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Business strategy
Difficulties or challenges encountered as a result of managing a business organisation.
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[QUOTE="Kingsley, post: 212644, member: 30278"] The challenges business organisations face most times differs from one business circle to another and it also differs from country to country. Although we know some of the challenges are somewhat general. Again they can be internal or externalin nature. But from my perspective when we look at these challenges from the external angle where the organization may have little or no control over, include factors like government policies, inflation, taxation and environmental challenges which are not determined by anyone but by nature it very self. When we consider government policies and regulations as it affects a business organization we could see what happened with the ban placed on Twitter and how it affected the operations of the business in Nigeria. Despite the negative effect on the citizens and the economy at the macro level the policies were still put in place and the organization had little or no control over that. Again we are all witnessingthe rate of inflation in the country and how it has affected the prices of goods and services, this also affected the prices of raw material like cocoa used for producing chocolate and coffee, the business organization has no control over these factors. But will have to adjust to the challenges. [/QUOTE]
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Difficulties or challenges encountered as a result of managing a business organisation.
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