Global Business Challenges: Implications of Mega-Trends and Technological Advancements

Global Business
Challenges

Table of Contents
INTRODUCTION ...........................................................................................................................................3
The global mega-trends in regards to the businesses..............................................................................3
The impact of the technological advancements over the businesses......................................................4
The reflection of a company in regards to the impact of the mega-trend. .............................................5
Reflection ................................................................................................................................................6
CONCLUSION ..............................................................................................................................................8
REFERENCES................................................................................................................................................9

INTRODUCTION
The implications of global business challenges are imperative to understand for the
effectual and significant functioning of the commercial businesses. The rumination of the mega-
trends is thereby important for the comprehension of the operations of a viable business. The
shifts in the dimensions of varied aspects associated with the commercial space can be termed as
the generation of the concoction of mega-trends (Batas, 2022). The authoritative effect of these
trends can either be beneficial or prove to be harmful for the operative business ventures. The
presence of the scope of multiple opportunities are there along with the challenges associated
with these global tendencies. This essay will thereby try to illuminate the global mega-trends in
regards to their respective impact and the respective contemplation faced by the chosen
enterprise.
MAIN BODY
The global mega-trends in regards to the businesses.
The idea of the subject matter is considered to be the determination of the course of
effects because of the dynamical changes and shifts in regards to the varied dimension of the
external business environment. The forces operating in the macro economical sphere can have an
epochal influence upon the functioning of the commercial enterprises, these prevailing
tendencies in the economy is considered to be the expressions of the Global business mega-
trends. The Technological shifts and Innovations in the market can be reasoned out to be one of
the most important mega-trend that can have critical effect upon the operations of a business.
The introduction of Artificial Intelligence (AI) and the increasing scope of Robotics tends to
change and transform the way of operations in today's world. The enhancement in the
automation thereby requires major modifications in the requirement of the skills sets of the
employees working for an enterprise (Blechschmidt, 2022).
Healthcare is the very next pivotal sphere of the discussion which contributes towards
the spectrum of the varied changes that are taking place these days. The effect of the pandemic
created definitive impact upon the functioning of the entire economy. The modifications that
were significant for the survival were somehow not present in the health care system of the
nation at the hour of the need. This contributed towards the adoption of innovative and