Taylor Gazdálkodás- és Szervezéstudományi Folyóirat 2019/2. szám (No. 36) 24 MANAGEMENT CHALLENGES IMOSED BY THE ONGOING ECONOMIC CHANGES IMOLA CSEH PAPP associate professor Szent István University, Faculty of Economics and Social Sciences Gödöllő GABRIELLA KECZER PhD associate professor University of Szeged, Faculty of Pedagogy Szeged ABSTRACT There is a structural transformation going on, with effects on our everyday life, due to the rapid technological changes we experience nowadays. This transformation calls for fast and effective answers from the economic actors and leaders. Taylorism brought new methods in the organization of work, but now new ideas are needed in management. This paper analyzes the factors that have been forming the economic sector for the last ten years in Europe, and the reactions these changes have generated. The analysis is focused on the changes in the economic and social environment. We refer to both the international and the Hungarian context. The conclusion of our theoretical work is that a new, modern economic policy is the key to the higher competitiveness of enterprises. 1. Introduction The ideas of Frederick Winslow Taylor (1856-1915) were born in the era of the second industrial revolution, and since then, there have been a lot of changes in the world of work. But his principle stated in 1911 is still valid: the basic task of management is the fostering of the well-being of both employers and employees. On the long run, leaders can be successful only if they contribute to the prospering of their workers and vice versa. (Koronváry, 2008; Krisztián, Nemeskéri, 2014). Our research question is: How management and leadership have been affected by the latest changes in the economic and social environment. 2. A new economic environment 2.1. Industry 4.0 Technologies of industry 4.0 redefine jobs, for the knowledge and skills that are needed in carrying out the different tasks has been changing. Consequently, brought to you by CORE View metadata, citation and similar papers at core.ac.uk provided by SZTE OJS Journals (University of Szeged / Szegedi...