An Outstanding Topic in the Current Global Business Environment (Term Paper Sample)

Introduction
Contemporary issues in business come out as an outstanding topic in the current global business environment. They are the current issues that affect organizations worldwide in their operations hence impacting on the aspects of management and leadership. In this regard, regardless of the size, age location, organizations have to examine the emerging trends to deal with them. Contemporary issues launches new challenges affecting various scenarios of conducting business. These problems include the adverse effects encountered by the business when conducting their activities. Notably, these trends also contribute to the creation of heightening opportunities (Rosenbach et al., 2019). Businesses need to evaluate the trends so that they can convert them into opportunities and gain a competitive advantage to competently attain the target goals. Examples of these contemporary issues include globalization, technological enhancements, employee rewards, working conditions, workforce diversity, cybercrime, corporate social responsibility, ethical practices, gender equality, and political, legal, and economic environments, among others. Since these contemporary issues involve a variety of challenges that affect businesses, management, and leadership of corporations should consider embracing modern strategies to transform the challenges affecting them into opportunities. In analysing and understanding the contemporary issues affecting business management and leadership, this paper shall utilize organizations like Tesco PLC to understand and find out the degree at which these issues affect business organizations (Alvinius, 2017).
Contemporary Issues in Business
Globalization 
The attainment of business target goals can be derailed by a variety of challenges arising from the blending of different cultures. One such factor is globalization, which has affected many organizations such as Tesco PLC that trades as a British multinational and groceries and general merchandise retailer (Alvinius, 2017). Tesco PLC faces various challenges that arise as a result of globalization when conducting its business activities in various countries, particularly in Asia. In the international market, the organization is faces by stiff competition because having free market allows few barriers that allows entry of other retailers in the business. The challenges need new approaches on how to counter the competitors. Hence, to curtail the globalization effects, Tesco Company has to understand the various trends that are present in the global market and learn how diverse cultures correlate. The management at Tesco PLC has to implement extensive researches to collect data in the international market to enhance the mitigation of globalization. 
Cybercrime
Cybercrime that is prevalent in the business also presents threats in transactions and data protection. Organizations experience risks that involve workers databases, clients, and the internal environment. Tesco, for example, has to protect the privacy of its customers’ information regarding various issues like debit and credit card details that is usually target by hackers. Additional, cybercrime is a threat to all clients in the world since the process of transacting business operations requires network connections. The malicious activities of hackers negatively affect businesses (Lis and Tomanek, 2017). Hence, the management has to employ the necessary mechanisms for the protection of data.