Final answer:
Management is being reshaped by technological advancements, globalization, shifts from manufacturing to service industries, and changes in workplace laws reducing the demand for unions, leading organizations to adopt team-based structures.
Step-by-step explanation:
The factors that are reshaping and redefining management include technological advancements, economic changes, globalization, shifts in workplace demographics, and increased foreign competition.
With significant improvements in communications technologies and the growth of the internet, businesses are now competing on a global scale, impacting local retail markets and business-to-business transactions. Another prominent factor is the shift from manufacturing to service industries, accompanied by a reduced demand for unions due to stronger workplace protection laws.
These changes have required organizations to adapt, often by transitioning towards team-based structures that allow for a more diverse set of skills and experiences to tackle specific tasks and goals.