Challenges facing company

High school
Admission/Application Essay
Pages 2 (502 words)
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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.


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. ...
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