Final answer:
In today's marketplace, management is characterized by the increasing recognition of the manager/employee partnership, the shift towards team-based structures, and the importance of innovation and risk-taking.
Step-by-step explanation:
In today's marketplace, the changing nature of management is most likely characterized by the increasing recognition that the manager/employee relationship is a two-way street, with both parties working cooperatively to meet the organization's goals. This trend acknowledges the benefits of an equal partnership and emphasizes the contributions made by both the employee and the supervisor. This is in contrast to traditional hierarchical structures and highlights the importance of teamwork and collaboration.
One key shift in management is the move towards team-based structures, where work is delegated to diverse teams that bring together different skills, experience, and expertise. This approach allows organizations to respond quickly to the changing factors in today's marketplace, such as technology, globalization, and workplace demographics.
Another important aspect of the changing nature of management is the emphasis on innovation and risk-taking to achieve success in the marketplace. Managers are encouraged to explore new territories, try new methods, and take calculated risks to stay competitive in a rapidly evolving business environment.