Challenges in big businesses

[Smithkid]

Competencies and recruiting the right talent
Again, a small or medium-sized business might not need full-time human resources or recruiting staff, but during peak growth periods, finding the right people and developing the right skills and competencies is the key to a sustainable future. Bringing in a consultant with the expertise to find exactly the workers you need would be a wise investment.

 

[redpogi16]

Uncertainty of the future is one of the challenges in doing business. The success of a business usually depends on a business’ ability to take actions or create strategies based on certain predictions made from the current trends in the market. Unfortunately, the world we live in today is full of so many uncertainties mainly because of global economic struggles. I hope you will overcome your challenges in your business.

 

[Yewande]

Cash, Borrowing, and Resource Management. Cash is King! We’ve all heard this maxim and it is more true today than ever before. A healthy profit may look nice on your financial statements, but if capital expenditures or receivable collections are draining your cash, you won’t be able to stay in business for long. Too often executives and small business owners fail to focus enough on cash flow generation.

 

[Kiwi]

Business has never faced the type of moral challenges that it faces in today’s global economy. 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.

 

[Keibah]

I think the major challenge of owning a big business is management. One person cannot handle the trouble of managing a big business. With big tasks comes big responsibilities. Therefore staff must be hired and you have the responsibility to make sure they are trustworthy people.

 

[Bkoks]

When start a business, you start small. Having a big boys is like the peak of your business career .big business is like the dream of every business person .surely there are risk attached to it , level of fraud threat will increase and all but it's a very good thing .

 

[Kamon c4]

The most common challenge faced by big business owner is management. It’s not easy to manage big businesses with branches at different location. High expenses is spent on acquiring the services of good mangers. Another challenge that’s faced by business owners is trying to keep up with trends. No matter the products or services you provide, trend is inevitable. New ideas come in daily and you must try to be updated at all times

 

[Veetos12]

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?.

Every business has its own challenges peculiar to it whether big, medium or small scale enterprise. The common problem that can b associated with a big business is management issues. Staff management and coordination may pose a big threat to the growth of the business if not well checked.

 

[Xerryl]

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.

 

[Olahab]

We live in rapidly changing times, especially for businesses. Consider that, in a single generation, businesses have had to adapt to entirely new marketing channels (web and social), decide how to invest in and utilise new technologies, and compete on a global stage — things that were barely imaginable to our parents’ and grandparents’ generations.

 

[Tollytee]

Challenges in big business include

• Scaling Without Compromising on Culture. ...
• Increasing Your Sales Without Spending Too Much. ...
• Tweaking Your Company Mission. ...
• Limiting the Use of Communication Tools. ...
• Make People Believe in Your Cause. ...
• Delegating Work to Others.

 

[Seyesystem]

In business generally there are lot of challenges whether small business or big business a business owner must be able to face all the challenges faced with in the business environment. For a successful business to succeed in the market will have to deal deal with a lot of challenges which the challenges may be insufficient capital, lack of capable staff, increase in competitors in it's business environment, government policy which may be positive or negative on it products, enabling environment for the business to operate.

 

[Eyiteepraise]

The challenges big business usually have is that when the business is growing big and large then there will be some certain challenges and obstacles that will arise to the business.
A big business is liable to face troubles in form of employees trouble.

 

[ahmedo24]

This challenge can easily be managed because you just need to a very good human resources manager and try as much as you can to take seriously the welfarism of your employees. The rest will be very minor

 

[Lekan]

Their are some challenges you may face while running the big business .some of the challenges is that if the person that is doing the business did not have courage it may lead to some cases .if the amount of the capital is low for next investment .

 

[Mary]

Either a small business or a big business there must always and will always be a challenge or another that will be faced by the business because in everything in life there must always be a mistake or challenges which will warrant the chance to correct such mistake.

 

[Abigael]

I think that the greatest challenge in a big business lies in its management. It can require so much effort and expenses to effectively run a big business. If experts are not hired to do so, the business can easily fall. Especially if financial management is not done well, the business will fail.

 

[Presido]

Big or small there is always a challenge that most all business are facing .For instance , a small business may run into debt and may not be able to repay is a challenge faced by small businesses.
Big business always face varieties of challenges because the challenge they are suppos to face in small quantity has become big due to the huge scale of the business.

 

[Philip Omotayo]

One of the challenges of big business is competition. Many big companies have many competitors. And this could make it very difficult for them to succeed. Also, availability of raw materials is another challenging issue facing big businesses. More so, many big companies faces huge amounts of taxes from government. Finally, many big businesses lack loyal employees and this makes it difficult for effective productivity of the business.

 

[KvngMurphy]

there are lot of challenges in big business but the major challenges are competence and stability its very difficult to compete with others in big business and have to do lot of effort to establish the class of big business so we have to invest powerfully and launch the best products in big business because competence is major challenge in big business.

You've Really contributed well and that's just the plain truth cos all business tends to face one challenge or the other not to talk about a fully blown business that's got the attention of alot of customers and competitors so it'd bound to face alot of stone throws but getting back on board is what really matters.