Challenges in big businesses

[Olahab]

There are many standard challenges every business faces, whether they are large or small. These include things such as hiring the right people, building a brand, developing a customer base, and so on.

 

[Shigobad2020]

The first challenges is how to protect the company integrity, Everyone is struggling to be more successful, to make the next quarterly earnings estimate, to keep their job, to earn a big bonus, or to compete effectively. The temptation to cut corners, omit information, and do whatever it takes to get ahead occur every day.

 

[Ebensco]

Both big and small businesses all faces challenges in one or the other but your ability to conquer the challenges despites all odds makes you to be a true entrepreneur. There is nothing in this life doing that is challenges free no and never, they all have their own challenges but if you sit down and think, strategies you will see the solutions to the problem.

 

[Adeyoola7]

Well I think Financial management
Many CEOs I know are ideas people; that means they’re great at the big picture and disruptive thinking, but less good with things like cash flow, profit margins, reducing costs, financing, etc. Small and medium businesses may not require a full-time CFO but would do better to employ a financial consultant who can step into the role as needed.

 

[Prettyjanie]

Very business comes with it's own challenges. A big business is no exceptions. The bigger your business, the bigger your challenges. With the growing competitors you may have, you need to keep up with the growing demands of the business. Challenges are synonymous with business.

 

[Shivay]

The good number of people desire to own a business either online or offline and they wish to see the business grow big.
It is very important that people have vital information about business before they go into it big time but it unfortunate that many care to know the opportunities in starting a business in a big way. As a big business owner or an expert in managing a business , what are the challenges involved in a big business?.

As the business is big so the profit and losses are also big . There is much more risk in big businesses as compared to the small companies due to high capital availability and one wrong step can make you lose all your funds.

 

[ahmedo24]

As the business is big so the profit and losses are also big . There is much more risk in big businesses as compared to the small companies due to high capital availability and one wrong step can make you lose all your funds.

That's true, it is more reason why if you are running business you must be very calm in taking decisions about the business , you need to spend more on marketing your products or services to boost your profit and minimize loses.

 

[Olahab]

There are many standard challenges every business faces, whether they are large or small. These include things such as hiring the right people, building a brand, developing a customer base, and so on.

 

[Folaham]

local content in staffing is a bug issue with most big companies. The companies have their goals but many are times when the local community demands a certain percentage (around 60%) during all recruitment processes. These stand affects the company's growth because the specialty/skills they seek might not be met and the community demand wont change.
we have in some areas where such community slots are being sold, in this case the best candidate might not have the opportunity of getting the job

 

[Obaterof]

Reducing Dependencies On The Founding Team
A common problem for startups and smaller businesses where founders are heavily involved in day-to-day operations.

Smart founders are aware of the benefits of working “on” the business instead of “in” the business. But implementing this in practice is complicated.

Inefficient execution leads to blockers and broken workflows, swamping the founding team, delaying deliverables, capping growth, and reducing the level of institutional knowledge in the team.

Designing a recruitment and growth strategy around building a leadership team of intrapreneurs is a lesser-known solution to this common business challenge.

 

[Shivay]

That's true, it is more reason why if you are running business you must be very calm in taking decisions about the business , you need to spend more on marketing your products or services to boost your profit and minimize loses.

Yeah , you cannot take decisions on the spot , 90 % chance of that decision is lose only , you have to analyse and take fundamental and ecomical available for acting in the business. That is why not everyone can do business.

 

[Abibatabosede]

The major challenges I see in large scale businesses and smaller scale businesses are mostly considered by lots of factors like problem solving in the company, interaction between the employee and the customers, time management in the company,diligency in that company,technological advancement in the company i.e advertisement and marketing.

 

[Felixko]

A big business is a good and very profitable business one will like to own . but running a large scale or big business needs so many workers or employees so they can help you to manage it and at the end of the day they can get paid. It also need a lot of capital to start it , it needs much attension to be talking care of it.

 

[Kehinde]

Uncertainty about the future. ...
Financial management. ...
Monitoring performance. ...
Regulation and compliance. ...
Competencies and recruiting the right talent. ...
Technology. ...
Exploding data. ...
Customer service.

 

[jimmann247]

Every big business come with big challenges, challenges if your product is not selling well or if your business or company is not meeting their fixed goal, you will be face with challenges yo conduct surveys, challenges for more advertising, and more interviews.

Post automatically merged: Feb 1, 2021

Every big business come with big challenges, challenges if your product is not selling well or if your business or company is not meeting their fixed goal, you will be face with challenges yo conduct surveys, challenges for more advertising, and more interviews.

 

[Psalmsavatar]

Challenges in big business are enormous. It ranges from large employees' management, to client management, to financing, to image management to risk'management and so on.

 

[joy101]

Every business has a challenge both big and small business, but the most challenge in big business is how to control it to be a successful, another one is lack of integrity in a business, all this can be a challenge big business.

 

[Alexandoy]

When you start a business as a single proprietorship it can be a stepping stone to be a big corporation. When the business is growing by leaps and bounds you will notice the difficulty of managing because your personnel is growing likewise with the demand and the supplies. It is time to hire or promote a staff to be a supervisor or even a manager depending on the workload. The usual challenge of a growing business is the workload that people would be doing overtime work due to lack of workers.

 

[unhappy triad]

s good to have a big business, and it' s good to have a big business. But in addition to this it also has many associated challenges. Big business; big responsibility, big loss (in case it goes bankrupt that we do not want to happen of course). You just have to use these challenge

 

[Olamide wealth]

• Uncertainty about the future. ...
• Financial management. ...
• Monitoring performance. ...
• Regulation and compliance. ...
• Competencies and recruiting the right talent. ...
• Technology. ...
• Exploding data. ...
• Customer service.