Critical issues in Business Management

Critical issues in Business
Management

Contents
Introduction................................................................................................................................3
Main Body..................................................................................................................................3
Task 1.........................................................................................................................................3
Opportunities and challenges in Digital Transformation in the commonwealth...................3
Task 2.........................................................................................................................................7
Evaluation of impact that COVID 19 have on trade and investment within the healthcare
sector......................................................................................................................................7
Task 3.........................................................................................................................................8
Possible challenge and opportunities the health sector in a commonwealth country within
the context of a changing global trade landscape...................................................................8
Conclusion................................................................................................................................10
References................................................................................................................................11

Introduction
The share of issues is seen by every company. It could feel that you see more than
your fair share sometimes. Although certain difficulties may be exclusive to your company,
many are essential ones facing most entrepreneurs. Since these concerns are so widespread, it
might assist to examine some key topics and see how some of these challenges were dealt
with by successful business owners. These important business difficulties are prevalent and
can be timely solved. The present report is based on highlighting several issues and
challenges faced by healthcare industries of commonwealth countries in the world. Further, it
is determined that there are 54 commonwealth countries in the world out of which in this
meta-analysis UK region is being focused upon (BHARARA, 2020).
Main Body
Task 1
Opportunities and challenges in Digital Transformation in the commonwealth.
As per article published in Commonwealth Telecommunication Organisation, 2019,
throughout three days, from 1 to 3 October 2018, at the Hyatt Regency Trinidad was held the
Commonwealth ICT Forum 2018 organised by the Commonwealth Telecommunications
Organization in partnership with the Trinidad and Tobago Telecommunications Authority.
Commonwealth members and other ICT partners have met to explore the subject of digital
development transformation: people, technologies and processes. This forum offered the
setting for exchanging information and exchange of expertise on existing and developing
technologies, regulatory and policy challenges and on methods to transform and support
domestic growth via the use of IT (Digital transformation is within reach, but urgent
investment is needed for further development, 2019.).
While covering the different topics the Forums have taken a systematic approach. The
first session addressed the significance to the socio-economic landscape and quality of life of
broadband planning. This session also presented the importance of cooperation in developing
strategies, and led effortlessly to a second session, which fostered friendly and open discourse
for the promotion of a favourable investment and growth culture. Three-to-five contemporary
debates on the over-the-top and public service funds' planetary effects on net neutrality.
Round 2, the data protection and privacy problem was highly focussed, and cyber security
began with the cyber security strategy and implementation session. Rest sessions focused on

consumer rights to personal data protection, while discussing advances made across each
industry; consumer and industry advantages; and leverage strengths to avoid risk. Blocchain
and Digital currency Opportunities; General Data protection regulations, and Artificial
Intelligence Definition, Opportunities and Challenging issues (Gonnova and et. al., 2020).
The latest research, the Infosys Digital Radar 2019, was issued by the IT consultant
Infosys and exposes 2018 the digital change maturity of companies all over the world. It also
highlights the next step of their path. Their key contention is that organisations must take
several digital efforts at the same time in order to become digitally advanced. It implies that
UK firms, including nations like the United States and Germany, currently considerably
outperform the worldwide average in their digital transformation. The writers say that the
dominance of Great Britain is mostly led by telecom and technology organisations as 5G is
introduced. They contend as well that digital viewers are more digital initiatives compared
with digital explorers or watchers, the most progressed set of organisations. The visionaries
average around 12 digital projects, with seven more test projects. On average six explorers,
seven more in pilot. One or two digital efforts are being implemented by the watchers, with a
new pair during the trial testing. Several opportunity to the given country i.e. UK in regards
to development of various industries with digital transformation are as follows;
Health: Researchers and professionals have significantly raised the discussion
concerning technology improvements in health. When individuals talk about technological
innovation in health, they discuss cutting operating expenses and increasing efficiency, such
that the patient's experience is favourable. The future of health passes via treatment
uniqueness. Over the last several years, hospitals have spent ever more in technology to make
the diagnosis personalised and efficient, such as telemedicine, neuromedicine, wearable,
electronic diagrams and large data, more and more. Health units rely primarily on virtual
consultations when an expert is not accessible. Telemedicine, for example, allows medical
treatment for inhabitants in remote places. Using wearable gadgets, it is among other
advantages possible to monitor one's own health. The healthcare sector is changing rapidly
and the continuous development of solutions drives the industry. In the end, the digital
change in the health industry makes it possible for individuals to live longer and better lives
(Griffith and Moore, 2020).
Insurance: The insurance sector is better connected, better informed and more active
than ever before. Companies use Digital Transformation to redefine their strategy to keep