CONTEMPORARY BUSINESS ISSUES

The View of the World Financial Crisis

Table of Contents

Introduction2

The Situation of Uncertainty2

Technological Change2

Unclear Plan3

Diversity3

Complexity3

Regulation3

Ineffective Leadership4

The Effectiveness of Sales and Marketing4

Element of Human4

Cash flow4

International Financial Crisis and its Types5

Crises of banking5

Crashes and speculative bubbles6

Global financial crises6

Economic Crises6

The Globalization and the International Financial Crisis around the World6

Effects of Crisis in Emerging Asia8

Current Scenario9

Conclusion10

References12

Contemporary Business Issues

Introduction

Today, businesses are facing new challenges in their direction of success as uncertainty and serious economic issues weather they are multinational organization or a small business. Recently, there was a good sign of the economic environment and positive towards stabilizing due to which unpredicted future developments will continue. But there are many issues they are creating hurdles for the businesses nowadays because of uncertainty.

There are the following contemporary issues of businesses:

The Situation of Uncertainty

All human beings especially the business professionals find discomfort themselves due to the situation of uncertainty. If there is an uncertainty in the international market, regulations of environment, it affects the overall business. Therefore, companies are lacking to focus on the long-term goals and they prefer to set only short-term due to the situation of uncertainty (info.4imprint.co.uk).

Technological Change

The rate of technological change is dramatically increasing day by day. The competitors of the companies wait for the next generation technology so they can launch the new technology into the market and then gain their market share. So, it's important for a company to keep itself update from a bulk of information about the next generation technology and always stay informed (info.4imprint.co.uk).

Unclear Plan

Most of the organizations having not definite and clear plan due to which its worst the situation of the cash-flow by wasting money on diversions and other issues. It is important for a company to revise its plan after the changes of economic and business conditions to survive in the future.

Diversity

The term “Diversity” is a part of the planning of human capital. As it brings opportunities for entire organizations, normally it is observed that many of the employees do not agree on the same idea and they have a lack of it to make execution. Similarly, companies having narrow view of dynamic change due to lack of diversity (info.4imprint.co.uk).

Complexity

Due to latest technologies, the business and life have become easier to perform difficult tasks and activities. As a result, the economy is internationally connected as well as creating large no of suppliers and customers. Therefore, the systems of processing have become more complex as they are growing (info.4imprint.co.uk).

Regulation

There is always a concern of the environmental regulations. The demand from customers is reducing as the issue of the increasing cost due to the environmental conditions and taxes (info.4imprint.co.uk). Another cause is that the serious consideration is not given to the current issues of regulation and the financial reform.

Ineffective Leadership

Due to lack of responsibilities of top level of organizations, they perform their activities as it is seemed like a manager rather than leadership. As a result, an organization stops growing and may be failure ahead. It is highly important for the directors to know their responsibilities ...