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Contemporary Business Issues

   

Added on  2021-02-20

10 Pages3256 Words63 Views
Higher EducationLanguages and Culture
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Contemporary BusinessIssues
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Table of ContentsINTRODUCTION...........................................................................................................................1CONTEMPORARY BUSNESS ISSUES.......................................................................................1CONCLUSION ...............................................................................................................................6REFERENCES................................................................................................................................7Books and Journals.....................................................................................................................7
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INTRODUCTIONChallenges and problems faced by the enterprise during the course of on,going or longterm are defined as business issues. Business issues restricts the company from implementingand executing strategies that lead the company towards new innovative ideas that enable thecompany to grow in the global market. Business issues like Corporate Social Responsibility alsoaffects the functioning of the company as company will have to make expenses for complyingwith the CSR standards. Though it is the responsibility of the business to benefit the society backas it is using the resources of the society for its personal benefit(Hugo-Burrows, 2015). The mainbusiness issues will be analysed and the possible remedial measures will be covered in the belowessay with the help of examples.CONTEMPORARY BUSNESS ISSUESIn today's world starting a business is considered to be the easy method that anyindividual can start but the realities are something different from the theoretical notions. Abusiness has to undergo various phases and to face various challenges to gain a standing andposition in the market. Business issues that an enterprise face cannot be defined briefly it is avery broad field but there are some issues which every enterprise has to face after entering intothe business. Today there are many business that have number of innovative ideas that canchange the whole main frame of the company than, what are the reasons that restricts them forimplementing and executing those ideas(Contemporary Business Issues, 2019). Company structure of the business is a matter of consideration for very business which isoperating or is planning to expand over the international market. The company have to prepareteams that are ready to take up the challenges in the global market. It is not an easy task as thecompany will be required to hire market experts of the regions who can help the company inachieving its goals and objectives. Laws and regulations have always been an issue for the globaland national businesses(Haynes, 2017). Businesses have to gain effective understanding of therules and regulations of the countries and have to comply with the norms both at the national andinternational level, it costs businesses sometime very high to comply these legal regulations.Another issues that businesses face is maintaining accounting records which is a both nationaland international necessity and the companies having global businesses have to maintainaccounts as per country norms in which they are operating and also as per their home-town. As itprovides the base for the business to take managerial and other expansion decisions. Pricing is an1
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