LS1854: In the prevailing context of business world wide, the organizations are faced with five critical challenges viz

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Question: "In the prevailing context of business world wide, the organizations are faced with five critical challenges viz;

Globalisation,

Profitability through growth,

Technology,

Intellectual capital and Change, and

Change and more change,

Collectively these challenges require building new capabilities.’%

Elaborate this statement and discuss the underlying concepts with respect to the organisational efforts in the directions of addressing these challenges and their fall out / impact, from the experience you have had while working in an organisation or from the ones you are familiar with. Give relevant details of the organisation/s you are referring to.


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