Risk, price pressure, talent management, climate policies, war, conflit, compliance, regulation, cyber attack, government, shortage of skills, culture
With the rising level of globalization experienced in the market today, companies need to prepare for high levels of uncertainty. They have begun to reconcile their operations in preparation for the long-term economic downturn as well as to increase their exposure to the changing world markets. The aspect of change has brought some uncertainties and challenges that companies need to deal with in day-to-day operations. The challenges relate to each other. The rising level of world debt is an example that has affected some world countries such as Brazil, which is struggling to deal with it. Apart from the Microeconomic challenges, the cyber attack has also become a challenge to businesses besides to the Middle East conflicts.
[...] Risk Management With the rising level of globalization experienced in the market today, the companies need to prepare for high levels of uncertainties. They have begun to reconcile their operations in preparation for the long-term economic downturn as well as increasing their exposure to the changing world markets. The aspect of change has brought some uncertainties and challenges that the companies need to deal with in day-to-day operations. The challenges relate top each other. The rising level of world debt is an example that has affected some world countries such as Brazil, which is struggling to deal with it. [...]
[...] Pricing pressure There has been a fundamental change in the market conditions. The mature economies face a slower growth rate as their sales volumes and margins have been brought under price pressure. The consumer behavior has changed due to the intensified battle that has risen in the market share. The premium arising out of the company's brands have become expensive to maintain. This fact has posed a risk to the business environment. The opportunity available is the use of technological innovations (Akintoye, Beck, & Hardcastle, 2008). [...]
[...] References Akintoye, A., Beck, M., & Hardcastle, C. (2008). Public-Private Partnerships: Managing Risks and Opportunities. Chichester: John Wiley & Sons. EYGM Limited, (2013). Business Pulse: Exploring dual perspectives on the top 10 risks and opportunities in 2013 and beyond. Retrived from http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB4QFjAA&url=http%3A%2F%2Fwww.ey.com%2FPublication%2FvwLUAssets%2FBusiness_Pulse__top_10_risks_and_opportunities%2F%24FILE%2FBusiness%2520pulse%25202013.pdf&ei=29FmVfqtJKvD7gbnoIP4Aw&usg=AFQjCNGGbNxTxYJ2THDz8eecem1crictmQ&sig2=E4Rjz1DkktwCzr_UeIIMsA&bvm=bv.93990622,d.ZGU Killion, S. W., & Dempski, K. (2006). Legal and ethical issues. Sudbury, Mass: Jones and Bartlett. MacLennan, P., & Nutt, B. (2000). Facility management: Risks and opportunities. [...]
[...] China, for instance, is likely to demand 60 percent of the energy in the year 2035. Managing talents and the shortage of skills The management of the skills as well as coping with the shortages in the markets has remained a risk for most of the companies. The companies are continually expanding, and the education systems have struggled to meet the high demand from these firms. The IT is very significant in maintaining the business efficiency. The organization needs to get the right people that would help it maintain the changes. [...]
[...] Creating control in a firm may not be necessary but a good culture will always control everything. In the global market, there is a risk of the united state's economy going into a deflationary trap. This is defined by the four years in a row of falling CPI inflation. US represent very high values of the bond market and global equity. It is uncertain what might happen if it enters the deflationary trap. However, the likely result is that growth would become negative for many years. [...]
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