Evaluation of the Resource Climate and Sustainability Megatrend and How This Impacts the Business Landscape

Global
Challenges

Contents
INTRODUCTION...........................................................................................................................1
Evaluation of the resource, climate, sustainability megatrend and how it impacts business
landscape................................................................................................................................1
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Business sectors and industries on global scale are affected by international megatrends
which shape the global macroeconomic environment. The megatrend which is the focus of this
essay is resource climate and sustainability megatrend. This essay analysis and provided
evaluative insight on the megatrends and its impacts on international business. Example of
organization which is impacted by this megatrend is included in this essay along with the
challenges introduced by this megatrend and ways of overcoming the challenges to gain
sustained competitive advantage. Impact of resource climate and sustainability on future leaders
and managers is also reflected on this essay.
Evaluation of the resource, climate, sustainability megatrend and how it impacts business
landscape
Megatrends are defined as global transformative forces which shape international
economy, society and business on an international scale (Mirtchev, 2021). These forces are
supported by fact based information and include biggest challenges and opportunities provided
for society. Megatrends are not a new concept and businesses, government agencies and non-
government institutions prepare strategies in order to face megatrends. It is important to
understand the impact of megatrends on the economy by business firms that they are able to take
effective action for exploiting the opportunities introduced by the megatrend and facing the
challenges of the megatrend in an effective manner. Understanding the impact of megatrends on
society and economy provides an insight on the future conditions and requirements of business
management to reduce negative impact of the megatrend and facilitate global development.
Megatrends can be identified by looking at the world economic forum risk report which provides
information multitask holders and global shaping risks along with their impact and likelihood
(Arno, Blaschke and Biewendt, 2021).
The megatrend related to the ongoing climate crisis, resource scarcity affecting society
business and economy is impacting the international business landscape. The importance of this
megatrend is depicted by the domination of environmental topics on the global risk report of the
world economic forum. Half of the top ten risks identified in the global risk export of the world
economic forum are related to environmental issues. This includes risks with high likelihood
such as extreme weather, biodiversity loss, climate action failure, natural disasters and human
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