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Challenges Faced by Business Organisation

   

Added on  2020-06-03

8 Pages2301 Words75 Views
FinanceProfessional DevelopmentPolitical Science
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CHALLENGES OFANORGANISATION
Challenges Faced by Business Organisation_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................1Challenges or issues faced by business organisation .................................................................1CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONIn this competitive era, it is difficult for business organizations to remain for long termperiod in market competition. Due to globalisation, there are several companies are being enteredin market and effect the business of other organizations. It can also hamper their workingactivities and operations (Nunan, Campbell and Foster, 2012). The present report is based uponWALMART; its multinational retail cooperation that operates a chain of supermarkets andgrocery stores. Apart from this, the report will be describe different challenges that are beingfaced by organisations and how to reduce them. TASK Challenges or issues faced by business organisation There are several issues and challenges are encountered by business organisationsthroughout to manage their working activities. These issues can affect the working activities andpractices of a corporate association also hamper its profits and sales revenues. WALMART isone of the largest retailing sector as it operates 11500 stores and clubs in over 30 countries. It isalso a known leading company by sales revenue, i.e. approximately US$500 billion as well as itis also known largest private employer over the world, i.e. 2.3 million employees. But due to theinvolvement of some internal and external factors there are several issues are being faced by thecompany that can affect its sales and profitability over the world. Below describe are the severalchallenges that are faced by business units, such are as- Globalisation – The concept of globalisation is become major issue for running abusiness, during the last few decades. The phenomenon also hinder an economy, society,business life as well as an environment in various ways (Daniell, 2012). Along with this,globalisation is concern with increasing market competition, changes in technology as well asdata or information transfer. For example- in UK, due to globalisation many companies areentered in retail industry of the country that can hamper profitability of other organisations also.If a new company will entered in market then existing companies have to reduce their prices ofits products and services through which it cannot achieve goals and objectives from targetmarket. Due to higher prices of goods, customers will not attract towards them then it reducesprofitability and sales of the firm in an adverse manner. In addition, strong and developedeconomies continuously exploit underdeveloped nations on the name of business sharing. Thenumber of manufacturing industries is raising day by day, it increases pollution because intensive1
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