Significant Challenge in the Business today Free Essay, Term Paper and Book Report
What is the most significant challenge in the world of business today? Defend your opinion.
Complexities have rapidly multiplied in the world of business over the last couple of decades and this emerged as a primary cause of the most important challenges businesses are facing today. Globalization, emergence of new markets and large scale cross-border expansion are, in my view, the most impacting developments to occur across multiple business sectors. These wide spread changes in the landscape have introduced significant business challenges that are common to several sectors or in fact, even countries. I would say risk evaluation and management is the most significant challenge that businesses are facing under the current economic and financial scenario.
Risk evaluation is a part of everyday decision making in every firm. As the complexity of a business grows, the risks that surround it start increasing in number and differing in nature, making themselves less obvious and less quantifiable. The nature of risk also varies considerably between the sectors, making some of them......
Word Count: 782
Page Count: 3.1 (250 words a page / double spaced)
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