Modern business operations face not only traditional management issues but also new and unknown challenges such as establishing culture, cultivating agile and adaptable leadership styles, adapting to technology and data-driven environments, effectively addressing global competition, managing diverse teams, and enhancing employee engagement. This article categorizes contemporary business management key issues into five main areas: Technology and Management, Environmental Concerns, Human Nature and Leadership, Socio-cultural Factors, and Macro Environment, and tries to explore their management implications. This research also summarizes contemporary business management into five approaches of utilizing technology responsibly, respecting natural laws, understanding and respecting human nature, understanding and adapting to societal and cultural factors, and fundamentally embracing change. In addition to conventional management approaches, this research aims at drawing insights from Chinese ancient texts such as "The Book of Rites," Zhuangzi, I Ching, and Feng Shui theory to uncover core values and principles for contemporary business management from humanistic classics. By exploring the ancient wisdom of observing the laws governing the universe and interpersonal dynamics, this article intends to find insights from humanistic classics, and tries to suggest the five core values and principles for contemporary business management: practice rational introspection, seek beyond self-interest, harmonize with nature, balance self-interest with altruism in distribution, use humanistic principles and norms to achieve for others, recognize all living things are in the process of changes between yin (positive side) and yang (negative side). This research attempts to embody the essence of contemporary business management for enduring success.

Authors:
Shih-Chi Chang, Weixin Shengjiao College, Taiwan

About the Presenter(s)
Mr Shih-Chi Chang is a University Postgraduate Student at Weixin Shengjiao College in Taiwan

See this presentation on the full schedule – Saturday Schedule

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