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Critical Issues in Business Assignment (Doc)

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Added on  2020-10-23

Critical Issues in Business Assignment (Doc)

   Added on 2020-10-23

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CRITICAL ISSUES INBUSINESS
Critical Issues in Business Assignment (Doc)_1
Table of ContentsINTRODUCTION................................................................................................................................3MAIN BODY.......................................................................................................................................3THEME 1.............................................................................................................................................3Globalization....................................................................................................................................3THEME 2.............................................................................................................................................4Complexity of business environment-.............................................................................................4THEME 3.............................................................................................................................................5Innovations and competitiveness.....................................................................................................5Theme 4 ...............................................................................................................................................6Leadership and leading Transformational change...........................................................................6Theme 5................................................................................................................................................8Challenge of governance and sustainability....................................................................................8CONCLUSION....................................................................................................................................9REFERENCES...................................................................................................................................10
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INTRODUCTIONCritical issues is main agenda of the business and it directly impacts on the business and itssuccess. Every business has to face issue up to date. Main issue of any organisation is productioncost. This file will include globalization and critical impact on the business in term of resources,competition, constant changes and uncertainty, Complexity of business environment, informationmanagement, risk management, decision making. Innovations and competitiveness that how to stayin the market with facing complex it, changes the nature of firms value chain. Leadership andleading transformation changes, models of organisational transformation, challenges of governmentand sustainability.MAIN BODYTHEME 1GlobalizationShaw and Barry, (2015) stated that It is the process in which an organisation makes theirreputation in all around the world and it is an economic development of the organisation as well ascountry. Globalization makes an organisation reputed and helps in growth of country and GDP rate.It represents technology, trade and investment, informations, Through globalization anyorganisation can make profit due to their products and additional market. Main factors whichconsidered in globalization are technology and policy of public. Economical trend and legal policiesare included in globalization. It makes people aware about the global situation of the country.Impact of globalization on-Business environment- If an organisation faces globalization then it changes their businessenvironment because due to globally business they have to face many of the problems likeresources to spread out the business. It has to face legal formalities because globally spread meansone country to another country so faces responsibilities and legislation and also have to pay moreof the money to the both of the government. Waddell, (2017). Issue also related regarding externalfactors like political, social, technological, economic, legal, environmental. Technology helps tospread out the business, social factors may be affected the organisation because nobody knowsabout the demand of public in another country so it is a risk factor. It can help in positive ways likemergers and joint ventures with other organisations and increase in awareness of people toward thebrand and organisation.
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