Contemporary business Essay Example | Topics and Well Written Essays - 3000 words

Contemporary business - Essay ExampleIn addition, the report will include examples on coca plant Cola, Toyota and leadership style of Bill Gates to support all the discussions. Finally, a conclusion will be provided to summarise all research findings and mentioned business anxiety issues / problems.Before critically analysing the functions and management issues in a global business to identify ways to reduce risk and improve organisational effectiveness, I first would worry to throw light over what we mean by efficiency and effectiveness.Organisational efficiency refers to the capability of a business enterprise to produce maximum output with the cooperate of same available sources. In other words, it could be defined as an ability to produce same level of output with fewer sources.The world has nonplus a global village after the contemporary developments and advancements in information technology and communication networks. These recent advancements and improvements in media net works and advertising have greatly touched the attitudes, beliefs, behaviours, lifestyles and perceptions. At the same time, this has also created many business opportunities for enterprises. In fact, many businesses have gone global and have become transnational, multinational or international corporations with operations all across the world. Companies today atomic number 18 expanding their operations all across the globe to target a large separate of potential customers who are heavily exposed to media, and who now have relatively similar lifestyles (inclination towards a white collar job, brands, facilities, luxuries etc). On the other hand, customers have also become actually demanding, since they seek value and are inclined towards new and innovative products. In short, it could be said that businesses have to deal with a large diverse group of customers who have both willingness and ability towards different innovative and existing products.Businesses usually have many di fferent international market entry