My very first online business is actually a website called Nigeria news update. After so many most of hard work, and completing a task in which I was asked to do I never got paid a dime. From there i metamorphosed to taking online surveys, and doing little towers which are actually made some money from.
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Challenges in big businesses
- Thread starter ahmedo24
- Start date
Lack of direction/vision, without a long-term vision, businesses roaming around are clearly challenged by organisations with a specific plan in place. Just like Kodak, in the era of emerging digital technologies, they felt comfortable in their photography environment while neglecting the disadvantages of conventional cameras.
Certainly big businesses have their challenges. One of their challenges is human resource management. The bigger the business, the more difficult it is to manage the staff. That's why their are separate department for human resource in most big businesses.
Not certain about future is one of the biggest challenges in owning or running a business. Being able to predict customer trends, market trends and other future transformation, is vital to a changing economic climate. Bringing in a consultant trained in reading and predicting those all-important trends could be the difference between a bright future and dark future of you business or company.
Even the biggest businesses were startups once. No matter what type of industry you’re in, you’re probably experiencing the same challenges faced by businesses around the world. Building a business is all about focusing on mindful scaling. If you haven’t looked over your current business challenges and determined how they’re holding you back, this will be impossible. When determining what issues your company is currently facing, it helps to break your business problems into two sections: current business problems that you can quickly fix, and deeper business problems that require more intensive repair.
Rainlover207
I love rain
Big businesses have challenges too just like small businesses do. It is always a normal thing to have challenges in business but how to overcome this challenges is the most important thing. There is also loss such as there is profit to in big businesses that is why planning is key.
Some challenges that occur in big businesses is finding the right workers. Because they are focused on production, they tend to neglect the need to get better and competent staffs. Another challenge is customer demands. Big businesses might not have a breathing space because they want to meet up with market demands.
Whatever the business, you face challenges.
Because when you challenge something, you will be able to do it better.
Here are some of the challenges we face.
Exercise your brain.
Surprise yourself.
Volunteer yourself.
Get a new job / seek promotion.
Overcome a fear.
Climb a famous peak.
Because when you challenge something, you will be able to do it better.
Here are some of the challenges we face.
Exercise your brain.
Surprise yourself.
Volunteer yourself.
Get a new job / seek promotion.
Overcome a fear.
Climb a famous peak.
One of the major challenges of a very big business will have to do with internal control, and effective monitoring. Then there might be some level of information distortion as it will be quite challenging to get feedback from the customers.
Talibhussain074
Reputable member
Yes you are right. Business should be online or offline, small or large, you have to pay a lot of different challenges. The biggest challenge in them is management. Apart from this, big business has big responsibility. There is a big profit and the loss is also big. If the business is small, its problems will be small. And it is obvious that the bigger the business, its problems and challenges will be bigger.
Big agencies have demanding situations too similar to small groups do. It is constantly a regular aspect to have demanding situations in enterprise however how to conquer this demanding situations is the maximum essential factor. There is likewise loss together with there's income to in huge corporations this is why making plans is key
singlej007
Mythical member
Big business actually face big challenges, but big business is good for the country, some big business face challenges of paying their staff while other big businesses face challenges of high task from government, others face challenge of transportation of there products.
There are various challenges in business and we can't list them all. Some are particularly peculiar to a certain business and very important. For me an entrepreneur should just be careful and not get carried away with early success.
Big businesses are always having new challenges, because the more the business grow the bigger the challenges that comes with the business. But as a great CEO, you must know how to navigate around the challenges of the business and also have associate who can withstand the heat of the business aswell
From my experience, one huge challenge with managing a big business is how to best control and direct human resources to give you the desired output you want.
This is a factor of production that's unpredictable, weak and well, simply human.
This is a factor of production that's unpredictable, weak and well, simply human.
Taimoor Jutt
Mythical member
There are a lot of worries and troubles for any business but when we talk about big business them there will be a lot of problems. Like a lot of expenses, about electricity bills , a lot of workers and employees salary , large infrastructure, huge hopes toward them by people, then products loans, debt everything going out of control in big business.
- Uncertainty about the future.Financial management. Monitoring performance. Regulation and compliance. Competencies and recruiting the right talent. Technology. Exploding data. ...Customer service
Adegbindin Abdullahi
Loyal member
Challenges in big business are caused by a lot of factors in they’re the economical factors,social factors.most times failures in business are caused by finance lack of standard business initiatives low technological advancement in the company employment of staff with negative attitude toward the work
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