Challenges in Business Organizations: What Keeping you up at Night?

Challenges in Business Organizations
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Challenges in Business Organizations
For many years the global environmental factors affecting businesses have grown in complexity. The nature and size of an organization is determined by their effectiveness in addressing these factors and the level of input of the senior management towards fostering the prosperity of their organization. Large scale companies across the world have reached the competency level through a better understanding and incorporation of their company’s vision, goals, strategy, customer-driven, innovation, team management initiatives, strong diverse leadership, and increasing profitability (Lewis, 2007). All these factors challenge many organizations and therefore needs strategic approaches in addressing them in a bid to improve performance of the individual organizations.
Lack of management skills in the younger workforce is a relatively serious challenge that can keep me up at night. The younger individuals have grown so dependent on technology and media and thus leading to a reduction in their face-to-face skills. This affect the actual performance of duties that require their manual input and therefore render better performance of the tasks assigned to them. Relating to management skill challenges, as a senior executive I would enhance the use of seminars and workshop trainings to instil management skills in the workforce thus improving their performance. The issues of overreliance on technology and media can best be addressed through such events by informing on the negative impacts that is expected through the habit and how they later affect the overall individual performance in the organizationCITATION Goo82 \l 1033 (Goodhew, 2008).
Barriers to innovations also pose an effect on the positive progress of the organization and thus can keep me up at night due to its strength in determining the level of improvement for business corporations. The time limit for the implementation of an innovative model, the fear of radicalism, lack of formal strategy, goals and priorities have increasingly inhibited innovation. With such a challenge, as a leader I would identify internal leaders for innovation implementation process in order to manage the model and deliver new changes that increases performance by informing new approaches and understanding of the business environment (Henry, 2006).
Integrating multiple cultures and leadership development approaches and making adjustments from small-company thinking to a global level is another challenge that would keep me up all night. Many employees report that they find themselves becoming more authentic in their interactions with co-workers and have the desire to create and be part of an organization that promotes learning opportunities (Clammer, 2012). For the challenge, therefore, I would advocate for the implementation and designing of a full understanding of uniqueness of the organizational culture and organizational system within the context of its social system and the need to embrace leadership development.
The international goal on management is solely to achieve firm’s international purposes on obtaining, issuing and using company resources acros...