Final answer:
Changes in the workplace and changes in the workforce, driven by globalization and technological advancements, are two major factors reshaping management.
Step-by-step explanation:
Two significant factors reshaping management are changes in the workplace and changes in the workforce. The shift from manufacturing to service industries, the force of globalization, and increased competition from foreign producers, along with a reduced desire for unions due to workplace protection laws now in place, are causing these changes.
As organizations face rapid shifts due to technology advancements, economics, and demographics, they respond by adopting more flexible structures like work teams to bring together diverse skills and expertise, which can improve responsiveness and innovation.
Furthermore, advancements in communication technologies, such as the Internet, have enabled consumers to engage in transactions worldwide, intensifying competition and affecting local businesses. Markets for business supplies have also been transformed as 'business-to-business' websites facilitate global interactions between buyers and suppliers, showcasing how interconnected technology and globalization are in defining current market dynamics.