CONTEMPORARY MANAGEMENT PRACTICES AND ORGANIZATIONAL EXCELLENCE: CHALLENGES, STRATEGIES, AND FUTURE PERSPECTIVES
DOI:
https://doi.org/10.29121/ShodhPrabandhan.v3.i1.2026.99Keywords:
Organizational Excellence, Contemporary Management Practices, Strategic Leadership, Digital Transformation, Innovation Management, Organizational Resilience, Sustainability, Employee Engagement, Ahp, Topsis, Organizational Excellence Index (Oei)Abstract
Contemporary organizations operate in an increasingly dynamic and technology-driven environment characterized by rapid digital transformation, global competition, workforce evolution, sustainability requirements, and rising stakeholder expectations. Traditional management approaches, primarily designed for stable business environments, often struggle to address emerging challenges related to organizational agility, innovation, resilience, and long-term sustainability. Consequently, achieving organizational excellence has become a strategic priority for organizations seeking to enhance performance, maintain competitive advantage, and create sustainable stakeholder value. This study investigates contemporary management practices and their contribution to organizational excellence by examining key dimensions including strategic leadership, digital transformation, agile management, knowledge management, employee engagement, innovation capability, organizational resilience, and sustainability. A comprehensive review of existing excellence frameworks and management models is conducted to identify current challenges and limitations in organizational performance management. Based on the identified research gaps, an Integrated Strategic Framework for Organizational Excellence is proposed, incorporating leadership excellence, technology integration, innovation and continuous improvement, human capital development, risk management, and sustainability-oriented governance. Furthermore, a quantitative Organizational Excellence Index (OEI) is developed to evaluate organizational performance through multiple dimensions using weighted assessment criteria. The proposed model integrates performance metrics, employee engagement indicators, innovation capability measures, sustainability performance indicators, and Multi-Criteria Decision-Making (MCDM) techniques such as AHP and TOPSIS to support objective excellence assessment and organizational benchmarking. The framework enables organizations to improve strategic decision-making, operational efficiency, adaptability, and stakeholder satisfaction while fostering long-term sustainability and resilience. The findings highlight that organizations adopting integrated, technology-enabled, and human-centric management practices are better positioned to achieve superior performance, innovation leadership, sustainable growth, and organizational excellence in an increasingly complex and uncertain business environment.
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Copyright (c) 2026 Dr. Jetal J. Panchal, Dr. Abhijit Chandratreya, Pramendra Kumar Meena, Dr. Vaibhav Sharma (Author)
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