Question

Based on text book Management (Robbins S.) and Contemporary Engineering Economics (Chan Park).

State 4 current global economic issues, the affect to management decisions with examples of each.

I need some ideas for very short essay.

Answer 1

The Global economic issues are related with various problems like unemployment on the utilization of resources and lots of things which create a mess in the global economy. All the countries face the problem of poor export and import and slow trade. According to the surveys many countries are not in a position to experience good trade practices, that is the only reason they are taking loans from the other countries and are losing their control as there is totally an imbalance situation in all over the world.
When we talk about the management disease, management which is very critical to take charge of in this type of situation by the higher authorities because all types of organizations face some of the problem of recession and the slow productive activities. In such a situation where the productive activities go slow, the management of the organization also becomes difficult to be kept with the same pace as in the normal situations.