MANAGEMENT CONCEPTS IN MODERN BUSINESS

For an organization to maintain its leadership position and be in a competitive advantage over other organizations, it must implement new concepts of work dictated by rapid technical and technological development, the global market and all the determinants that characterize the modern business world. Modern concepts of operation refer to mutual coordination and integration in the overall operation of organizations, with the aim of achieving effective results and high quality. Modern concepts represent a response to the uncertainty that appears in a life cycle of every organization, that is, every activity represents a significant segment that must be properly treated by the management of that organization. This paper will be useful and will enable organizations to better deal with the modern challenge factor, in order to improve the quality of management of the organization, which will lead to growth and development, greater competitiveness in the market, as well as greater profit which is fundamental driver for further functioning.