The paper "Understanding Organizational Challenges" is a wonderful example of a report on management. Organizations are a combination of human beings, Technology, Science and other social aspects. Therefore, proper and successful management is essential in having a competitive advantage. The article “ The critical challenges facing New Zealand's chief executives: implications for management skills. ” Hutchison & Boxall (2014) presents the challenges faced by New Zealand in the years two thousand and eight to two thousand and nine during the Global Financial Crisis. The environment under which an organization works determines how strong management skills need implementation (Singh, D.
and LaBrosse, 2011). The article’ s main aim is to present the main challenges faced by most Chief Executive Officers in an array of firms, public entities, and Non- Governmental Organizations and their implications on skills of Management. This essay therefore basis its main argument on the essence of understanding Organizational challenges in order to have sound management skills for competitive advantage. New Zealand suffered a great loss after the Global Financial Crisis experienced in many counties. It also faced a huge impact from environmental disaster caused by an earthquake in two thousand and ten.
Although there was only one fatal case reported, there were records of many buildings destroyed (Kids, 2016). Transport, electricity, and phone lines also faced destruction. Liquefaction led to the loss of water hence most schools and business premises closed down. New Zealand, a country with an approximate population of four point five million has most of its companies as foreign-owned. Automobiles have the least spread of entities, which limits the utilization of people with such skills. The low production towards New Zealand’ s economy has led to low wages on their employees and as a result, brain drains as people search for greener pastures in foreign countries (McDonnell & Burgess, 2013) The article has presented a comparison between New Zealand and Australia whereby the latter outweighs the former.
The writer supports the article's view of the expected changes in the business environment because of globalization, technological advancements, and megatrends in general. These have shaken the equilibrium in the existing businesses.
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