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Essay / Research Paper Abstract
This 8-page paper focuses on future scenarios for business leaders. Topics discussed include security, virtual offices, performance, ethics and stakeholder situations. Bibliography lists 7 sources.
Page Count:
8 pages (~225 words per page)
File: D0_MTfutubusi.rtf
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Unformatted sample text from the term paper:
quo. Businesses will take fewer risks, while stakeholders demand more time and attention, and performance evaluations and monitoring will change. In the meantime, security threats and ethical/regulatory challenges will remain
unchanged. Business Risks Business leaders in the future will take fewer risks when it comes to business. Globalization, combined with a faltering
economy, is likely to mean that decisions made will be more focused on the safe and known, rather than the innovative path. While this will help businesses continue operating in
their current vein, it will also mean that the innovations we saw in the latter part of the 20th century wont be as prevalent in the first part of the
21st. Lenders wont be as willing to throw money at new ideas, and businesses wont want to take a chance on a new product or service that will cost a
lot of money to bring to market, and that might fail. If there is anything businesses will take a chance on, itll
be new versions of old products. Internal and External Stakeholder Situations A lot of the business literature talks about "stakeholders," but who
- and what -- are these folks? In its most basic form, a stakeholder is an entity (an individual, group or business) that has a vested interest, or a stake,
in an organization (Investor Glossary, 2009). Stakeholders come in two varieties: internal and external (Investor Glossary, 2009). Internal stakeholders can include employees, owners, managers and partners. External stakeholders can include
customers, investors, suppliers/vendors and other organizations investing in a business. Basically, anyone (or anything) impacted by a particular decision made by the company is considered a stakeholder.
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