prtk.nayak
Prtk Nayak
1.Uncertainty: Be it uncertainty in the global economy and the current recovery, uncertainty in the credit markets, uncertainty how environmental regulations will affect business, the bottom line is that uncertainty leads to a short term focus, causing companies to shy away from long term planning which ends up destroying value.
2.Globalization: According to BMGI, 7 out of 10 fortune 500 companies cite challenges of globalization as their top concern. Understanding foreign culture is essential, from being able to penetrate foreign markets to being able to design new products and services for new customers, to recognizing emergent disruptive competitors.
3. Regulations: Changing regulations are creating problems for the business world. Whether a demand from the customers or shareholders to become more green or the threat of increased costs due to new carbon taxes.
4. Scams AND Corporate Governance: Be it coalgate, 2G, Enron, IPL or Satyam scam, Risk of frauds and scams are proving to be a major hurdle for business and is degrading the confidence of major stakeholders in the Business like Suppliers, customers, distributors, investors, government and society as well.
5. Information Overload: It has been estimated that in 2012, new data in excess of 988 exabytes were created as compared to 161 exabytes in 2006. The ability of companies to consume and make sense of the information that is available and to make good decisions is becoming a nearly unsurmountable task.
thankss
2.Globalization: According to BMGI, 7 out of 10 fortune 500 companies cite challenges of globalization as their top concern. Understanding foreign culture is essential, from being able to penetrate foreign markets to being able to design new products and services for new customers, to recognizing emergent disruptive competitors.
3. Regulations: Changing regulations are creating problems for the business world. Whether a demand from the customers or shareholders to become more green or the threat of increased costs due to new carbon taxes.
4. Scams AND Corporate Governance: Be it coalgate, 2G, Enron, IPL or Satyam scam, Risk of frauds and scams are proving to be a major hurdle for business and is degrading the confidence of major stakeholders in the Business like Suppliers, customers, distributors, investors, government and society as well.
5. Information Overload: It has been estimated that in 2012, new data in excess of 988 exabytes were created as compared to 161 exabytes in 2006. The ability of companies to consume and make sense of the information that is available and to make good decisions is becoming a nearly unsurmountable task.
thankss