Business: Theory and Practice 7(4): 213-221, doi: 10.3846/btp.2006.26
Management of Business Organizations in the Context of Globalization: Theoretical Approach
expand article infoAntanas Seilius, Ligita Šimanskienė
Open Access
The article analyses various approaches and the main management theories: their advantages, shortcomings, real possibilities of use by managers of companies and entrepreneurs, seeking to ensure competitiveness in the global markets, realising the objectives and obtaining optimal economical and social benefits, increasing potential of the staff due to acquired new skills and knowledge, which in turn allows for even more rapid implementation of innovations that facilitate gaining a foothold and developing the activities in the most expedient/profitable businesses and individual niches.
The author provides the universal model of leadership/management in organisation, which could be successfully used for organisation management by any manager who has appropriate theoretical and practical background.


globalisation; market; management; challenge; cult