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Business strategy
Difficulties or challenges encountered as a result of managing a business organisation.
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[QUOTE="Chibson, post: 213242, member: 27553"] [FONT=Georgia]There are a lot of problems or challenges encountered in a business organisation. Some of these problems always go to the point that when you don't have the right team and the right knowledge of how to manage a business properly you may not likely survive it. This is why it is always very important to employ the right people in the right positions because when some of these challenges arise there is a possibility that it will be conquered. Some of the problems or challenges can be financial or performance-based. Some businesses get to the point where they no longer have the needed capital to run their businesses and they may contemplate going into loans, that may actually not make them bypass the problem. This is why it is always very important for people to employ financial analysts and experts in their various businesses because when such problems arises there is a possibility that they will be able to handle the situation well. Another challenge that may come up in a business is competition. As technology is advancing there are new trends in business and if you're not able to keep up with these trends there is a possibility that you will run out of business.[/FONT] [/QUOTE]
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