The Need for New Future‐Oriented Management

The challenges of the future require a new discipline, Managerial Futuristics, the role of which is to provide a useful framework for decision making by developing reasonable assumptions about the future, these based on assessment of present conditions, identification of future dangers and opportunities, and evaluation of alternative approaches to policies/issues. The fundamental rules of good management must be retained also, i.e. understanding of people; vision, courage, and creativity; the ability to delegate properly and to make sound decisions; however, these must be allied with knowledge of the advanced technological and managerial tools available, to implement the change process.