doi.org/10.18421/TEM101-34

[9] Buble, M. (2015). Tendencies in evolution of 21st century management. Management, 20, Special Issue, 1–17. https://hrcak.srce.hr/file/205131 Accessed on October 18, 2024.

[10] Bucata, G., & Rizescu, M. (2019). Considerations regarding the modern managerial methods and techniques used at the level of the organization. Journal of Defense Resources Management, 10(1), 152–162. http://dx.doi.org/10.1515/kbo-2017-0072

[11] Burkus, D. (2017). Under new management: How leading organizations are upending business as usual. Harper Business.

[12] Busulwa, R. (2023). Navigating digital transformation in management. Routledge. https://doi.org/10.4324/9781003254614

[13] Byrkovych, T., Humenchuk, A., Kobyzcha, N., Akimova, L., Grinberg, L., & Akimov, O. (2023). Economic effectiveness of state policy in reforming higher library and information education in Ukraine. Economic Affairs (New Delhi), 68(1), 599–616. https://doi.org/10.46852/0424-2513.1.2023.28

[14] Charette, C.-J. (2024). Management and leadership in a BANI environment. Technologia. https://www.technologia.com/en/blog/articles/management-and-leadership-in-a-bani-environment Accessed on October 18, 2024.

[15] Cho, H., Lee, J., & Kim, S. (2017). Strategic planning for sustainability: Enhancing organizational resilience and responsiveness. Sustainability, 9(10), 1797. https://doi.org/10.3390/su9101797

[16] da Silva, J., & Santos, G. (2022). The applicability of management theories in the BANI world: A look at the theories in today’s world. Our Knowledge Publishing.

[17] Del Giudice, V., De Paola, P., Manganelli, B., Forte, F. (2017). The monetary valuation of environmental externalities through the analysis of real estate prices. Sustainability, 9(2), 1-16. httrps://doi.org/10.3390/su9020229

[18] Dwyer, D. (2019). Managing in a 21st century organization. Kendall Hurt Publishing.

[19] Garcia, S., Cintra, Y., de Cássia, S., & Lima, F. G. (2016). Corporate sustainability management: A proposed multi-criteria model to support balanced decision-making. Journal of Cleaner Production, 136, 181–196. https://doi.org/10.1016/j.jclepro.2016.01.110

[20] Geelen, T., Hajda, J., & Starmans, J. (2023). Sustainable organizations. European Corporate Governance Institute – Finance Working Paper,994/2024. http://doi.org/10.2139/ssrn.4242137

[21] Grand View Research (2019). Enterprise data management market size, share & trends analysis report by end-use (BFSI, Healthcare), by component (Software, Services), by deployment, by enterprise size, by services, by region, and segment forecasts, 2023–2030. https://www.grandviewresearch.com/industry-analysis/enterprise-data-management-market. Accessed on October 18, 2024.

[22] Hart, S. L., & Milstein, M. B. (2003). Creating sustainable value. Academy of Management Perspectives, 17(2), 56–67. http://doi.org/10.5465/AME.2003.10025194

[23] Henisz, W., Koller, T., & Nuttail, R. (2019). Five ways that ESG creates value. McKinsey Quarterly, November.

[24] Hidalgo, A., & Albors, J. (2008). Innovation management techniques and tools: a review from theory and practice. R&D Management, 38(2), 113–127. https://doi.org/10.1111/j.1467-9310.2008.00503.x

[25] Ioannou, I., & Serafeim, G. (2021). Corporate sustainability: A strategy? Harvard Business Review. Working Paper 19-065.

[26] Khan, R.U., Saienko, V., & Tolchieva, H. (2021). Dependence of the company’s reputation and the quality of customer relations. Economic Studies journal, 2, 159-176.

[27] Klochan, V., Piliaiev, I., Sydorenko, T., Khomutenko, V., Solomko, A., & Tkachuk, A. (2021). Digital platforms as a tool for the transformation of strategic consulting in public administration. Journal of Information Technology Management, 13, 42–61. https://doi.org/10.22059/JITM.2021.80736

[28] Kontić, L., & Vidicki, Đ. (2018). Strategy for digital organization: Testing a measurement tool for digital transformation. Strategic Management, 23(1), 29–35. https://doi.org/10.5937/StraMan1801029K

[29] Kren, L. (2018). Activity Based Management (ABM) and control system design. Accounting and Finance Research, 7(2), 61–64. https://doi.org/10.5430/afr.v7n2p61

[30] Kurucz, E. C., Colbert, B. A., Lüdeke-Freund, F., Upward, A., & Willard, B. (2017). Relational leadership for strategic sustainability: Practices and capabilities to advance the design and assessment of sustainable business models. Journal of Cleaner Production, 140, 189–204. https://doi.org/10.1016/j.jclepro.2016.03.087

[31] Lopatynskyi, Y., Belei, S., Kapelista, I., & Pavlyshyn, M. (2023). The Effectiveness of the Management System in the Conditions of War and its Influence on the Development of Agribusiness. Review of Economics and Finance, 21, 932–940. https://doi.org/10.55365/1923.x2023.21.102

[32] Marshall, R. S., & Brown, D. (2003). The strategy of sustainability: A systems perspective on environmental initiatives. California Management Review, 46(1), 101–126. https://doi.org/10.2307/41166234

[33] Matt, C., Hess, T., & Benlian, A. (2015). Digital transformation strategies. Business & Information Systems Engineering, 57(5), 339–343. https://doi.org/10.1007/s12599-015-0401-5

[34] Mumo, F. (2023). ESG in business: A comprehensive guide to environmental, social, and governance. GRIN Verlag.

[35] Nawaz, W., & Koc, M. (2019). Exploring organizational sustainability: Themes, functional areas, and best practices. Sustainability, 11, 4307. https://doi.org/10.3390/su11164307

[36] Neubaum, D. O., & Zahra, S. A. (2006). Institutional ownership and corporate social performance: The moderating effects of investment horizon, activism, and coordination. Journal of Management, 32, 108–131. http://doi.org/10.1177/0149206305277797

[37] Peters, T. (2008). U potrazi za izvrsnošću. Profil.

[38] Peters, T., & Waterman, R. (1982). In search of excellence: Lessons from America’s best run companies. Harper and Row.

[39] Qazi, R., & Sher, A. (2016). Big Data applications in businesses: An overview. The International Technology Management Review, 6(2), 50–63. https://doi.org/10.2991/itmr.2016.6.2.3

[40] Sanchez-Garcia, J., & Hernandez-Sanchez, B. (2021). Sustainable organizations: Models, applications, and new perspectives. Intechopen.

[41] Schank, M. (2023). Digital transformation success: Achieving alignment and delivering results with the process inventory framework. Apress. https://doi.org/10.1007/978-1-4842-9816-9

[42] Semenets-Orlova, I., Shevchuk, R., Plish, B., Grydiushko, I., & Maistrenko, K. (2022). Innovative approaches to development of human potential in modern public administration. Economic Affairs (New Delhi), 67(4), 915–926. https://doi.org/10.46852/0424-2513.4s.2022.25

[43] Silva, C., & Gouveia, J. (2016). A process to implement the sustainability in organizational management: Support tools. International Journal of Business and Social Science, 7(8), 186–200.

[44] Szatvanyi, G. (2023). The great digital transformation: Reimagining the future of customer interactions. Forbes Books.

Abstract

References

How to cite