Business management now requires coaches and mentors. We have recently seen many companies fall because they did not focus much on their business management. When we start talking about business management, we can not wrap up the conversation quickly.
The commonly used practices in this field seem to be so out of date and these times have caused many changes in businesses and the way they are managed. Here we discuss the business management topics that you can conduct a study on. So, start reading the top trending business management research topics in 2024.
Top Trending Business Management Research Topics In 2024
Leadership Strategies in the Post-Pandemic Era
The term ‘leadership’ underwent a major redefining and attained a whole new face during the COVID-19 global pandemic. It has led to many changes taking place in the traditional concepts that we had for a leader, a manager, or someone who is in a higher and superior position in a business.
The way the leader leads has changed and this has resulted in various shifts even in minute details related to how a leader handles each thing. Hence, there is a wide scope to reach about the leadership strategies that have taken shape in the post-pandemic era.
An Ideal Work-Life Balance While Ticking Off Every Task
A growing business needs a lot of work to get done. So it becomes crucial to ensure that each employee has a healthy work-life balance. The wellbeing of an employee is the asset of the business and more companies need to prioritize this.
Companies should not be encouraging employees to practice ‘zero leave’ and should be open to making sure that all get their personal day off. There should be medically proven methods to prevent burnout and assist employees in taking care of their mental health.
Conflict Management in Team Spaces
Team management is not just mere guiding and mentoring each individual. These days leaders should have admirable conflict-resolving skills as well. In a period when multiculturalism is being promoted, there is a high chance that people from different cultures will have conflicts.
The businesses should make sure that such conflicts are resolved at the correct time and that no one is carrying a grudge around. A healthy relationship between each employee can not be avoided when it comes to the ideal functioning of a team.
Sustainable and Socially Responsible Business Practices
The need for sustainable and socially responsible business management has never been bigger. It has a growing global emphasis on corporate ethics and serves as an academically relevant topic as well.
Today’s society and businesses demand that companies adopt practices and operations that promote sustainability and encourage each employee to be socially responsible.
Innovations in Supply Chain Management
The practices and workflow in supply chain management have not faced any major or crucial changes in the past many decades. However, it has become the need of the hour that this niche welcomes the newest advances in technology.
It can be either using AI or IoT or many other innovations dominating other fields. More thought needs to be put into what can be done and achieved in supply chain management matching the pace and face of the current tech realm.
Cross-Cultural Management in Global Organizations
2024 is expected to face a boom in business startups and the current technological innovations enable even new startups to build communities from across the globe.
Therefore, it becomes essential that there are well-defined and research-based methods and systems to manage the teams formed of individuals who are from different corners of the world.
The pioneers in businesses have already opened their doors to multi-cultural environments however there is room for more improvements.
The Bottom Line
When you start a business research you can choose quantitative or qualitative research methods based on various criteria such as data collection, purpose, sample size, analysis techniques, and examples of research topics in business management.
While you choose your business management research topic make sure that you select something that you are interested in. The topic selection should not be done in a rush and you should give much thought before you start working on a particular topic.
You can read academic journals and attend events related to the topic to find out more about it and to identify its scope as a research topic.
