Challenges facing company - Admission/Application Essay Example

Only on StudentShare

Extract of sample
Challenges facing company

Acquisition and mergers have reduced over the past few months because of the uncertainties surrounding the future. This paper will throw light upon the greatest challenges that will very soon have to be faced and how I will use my experience and skills to tackle the challenges.
The revenue generated by companies is shrinking with each passing day, almost 30% of the revenue will never reach the company due to recession and the unwillingness of the people to spend. The companies should largely focus on developing superior technology as that is the only way out to face the challenges posted by recession. The biggest challenge in the next three years is to sustain the development made by various companies and this will require a good understanding of the leadership styles. If a company chooses a wrong leadership style, that company is bound to lose in this volatile market. The conditions are far from ideal to invest in latest technology but the companies that take this risk will reap sweet rewards in the future. I have 10 years of experience in the field of IT and consulting and if my skills are put to good use, I am quite sure that the company I am working in can benefit and grow by my experience. I expertise in talent management and the need of the hour is to recruit talented people rather than recruiting people only for the workforce development. ...
Download paper


Recession has changes many a thing in the current global scenario. The companies have started sacking and downsizing of their employees so as to reduce the expenditure of the company. It would take a very brave leader to bring major changes in an organization at this crucial juncture…
Author : godfrey02

Related Essays

Challenges facing the succession of family owned businesses in Saudi Arabia
Family based businesses in Saudi Arabia face major challenges in the form of operating in a difficult global economy as well as managing the overall transition phase of the business to a new generation of family control. In order to survive and grow and make a place among those elite family based businesses that have been able to achieve long lasting global success the companies has to domesticated the restless entrepreneur conditions and design long term strategies to manage the business. ...
22 pages (5522 words) Dissertation
The Biggest Challenges Facing Human Resource Departments Today
Top management urge human resource departments to get every employee pulling in the same direction, yet also require them to meet employees’ needs on a professional level. The challenges facing human resource departments are plentiful, but the two main ones are the composition of many cultures in the workplace and fewer high quality candidates to choose from. As workplaces become more multicultural, the level of communication between departments also needs to increase. Human resource departments play an important role in this function, acting as a go-between to relay information between...
3 pages (753 words) Research Paper
'In the current economic climate, what are the biggest challenges and biggest opportunities facing new managers entering indus
Finding unique strategy There are many innovations, as upshots of reaching certain competitive advantage in order to be on top of the competition, especially now that the current economic climate demands key players to do the right move in order to survive the tough and challenging times. The challenge therefore is to think of a strategy that is something new or as a new way, one that is unique and hard to emulate in order to achieve a highly sustainable competitive advantage. According to Porter, the only way to ensure a sustainable competitive advantage on the part of an organization is to...
4 pages (1004 words) Essay
Challenges facing managers today
And within this transformation in environment, managers have to change to become a change mentor, an employee advocate or sponsor, and a strategic partner within their organizations. In order to be successful, management is required to be a business driven activity with a comprehensive understanding of the big picture of the organization and have the capacity to affect significant policies and decisions. Generally, the focus of today’s manager should be on strategic technological planning, talents development, and personnel retention. Managers should also be succession planners, coaches,...
5 pages (1255 words) Research Paper
Unforeseen Challenges Facing Entrepreneurs in the UAE
Suggestively, this particular mechanism can be regarded as effective in dealing with this unforeseen challenge (Hoque, 2013). Additionally, taking examples of entrepreneurship strategies applied by successful entrepreneurs in UAE may also contribute to the forecasting ability of these professionals, which can only be possible through practical experiences in the field (Drucker, 2012). Raising capital for the setup When focusing on the Emirati entrepreneurship trends, it can be observed that in comparison to male entrepreneurs, female entrepreneurs have to face significant challenges in terms...
5 pages (1255 words) Research Paper
Possible challenges and opportunities facing Argentina
For example, business people come together at an international level to brainstorm about business policies. Economic expansion is the increase in level of services and goods and increase in level of economic activities. Gross Domestic product (GDP) is used to measure level of economic expansion. GDP is the total value of goods and services produced within the country’s boarder. An increase in gross domestic product of a country implies that economy is expanding while decrease in GDP will imply decline in economy (Eitzen and Zinn 22). Challenges and Opportunities Facing Argentina One of the...
5 pages (1255 words) Research Paper
What is meant by the term ‘emerging market’? Discuss the challenges and opportunities facing a foreign company seeking to invest in an emerging market – China.
With the country expected to dominate the global market by the year 2030, challenges are also not devoid from these transactions....
10 pages (2510 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!