Future of Management: The Imperatives for Managing a Globally Digitized-Gated Community

Abstract

Current management paradigms that influence the engagements of social and economic institutions have come under serious scrutiny with divided scholarly opinion. In this direction, one school of thought suggests that there should be a total revolutionary attack on the paradigms leading to complete replacement. Conversely, another school is of the opinion that there should rather be a systemic refinement and overhaul of the existing paradigms to better serve the needs of contemporary times. Against this backdrop, we examine in this paper, the pros and cons of the issues raised pertaining to the current wave of management paradigms in light of existing scholarly literature, bringing to fore inherent challenges and imperatives associated with the paradigms, while proposing the way forward for the future of management in this digitized age.