The implications of technological advancement for managers. An Outlook to 2025

Studienarbeit aus dem Jahr 2015 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Uppsala Universitet, Sprache: Deutsch, Abstract: In this paper I will focus on the challenges that are arising for managers due to technological advancement. According to Andrew McAfee, in a data-driven world the role of managers is going to shift in a direction to figure out where the manager actually can add value and where he should rely on the data and go where it takes him. So this is about rethinking the idea of the managerial intuition. Adding to this in my opinion I think that managers will also be faced with the decision if it is good or bad to replace a large scale of the workforce by robots and other forms of AI. I believe this will be a crucial question by the year 2025 because the exponential development of computer power will create AI and robots that will replace a lot of not only manual but also cognitive professions. In the following I will first give an outlook on the situation in the year 2025. Afterwards I will present positive and negative implications of this development with a special focus on consequences for employment. Reflecting on these implications I will give a tentative answer to the question how managers will tackle the challenge about employing humans or replacing them by machines.