Final answer:
Managers in modern business structures share knowledge collaboratively with employees, supporting mutual growth within a more flattened hierarchy. As companies grow, personal knowledge of managers by investors becomes less important, while initiative and informed contributions by employees are highly valued.
Step-by-step explanation:
In recent professional dynamics, managers are increasingly acknowledged as collaborative partners rather than just as traditional authoritative figures. This approach fosters a two-way street in knowledge and skill sharing, where both managers and employees work towards the mutual benefit of the individuals and the organization. Managers are encouraged to share their knowledge, support career growth, and facilitate resources, while employees are expected to contribute their unique value and adhere to the organization's goals. As the firm grows and information about its products, revenue, and costs becomes more accessible, manager-investor relationships become less personal and the focus shifts to financial capital contributions from external investors like bondholders and shareholders.
Employees are urged to show initiative by being proactive and tackling issues within their capacity, which is highly regarded by managers in today's fast-paced work environment. To complement the shift in hierarchical structures, employees are expected to form collegial relationships with managers and co-workers and stay informed about the company's priorities to effectively align their contributions.