Contemporary Management Issues: A Literature Review

Contemporary Management Issues
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Table of Contents
Task 1.........................................................................................................................................3
Literature Review.......................................................................................................................3
Introduction................................................................................................................................3
The key dynamic forces affecting business and society............................................................3
Dynamic Forces to influence strategic Decision Making Process.............................................4
The Drivers of Social Changes..................................................................................................5
International Dimensions...........................................................................................................6
Social and Cultural Diversity.....................................................................................................7
Summary....................................................................................................................................7
References..................................................................................................................................9
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Task 1
Literature Review
Introduction
The aim of the literature review is to discuss responses of the key dynamic forces of the
contemporary business world. The social and business environment changes are effective to
the strategic decision making process of the organizations. The organizational functions are
interdependent on the current market research report at their strategic decision making
process. The international business world is facing multiple issues to operate their business in
the international competitive market. The international dimensions like culture and political
regimes increase the product quality and design in the international context. The business
environment is closely interrelated to the social and cultural diversity. The rapid growth of
globalization and industrialization are radically changing the contemporary business
environment. The contemporary business environment is regularly facing several issues to
grow up in the current competitive market. The literature review aims to discuss the issues of
current business environment and its diversity. The social and cultural diversity is another
part to influence the international business platform. The literature review is the details study
of interrelationship between business and social changes which are related to the
contemporary issues of current business environment.
The key dynamic forces affecting business and society
The current business world is affecting with several key dynamic forces of the international
business platform. The organizations have market influences and resources to effect the
positive changes of the business. The current business environment implies the external
forces, institutions and factors, which are beyond the control of individual organization.
These factors affect the small business enterprise. Through the supply chain management,
products labelling, corporate philanthropy, cause marketing and employee coordination helps
the organization to gain sustainable growth in the business environment. The external forces,
which influenced several business organizations, are competitors, local governments,
creditors, socio-cultural organizations, several political parties and others. Some forces affect
eth business organizations directly and some affect indirectly. The current business
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