The Awakening Of Globalisation, Technological Advancement,...

1.1 Background to the study The awakening of globalisation, technological advancement, rising world population and its corresponding upsurge in demand has incontrovertibly instigated innovation and the emergence of new firms hoping to satisfy the needs of today’s sophisticated customer while yielding returns for survival. Most often than not, entrepreneurs and investors engage in new ventures overly optimistic while according little if not a non-existent attention to potential signals of looming failure and businesses that have long been in the scene are no exemption to this corporate syndrome. As suggested by Paulos (2003), in a world where uncertainty is the only certainty there is, and knowing how to live with insecurity being the only security, it is only prudent to adequately anticipate and forestall failure in the modern day business atmosphere. As observed by Roach (2007) large corporations are an economic, political, environmental, and cultural force that is unavoidable in today’s globalised world considering their impact on the lives of billions of people every day, often in complex and imperceptible ways. Similarly, same can be said of the small corporations, the SME sector to be specific, which is widely acclaimed as the engine of economic growth and poverty eradication in the world by various researchers (Gbandi Amissah, 2014; Katua, 2014; Quaye, Abrokwa, Sarbah Osei, 2014). In view of the immense impact of corporations in this modern day, its failureShow MoreRelatedGp Essay Mainpoints24643 Words   |  99 Pagesc. Mathematics d. Universal language 11. Businesses a. Business morality b. Charities as businesses 12. Democracy a. Good vs. Bad 13. Social Issues (only stats provided) a. Gender b. Family c. Equality 14. Governance a. World Governance 15. Others a. Cooperation b. Education c. Crime d. Liberty or Security e. Consumerism 1. Media 1a. New vs. Traditional GENERAL Intro: †¢ The first quarter of 2043 will be when the last newspapers land on front processRead MoreOverview of Hrm93778 Words   |  376 Pagesorganization core competencies (integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers). HRM plays important role in creating organizations and helping them survive. Our world is an organizational world. We are surrounded by organizations and we participate in them as members, employees, customers, and clients. Most of our life is spent in organization, and they supply the goods and services on which we depend to live. Organizations