Essay Sample on World of Business

Introduction

In the current society, conducting business can be challenging due to an increase in competitors on the market. Some competitors tend to be highly skilled, thus leading to competition on the market. For a person to become successful in the business world, they have to have better leadership skills which will help in promoting conduction of various tasks in the business. Also, as a leader in the business, one sets goals and objectives that are "SMART." For one to stay ahead in business, they have to manage infrastructure, marketing, productivity and innovation. Therefore, the continuous development of business organizations in society has led to the competition of products and services in the market. Due to this reason, this paper will focus on the world of business and what influences businesses hence improving the sale of products and services to the consumers.

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Save 25%

In the world of business, innovations are the crucial drivers leading to business success. Innovations require adequate research which allows the business persons to be ahead of their competitors. For example, if one focuses on both the current and previous business trends, one can predict the future trend, thus working towards them. Innovations which are developed in the organizations help in improving the quality of the product hence winning the consumers at the market. For example, the designers at Nike Company established a brand which helped the organization to win the heart of people (Miller, 2019). Therefore, focusing on the current innovations in the business, it helps one or the organization to achieve their set goals and objectives.

Consequently, leadership influences the business world since leaders tend to provide strategies and decisions which affect productivity at the organization. Leaders in business are supposed to have adequate skills and knowledge which can help them to run the business. In the organization, leaders tend to motivate their employees and allow them to come with ideas which can assist in improving business performance. Leaders can market their businesses by telling others what they produce. One can market their products and services through social media platforms, thus targeting a wider group of persons (Nohria, 2017). Through advertisements, leaders can attract investors and consumers, thus improving their market area. Therefore, the use of ever-expanding communication channels such as Facebook, Twitter and Instagram can help in raising businesses status compared to their competitors.

Additionally, organizations ensure their infrastructure is good since it involves the planned production approaches which can afford for errors in the production sector. Business administration ensures that their employees are well trained to produce quality products and disseminate quality services. Educational courses are provided to the employees, thus making them acquire updated information regarding production in organizations. Also, whenever the workers know the challenges which befall production, they can put some mitigation factors which can make the business to flourish (Miller, 2019). Therefore, business managers ought to have appropriate communication skills which help them to respond to various economic shocks that affect businesses.

Therefore, the business world has continued to grow from recent years, thus promoting productivity in organizations. Also, competition has increased among companies, thus making the business leaders focus on things that can win the hearts of their consumers. For example, some of the crucial drivers to the business world are productivity, marketing, infrastructure and communication among workers and stakeholders. Organizations tend to develop their brands, thus making their consumers to quickly and easily identify them in the market. Therefore, improving social media platforms can assist organizations and other business sectors to advertise and sell their products to consumers.

References

Miller, B. (2019). My Top 4 Ways to Stay Ahead in the World of Business. Retrieved from https://www.forbes.com/sites/biancamillercole/2019/01/07/my-top-4-ways-to-stay-ahead-in-the-world-of-business/#7b2ccbe017cf

Nohria, N. (2017). Fast forward: The best ideas on managing business change. Business Review, 9, 10. Retrieved from file:///C:/Users/TREVOR/Downloads/BurnesBernard-Managingchange2017Pearson.pdf