Contemporary Business Issues: Cryptocurrency and Buyer Behavior

This report delves into contemporary business issues, examining the evolution of business practices, the impact of cryptocurrency, and ethical considerations. It explores the definition of contemporary business, incorporating strategic alliances, virtual offices, and corporate social responsibility. The report analyzes the role of cryptocurrency in modern finance, its benefits, and its challenges, including its influence on buyer behavior. It also addresses ethical issues such as discrimination and the gender wage gap. The report references various online sources to support its arguments, offering a comprehensive overview of the dynamic landscape of contemporary business and the integration of cryptocurrency.

Contemporary issues in
Business

INTRODUCTION
The contemperay business is means about the belonging towards the same period of time
that having proper understanding as the business environment creates vast competitive market as
well as it keeps to changing at very fast pace of owner of such business that having must eligible
enough to develop better competitive market. As such business owners must have business sense
and effective understanding about to develop different types of development that uses in business
for attain positive outcomes. The issues that comprise about business faces such as finances,
land, labour and other trends like mergers and acquisition and facing drastic challenges at the
time of investment related.
As per this essay report, in this different literature review are constructed within the
perspective of contempary issues of business as well as cryptocurrency role in business and how
their buyer behaviour react on it. Further more it defines about the benefits, challenges,
importance about cryptocurrency business where it tends to reflect as digital assets that desiged
to work as medium of exchange wherein individual role of ownership records are stored within
the ledger that having existing on form of computerised. The role of crypocurrency in business
that it changes the financial faces of business and even individual. The revolutionism within the
process to perform the transaction, invest or raise capital value. It is the replacing about the need
of physical money that effectively perform towards interests in bank towards highest interest
loan. Also discuss about the impact of Crypto currency on business which will grow consumer to
better adopt crypto. Due to Covid-19 enhance high tide of economic fall down in which
recession of extended as well as there was a fall of economic values of country.
MAIN BODY
To understand the concept of Contemporary Business.
As per the view point of Osmand Vitez, 2021, a contemporary business is defined
form as a traditional business form which includes a combination of up-to-date knowledge and
processes. Though the real business formation is exactly same as it has been since generations
but the difference is made through its procedure. A contemporary corporation will make the
usage of certain strategic alliances, virtual offices and corporate social responsibility to its
benefit. In accordance with all these factors, it allows contemporary businesses to implement a
cohesive strategy so that all tasks and activities can be fulfilled. Almost in all cases organization
wants to make usage of as many tools as possible at its disposal to boost operations and earn

higher profits. Corporate social responsibility includes the review of all business stakeholders in
context with the process of making decisions. Many companies traditionally operated in a
manner that rewarded invested stakeholders. In terms of corporate social responsibility,
stakeholders who have not invested in the company also play roles in a company’s operations.
The contemporary business does not enter agreements or start operations that can decrease the
livelihood of all those individuals. There are certain common restrictions in accordance with
Contemporary Corporation which include to not investing capital into alcohol or tobacco
operations or decreasing the availability of natural resources.
Strategic alliances occur when two or more companies gather together in order to acheive goals
and produce particular products. There are various types of strategic alliances which are
available to a contemporary business. These involve contract, strategy, partner and certain
operational alliances. Each option allows the companies to build up their individual operations
by assembling resources together. In most cases, corporations look to make strategic associations
with other businesses that provides more technology or resources than they have on their own.
The aspect of contemporary business is Virtual offices. Through this use of technology, a
corporation no longer has to have a physical location in which all employees work in one place.
Businesses use computers and other techniques that allow employees to gather in virtual rooms
in order to complete all tasks and activities. In some cases, corporations can have many
international as well as regional locations that make use of virtual offices. This also works well
with strategic alliances or using individuals with particular qualities from different areas to
complete operations.
The eventual objective of a contemporary business is synergy, where all aspects of the traditional
business come together. The use of knowledge and up to date tools often improves a business
and gives it a competitive advantage over others in the business environment. If a business uses
too much technology or use of certain alliances then it is problematic for them. For one,
technology may be unreliable and disposed to to breakage. An association needs a company to
give up part of its knowledge to another business, decreasing its competitive advantage.

To determine about the issues of Contempory business in through cryptocurrency.
According to the Mike McLeod, 2021. Ethical issues which in business that can be use an
to face and overcome from difficult challenges which need to manage by the manger. Some of
the issues which create through discrimination laws that happen in organisation in this workers
safety and their concerned are help to manage the worker and employer responsible. But there is
some implication which acted through unethically. Some of discrimination factor which face
through company like harassment that is arguably and the most prominent to reduce the ethical
crises which enhance the impact on small business owner today. For instance, the result occurs
could be financial and reputational devastation in which discrimination and harassment which
have been laws to put place and continue for better updated. Moreover the discrimination and
harassment policies within business strategies are used to setting technically deal with different
treatment types on help to protect certain classes of employees. At workplace mostly women
faces certain harassment issues in which organisation need to implies some strict rules and
regulation that enhance certain precaution as per legal manner. Some of factor in which
discrimination law is regulates on certain limitation. Age: It is usually applies for those who are
40 and older, but further any age related policies or treatment is prohibited. Disability: to

someone who are physically mental or disbalanced due to some health related problem which
create perceived disabilities in order to ADA complaint. Genetic information: As employees
cant discriminate against employees based on information for genetic testing and having better
extend of information form medical history. Pregnancy: through provide better accommodation
and equal treatment must be enhance to provide effective pregnant employees. Workplace
discrimination: Discrimination can be any treatment that negatively affects an employee in a
protected class when it comes to the job itself. This includes hiring and retention practices,
compensation, advancement opportunities, training and reasonable accommodations, among
other workplace treatment. One of the more significant ethical issues in business is the gender
wage gap, where an employer pays a woman less than a man when they have mostly equal skills
and experience levels and who are performing the same work. Other ethical issues in business
examples include firing an employee in the tech field for being perceived as too old or refusing
to provide opportunities for advancement for people of certain races or ethnicities.
To examine about the benefits of cryptocurrency in business.
According to the Audrey Conklin, 2020. The benefit of cryptocurrency are many option which is
propounded as one statement that “Cryptocurrency is not just a financial instrument, because it is
tend to be technology.” Any further benefits where it usually offers about only possible because
towards better strength off the technology that underpins. Cryptocurrency is not commence role
through middle man, as the transciation is very easier manner to use and faster enough to tranfer
money one party to another. In that particular through cryptocurrency there is no additional
charges implies. In each cryptocurrency transaction where it is having unique exchange between
two parties, this helps to protect user from issues likely identified theft. On the global scale more
people are to used internet for online payments and other use to exchange their currency value
system. As cryptocurrency open the opportunity in which people are privilege people to establish
credit crypto that could be key of eradicating global poverty and corruption for one of reason. In
current situation cryptocurrency is happens usually by investors or business personalities. The
currency become the interest when world witnessed the sudden rise and there is uncertainty of
falling value of currency that bitcoin use in between 2017 and 2019. It sparked interest and

education. Now, cryptocurrency is becoming more a part of the everyday that people use to
realise. The image of cryptocurrency is reflect the money through better digital age. It leverages
about the technologies in such a way that it able to integrate work on digital ecosystem. It is
native system of internet which allows the work with technologies.

ONLINE
Vitez, 2021, What is a contemporary corporation
[Online] Available Through:
https://www.infobloom.com/what-is-a-contemporary-corporation.htm
McLeod, 2021, Common ethical issues in business and what you need to know
[Online] Available Through:
https://www.fastcapital360.com/blog/ethical-issues-in-business/
Conklin, 2020, What are the benefits of crypto currency?
[Online] Available Through:
https://www.foxbusiness.com/money/what-are-the-benefits-of-cryptocurrency
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