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A new working environment has been brought up by the 21st century wherein everyone is required to rapidly adapt to continuously changing society with frequently shifting opportunities and demands. In current global scenario, an effective management is crucial for achieving organizational success (Ricketts, 2009). Today’s globalized economy is mainly driven by technology and innovations and thus, organizations must be able to successfully transform themselves accordingly to meet the expectations of their new customers. Organizations today are confronted with a number of challenging opportunities and dramatic uncertainty presented to them by current economy therefore requiring highly knowledgeable and efficient managers.
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