Organizational Challenges and Future Trends: A Presentation

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Added on  2023/01/05

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AI Summary
This presentation examines the significant challenges organizations will encounter over the next two decades. It identifies five key areas: uncertainty about the future, rapid technology changes, the need for business transparency, evolving regulations and compliance requirements, and the explosion of data. The presentation highlights how these factors will impact businesses, emphasizing the importance of adapting to technological advancements, maintaining data privacy, and navigating complex market trends. It also underscores the significance of strategic planning, talent recruitment, innovation, and team collaboration to mitigate these challenges and ensure long-term organizational sustainability. The presentation concludes by suggesting that a proactive approach to these challenges, coupled with effective leadership and strategic planning, is crucial for organizational success in a dynamic and evolving global landscape.
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Organizational Challenge
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Introduction
This presentation focuses on the challenges
which organizations will face in the next
twenty (20) years.
It shows the critical analysis of the challenges
and issues which organization might face in
coming 20 years due to the changes in the
environment and technologies.
This presentation shows the key 5 imperative
challenges which organizations need to
overcome to sustain their business in long run.
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Uncertainty about
future
The world is changing at fast pace. Things are
changing within one generation to next, be it
marketing channels, social media or new
technology.
No one knows what’s going to happen in near
future but at the rate things are going it is
becoming more and more unclear
Predicting the coming market trends,
customer trends, new choices is getting
tougher. The trends are changing at such a
fast pace that the things changed just within
year
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Technology changes and
innovation
With the ramified changes in technologies, the business
functions of the company may become absolute if they do
not adapt with the changing technologies.
Technology is getting updated at the speed of light.
In order to compete and be in race its very important for the
organization to innovate and bring new technologies
otherwise, there would be the risk of left behind.
The absolute technologies may impact the business costing
and business process system which may push organization
back as compared to other rivals in market.
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Transparency in the business
Increasing complexities may impact the business
process which may impact the business
transparency.
Due to the increasing manipulation of the financial
data, there may be high impact on the transparency
of the business in the coming year.
Company might also face issue in setting up
harmonization in the triple bottom line of its
business framework in the coming years.
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Regulations and
Compliances
.Higher level of legal compliance to maintain the
sustainable business.
Increased business costing to set up corporate governance
which might increase the overall production cost and
business costing.
Competitive unmatched rivalry which might result to
dissolution or winding of company.
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Data privacy issues
Many Ill-intentioned person are using their high
Techs, to grab the potential confidential information
to make their personal benefits.
The increasing use of high-technology poses high
threats to the confidentiality of the financial data of
the company and may result to high level of market
making.
It increases the financial leverage risk, confidential
risk and audit risk o the organization.
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Summary
Coming 20 years are going to bring so many changes
and challenges for an organization.
The topmost five challenges would be uncertainty about
future, Technology, Transparency, Regulations and
Compliances and Exploding Data.
However, recruitment of right talent, Agility, Innovation,
productivity and collaboration with team, recruitment of
right talent, Agility, Innovation, productivity and
collaboration with team will be the most coming
challenges.
Proper strategic planning in all the problem area with the
team collaboration would be helpful for CEO of the
organizations to mitigate these issues.
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References
Berg, M. (2011). Implementing information systems in health
care organizations: myths and challenges. International journal
of medical informatics, 64(2-3),
Strayer, D. L., & Dudgeon, D. (2010). Freshwater biodiversity
conservation: recent progress and future challenges. Journal of
the North American Benthological Society, 29(1), 344-358.
World Health Organization. (2013). The World health report:
2013: shaping the future.
Arquilla, J., & Ronfeldt, D. (2011). Networks and netwars: The
future of terror, crime, and militancy. Rand Corporation.
Calicioglu, O., Flammini, A., Bracco, S., Bellù, L., & Sims, R.
(2019). The Future Challenges of Food and Agriculture: An
Integrated Analysis of Trends and
Solutions. Sustainability, 11(1), 222.
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