Search of new management paradigm in terms of globalization

Abstract

Modern challenges of globalization require full knowledge from the world on a new paradigm of management and updates on this base of management concepts and their implementation in practice. A comparative analysis of new and traditional paradigms of management was conducted. Three levels (parameters) of management philosophy are provided, under which four different philosophies (with the priority rights of the individual, group etc.) are described. Based on this representation, a picture on this philosophy and management models of the new century, which explains the functioning of all types of management in today's globalized world, is constructed. This representation allows us to draw a concept and management model of the XXI century for a specific country - Mongolia. This becomes possible by taking into account various parameters, such as the organization's values, the sources of success, the mechanism of motivating people, the leader's control and personal control etc.