Modern Trends in Business Management in the Light of Globalization

University of Economics in Bratislava, Faculty of Business Management, Department of Management, Dolnozemska cesta 1/b, 852 35 Bratislava, Slovakia

^* Corresponding author: andrea.cambalikova@euba.sk

Abstract

Research background: Under the influence of globalization and internationalization, corporations are emerging, and competition is taking on an international dimension. For companies, it is becoming necessary to adapt their traditional ways of doing business to the changed situation and new market opportunities, which results in the emergence of new management methods and tools. Research background is based on the results of international survey, which will serve us for the purpose of comparing the state of modern trends in management in the world and in Slovakia.

Purpose of the article: The main purpose of this article is to evaluate the application of modern trends in business management used by managers worldwide, as well as in enterprises in Slovakia, in terms of methods and tools by the implementation management functions and their impact on the enterprises.

Methods: The following scientific methods of research were used in the paper, namely analysis, synthesis, induction, deduction, comparison, and results of questionnaire surveys.

Findings & Value added: The article is dedicated to the results of international surveys, which are aimed at monitoring the behaviour and attitudes of managers, the rate of utilization and satisfaction of various management methods and tools. Successful implementation requires an understanding of their strengths and weaknesses, as well as the ability to creatively integrate the right tools in the right way.