CHALLENGES OF MODERN MANAGEMENT. INFORMATION SYSTEMS IN BUSINESS

With each decade, the number of challenges and problems in business administration and management increases in direct proportion to the rate of economic progress of the world economy. The market type of economy, characteristic of almost all developed countries of the world today, in which the influence of the state on the activities of business entities is minimal, mostly prevented the establishment of control and regulation of their activities. Over time, the main principle of the economy of Western countries became "democratic evolutionism", that is, the gradual solution of problems step by step, based on negotiations and consensus. Recent years have shown that this principle of solving problems does not keep up with the rapid changes in the economy caused by both technological discoveries and unforeseen events. In these circumstances, a large layer of responsibility for stability falls on the shoulders of company management, accordingly, the coverage of modern challenges based on real experience and the analysis of the use of information systems in business is relevant. This article examines the current state and trends of the world economy in the coming years. The main challenges of management are analyzed and highlighted taking into account the current economic situation, cases of management activities on the example of real companies are considered. The role of information systems, their types, advantages and limitations in business are considered. The author's reflection of the prospects of management development with the use of information systems is carried out.