Question

----------------- are two of the primary challenges facing managers today.

		Managing for a competitive advantage and diversity
		Dealing with union and financial issues
		Dealing with the lack of information and union problems
		Dealing with employee issues and maintaining good records

Answer 1

Managing for a competitive advantage and diversity

The market conditions are more fierce today than they were ever before. There are several competitors and rivals. As a result of which managing competitive advantage has become critical.

As for diversity, globalization has resulted in increase in diversity. Thus, in order to achieve the desired outcomes, the managers have to handle diversity carefully. Utilize the opportunities presented by the workforce diversity and resolve or eliminate the conflicts that may arise due to difference in cultural values.

Managing unions have become comparatively comfortable as there are several rules and regulations for managing them. For managing financial issues, financial consultants are readily available. Lack of information problems are being managed through IT systems. Managers are being adequately trained to tackle employee conflicts and documentation.