Today's Business challenges on spot

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In today's world, business is complex, uncertain and business environment is becoming narrowed.
Doing Business in this globalized world is complex due to the number of causes such as competition, entrepreneurship and new business threats that no one ever known before. Competition is higher, entrepreneurs are growing daily, new ideas, innovations and new business models are going popular.


Uncertainty is another challenge that many of today's businesses are facing because of technology advancement, lack of intellectual property rights, and the change of jobs and employment in the organizations.


Another main constraint facing business is the increasing business start-ups with new ideas and models specifically in the area of online commerce which heralded the markets last several years.
Its totally enormous the number of business get opened in recent years, and the challenge is that all these businesses are mostly identical and similar both of products and services.


Moreover, the longevity and survival of those new businesses aren't guaranteed due to the poor planning, lack of appropriate strategy, and lack of intellectual property rights which is the most animated factor that caused to shut down many businesses. even that these businesses are severely influencing from the previous organizations and the overall market.


In conclusion, business is increasing day after day but still, there are many challenges and constraints confronting them. Competition, new business models, uncertainty,  and entrepreneurship can be summarized.


Author
Abdikafi Cirir

Comments

Shuuriye Jr said…
Mshlh .. i read it utterly . Great article .. keep moving forward to write more.

Thnks bro
October 21, 2018 at 3:13 PM
Unknown said…
Great, short essay but Long essays will be next insha allah
October 21, 2018 at 3:41 PM
Unknown said…
Masha Allah. sxb waa blog post dhaxal gal ah, mawduc muhim ahna ku sbsan. kuwa klena waka sugynaa.
October 22, 2018 at 8:45 AM
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