Significant Problems

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Last updated 12:19 AM on 7/22/26
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9 Terms

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  1. Uncertainty

  2. Globalization

  3. Innovation

  4. Government policies

  5. Technology

  6. Diversity

  7. Complexity

  8. Information overload

Problems

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Uncertainty

Uncontrollable problems makes companies stick to short-term goals that are less rewarding

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Globalization

Costly adjustments to serve new markets

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Innovation

Balance between how much freedom given to employees and control exercised by managers

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Government policies

New regulations complicate decisions made by executives

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Technology

Companies invest in new tech to take advantage of their benefits before they become obsolete

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Diversity

Adds value in products and services but difficulty bringing together a diverse group of employees and work for a single goal

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Complexity

Business transactions become more complex because of diverse cultures, globalization, and informational technology

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Information overload

Fast paced and large availability should be considered