In the modern society, there is an increasing need for putting in place effective management systems for any business that needs to make profits (Crossan, 2008). Strategic management is thus a major tool to achieve this. Strategic management calls for putting in place sustainable strategies that can transform organizations thus leading to success (Krosinsky, Robins & Viederman, 2012). There are many transformations that are taking place in the business world that that cuts across a number of issues which include leadership, economics, environment and sustainability of the world (Wirtenberg, Russell, Lipsky & Enterprise Sustainability Action Team, 2009). The basis of collecting literature on the modern trends and transformation in business has considered these most important issues. It has captured the sustainable issues in the economy, climate change, sustainable technologies, sustainable leadership and management and the general organizational sustainability.
The modern business environment calls for a diversity of management so that it can handle changing patterns and trends in the market (Anca & Vázquez, 2006). This calls for management that cuts across all issues in the society also known as multicultural management (Elashmawi & Harris, 1993).The transformations in the modern context of business calls for a close look at leadership and embrace of sustainable ways of development including which includes the adoption of environment friendly technologies in order to attain sustainable development. Thus modern management cannot be separated from issues of leadership (Hitchcock & Willard, 2009). Therefore whenever management is talked about very many issues have to be captured including leadership that cuts across the economy, paying attention to social needs, the environment and other issues that affect the society. Organizations today whether business or non –profit can no longer ignore societal needs as was in the past because it is the society that determines whether the business or the organization will prevail or not.
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