Different Kinds of Advancements in the 21st Century (Essay Sample)

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Developments that will Define Business in the 21st Century
The businesses world in the 21st century portrays various developments. Technology, competition, globalization, climate change, and the fact that people have become more knowledgeable have influenced these developments. All these factors have significantly impacted the manner in which businesses operate today. Technology and globalization are the key factors that have changed the performance of organizations today. Therefore, organizations are coming up with strategies to enable them to cope with the developments being experienced in the business world.
For example, development in leadership has been one of the critical issues that businesses are targeting. For any business to be successful, people who are equipped with the right leadership skills must govern it. The leaders must understand all the operations of a company so that they can adequately address any weaknesses present. They must also be capable of uniting the employees such that communication flows smoothly from one employee to another. A large number of organizations have fallen because of ineffective communication and leadership strategies. It is because of this that most organizations are focusing their attention on developing their leadership strategies to enhance effective coordination within the organization. These will make the operations of the organization to be smooth.
To have a team of competent leaders, therefore, it is the responsibility of organizations to ensure that they invest heavily in leadership development. Organizations are supposed to ensure that the best performing employees are paid salaries that represent their contribution to the organization to sustain their productivity. Organizations that do not have competent leaders should make sure that they advertise for top leadership positions and then promise the potential applicants high remuneration once they qualify.
The environment is also a factor that businesses are aiming to improve. With the current changes in climate, it has become essential for companies to implement all measures necessary to minimize pollution to the environment. The idea is especially apparent in those businesses that engage in industrial processes. They are investing many of their resources in cleaning up the environment where pollution is rampant. They are also resulting in other production processes that are friendly to the environment.
Globalization is a term that has gained popularity in the 21st century. Since many organizations lack further opportunities for expansion in their home countries, they find it worthwhile to take their operations to other countries so that they can adequately boost their profitability and competitiveness. Globalization has become possible today because many countries have opened up their borders and removed trade restrictions.
Since globalization has intensified competition, businesses have been forced to come up with products that compete effectively in the different markets across the globe. They are therefore designing high-quality products, which will meet the diverse needs of the customers. Organizations have adopted production mechanisms that are more ef