Outline the challenges Posed by Emerging Trends in business.

-There is a challenge in changing the type of business activity to engage in.
-It is also difficult to attract additional capital especially for those who want to venture in small businesses due to the preference accorded to large enterprise owners by the loaning institutions
-Entrepreneurs also have the challenge of sustaining and maintaining their businesses
-Human resource is the one who can make best use of other resource to convert raw materials into finished products. If no proper resource to convert raw materials into finished products. If not properly managed, the enterprise may not be able to realize its objectives
-Marketing is also a challenge because if no proper marketing strategy is not formulated, then the business enterprise may collapse. Marketing is the lifeline of any firm.
-Developing and entrepreneur culture is also very difficult due to difficult of many cultural activities that inhibit entrepreneurship.

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sharon kalunda answered the question on April 16, 2019 at 12:01