Question

What are some of the industry-wide changes responsible for the evolution of management contracts?

Answer 1

Industry white changes which are responsible for evolution of Management contracts are as follows-

1. management contracts used to be very risky nature because even in the case of political turmoil these management contracts are needed to be performed by the various executive and that is making them risky so it led to its revolution

2.there were various cases related to compromising of discounts in the airlines industries and it was leading to evolution of the management contact because there was a proper discounting mechanism that was needed for appropriate management contracts

3. Hiring of outsider contractor was another factor which lead to evolution of Management contract

4 .handling of privacy and confidentiality about business in a better way was another factor which was responsible for evolution of Management contracts

5. Inclusion of Management facility and human resource management was also important along with technical operation and these was leading to evolution of Management contract.