Managerial Challenges of the New Millennium

Journal of Management Research
Volume 1, Number 1 (September- December 2000)
ISSN: 0972-5814 Online ISSN: 0974-455X

Managerial Challenges of the New Millennium

S. Neelamegham

Abstract

As we enter the new millennium, we are on the threshold of a new “Global Age”. Under the impact of globalization, more and more national economies are being integrated with the global economy. Markets are becoming global not only for goods but also for many services. World trade is expanding. Developments in financial markets have been most dramatic.
It is estimated that an average of $ 500 billion cross the world’s foreign exchange markets each day, of which more than 90% are unrelated to trade or investment. There has been a greater global diffusion of technology.

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