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OLD to new Trouble Personal and within a company;"Do you trust that Decision approach"
Sustainability, Churn rate control, adaptability to new technologies and Global competition!
hese are Following:
Active approach towards customer satisfaction.
Day to Day Research methodology n adopting it.
Quality as well as Price
Five Key Challenges business are facing today:
1. Collaboration
2. Agility
3. Transparency
4. Innovation
5. Productivity
dedicate your efforts on keeping your customer very satisfied, must design and develop to providing an objective measures of a customer knowledge and competence in their fields. regularly review the content of company's objectives to ensure current objectives are appropriately updated and relevant to customer evolving needs that helps growth.
dont trust anyone
always have plan B
try to think in a different way than others
FinancingThe competitionnot sureChanging financial, economic and legislative policiesProfessional and managerial experience
The key challanges of modern businesses range from internal to external and also vary from business to business. However a general overview can be as follows;
Unstable exchange rates
Infation
Unfavourable government policies
Ethical business issues
Environmental degredation
Embezzlement of funds
Nepotism.
Racism & discrimination.
Sexual harrasment.
High taxes.
Linguistic challanges.
Human resource imcompetence.
Low capital base.
High interest rates.
Limited access to credit.
Technological advancements & compatability.
Stiff competition.
Un necessary expendictures on luxuries
The key challenges to modern businesses are as follow:
The growing and complex customer needs that creates increasingly new demand.
The rapid development of technology that renders products and services obsolete.
Increasing competition rising from globalization, creating low barriers to entry
The unstable and changing marketing environment renders decision unreliable.
Thanks for the invite. The key challenges of modern business are:
Understanding the latest trends of market
Knowing how to apply them
Focusing on the trends that change very frequently
Understanding the requirements
Thank you for the invitation
The challenges of modern management are quite different from the old ones in their apparent appearance at least in seeking very important points from them
1. Intellectual or human capital
2 - Total quality management
3. Knowledge management
4 - Organization educated
But mostly aimed at the old part is the continuity and profit is bound and market share
