Critical Issues in Business Management

Critical Issues in
Business Management

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Opportunities and challenges in Digital Transformation in the Commonwealth.......................3
Evaluate the impact of COVID-19 on the trade and investment on the fintech sector...............6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Business is the suitable composition of several number of operations that are useful for
each and every company regarding their sustainable operations. For this, it is identified that
organisation tends to face various issues that impact the functioning of company. Every business
face issues and challenges in their functioning and these issues are useful for reviewing the
critical issues for successful running and functioning of company (Liu and et. al., 2018). These
issues are concerned with the finance of company which is undertaken as the life blood cell of
business. It is analysed that business world is full of uncertainties that changes with the course of
time and the results are getting better for the state of ambiguity in market. For this, the report
tends to include the opportunities and challenges which are being faced in digital transformation
in commonwealth and evaluation of the impact of COVID-19 on the fintech sector.
MAIN BODY
Opportunities and challenges in Digital Transformation in the Commonwealth
Commonwealth has historic followed global trade trends that reflect over the significance
of external demand in order to drive for the suitable production in commonwealth member states.
For this, the total trade of commonwealth in goods and services are recovered from the
contradictions which are related with global trade slowdown that leads to experience regarding
the annual growth of 9% and 8% in 2017 and 2018 respectively. For this, commonwealth under
53 states from which 31 are small states that have experienced weak growth in terms of GDP per
capita growth (Soto-Acosta, Del Giudice and Scuotto, 2018). The small states of commonwealth
has high technology exports which are being equivalent to 0.6% of the commonwealth small
states. The primary products and resource based manufactured exports are more significant in
commonwealth small states. By considering the study of recent years, the digital economy leads
to experience new growth by which internet become more accessible to the global population in
2018.