This essay's purpose is to assess the value of several models of business in a context where rapid change, political upheaval (like Brexit and Covid-19), and environmental factors all pose challenges.
In order to succeed in today's cut-throat marketplace, businesses of all sizes need to be well-versed in the unique challenges presented by their industry and the managerial dilemmas that come with doing business in the modern world. For over a century, several assumptions and paradigms have been developed in response to new problems in the field of management. A radical shift in business and the global economy has made management concerns more pressing in the 21st century. Focusing on the examination of global economic upheavals and management practice evolution is crucial for defining the issues and roadblocks to management growth.
Inhaltsverzeichnis (Table of Contents)
- Contemporary Management Issues in the 21st Century
- Introduction
- Entrepreneurial Process
- Business Uncertainty
- The Opportunity-Based Theory
- The Impact of Brexit on Tesco
- Climate Change and Business
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
The essay aims to assess the value of various business models within a context marked by rapid change, political upheaval, and environmental factors. It specifically examines the challenges posed by business uncertainty and explores the role of entrepreneurship in navigating these complexities.
- The entrepreneurial process and value creation
- Business uncertainty and its impact on organizations
- The opportunity-based theory and its application to entrepreneurship
- The challenges of Brexit and Covid-19 on business models
- Climate change as a major source of uncertainty for businesses
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter sets the stage for the essay, highlighting the challenges of doing business in the 21st century and the need for a deeper understanding of management issues.
- Entrepreneurial Process: This chapter defines entrepreneurship as the process of generating and appropriating value in the face of risk, focusing on the role of entrepreneurial mindset and resources.
- Business Uncertainty: This chapter delves into the concept of uncertainty in business, defining it as uncontrollable factors that can negatively impact operations. The chapter explores the enduring effects of Covid-19 on global economies, emphasizing its impact on entrepreneurship models.
- The Opportunity-Based Theory: This chapter presents the opportunity-based theory of entrepreneurship, arguing that entrepreneurs capitalize on change rather than causing it. It highlights the importance of identifying and utilizing opportunities in uncertain environments.
- The Impact of Brexit on Tesco: This chapter analyzes the impact of Brexit on Tesco, highlighting the challenges posed by isolationist policies, supply chain disruptions, and uncertainty. It explores Tesco's strategic responses to address these challenges.
- Climate Change and Business: This chapter examines the implications of climate change for businesses, exploring both the risks and opportunities it presents. The chapter discusses the challenges of predicting and mitigating the effects of climate change on business operations and supply chains.
Schlüsselwörter (Keywords)
This essay focuses on contemporary management issues, entrepreneurship, business uncertainty, opportunity-based theory, Brexit, Covid-19, climate change, value creation, strategic responses, and the impact on organizations like Tesco. It explores how these factors challenge traditional business models and require adaptability, foresight, and a proactive approach to managing risks and opportunities.
- Citar trabajo
- Sina Olatokunbo (Autor), 2022, Management Issues of the 21st Century. Assessment of different business models, Múnich, GRIN Verlag, https://www.grin.com/document/1308709
