essay about my future business

The Prospects of Future Business Essay

Introduction, how the business will be like in 20-30 years from now, how will the economy, business, and society function, the type of jobs that will appear, what my role will be, my own question.

The prospects of the business, say in 20 or 30 years to come, will have to vary, especially with the current enormous impetus for economic growth. Besides economic growth, Gitman and McDaniel (2000, p. 115) opine that corporate futurists expect that businesses will actively pursue emergent opportunities capable of endearing them to economic growth strategies. The overriding prospects of the businesses will be to seek greater profitability to increase cash flow.

The business community also expects that the expansion of information technology will continue to influence the scope of business in the years to come. Moreover, efforts will be to create greater sales for both products and services that corporations offer to ensure that businesses can always guarantee competitive services and products to increase customer experience and to boost corporate efficiency.

Just like in any other endeavor, the business community expects greater demand for its products and services, and this point to greater need to improve operational systems while integrating their services to remain relevant to the emergent consumer needs (Hamel 2007, p. 56). Among the drivers that will shape the prospects of future business includes the need to embrace diversity, the need to improve environmental awareness, and the need to advance technology in the concept of doing business, among other things.

The world economic landscape keeps on shifting and rapidly becoming increasingly global, and in the next 20 or 30 years to come, it will be more diverse. Virtually, in every organization in the developing as well as in the developed economies, embracing diversity continues to be the hallmark of business survival. The greatest concern of the 21st century is rather how successful organizations are, especially at exploiting the evolving opportunities while tackling their underlying challenges as well (Hitt, Black, and Porter 2005, p. 56).

Achieving such a great feat will depend on how intelligent businesses are at observing as well as interpreting the dynamics of the societies under which businesses operate. Cultivating a global mindset, for instance, will be a key ingredient for nurturing corporate intelligence. The environment under which most organizations subsist will be more than ever before, complex, global, dynamic, extremely volatile and yet, highly competitive.

This trend is likely to expand, and even accelerate in the years to come, especially regarding the ever-changing market trends (Schirato and Webb 2003, p. 34). Apart from these external conditions, research documents that numerous businesses currently face many global challenges, especially those linked with talent flow, generational conflict – including the shortage of much-desired competencies (Fisher 2009, p. 348).

Business futurists hypothesize that among the major institutional challenges for most organizations is that their lifeline depends solely on their propensity and wish to be global. Within these facts, a business may have to outsource for a diverse employee base, which will, in turn, create jobs for prospective employees anywhere across the world (Gitman and McDaniel 2000, p. 145).

Moreover, businesses aspiring to be on the global map will have to be systematic, especially in managing their human resource capacities to infer greater economic appeal. Essentially, this aims at streamlining the organization in an attempt to improve the global household consumer experience. All these endeavors seek to secure organizational effectiveness and sustain a competitive advantage for businesses.

In every part of the world, businesses face an uphill task to conform to the laid down environmentally friendly practices. The increased economic activities in various parts of the world will result in the production of more energy to meet consumption demands. This massive production is responsible for environmental degradation experienced in various regions will continue to fuel fears that if things continue this way, the environment may not be able to sustain the demands of production.

The need for a sustainable approach to an organization’s environmental awareness, therefore, will continue to be the concern of environmentally friendly bodies that seek to perpetually remind organizations of their roles in making the business environments and our society safer (Perron, Cote and Duffy 2006, p. 557). Several businesses will have a duty to engage in environmentally friendly initiatives aimed at improving the quality of their environmental performance.

Organizational environmental awareness, according to King and Lawley (2013, p. 66), will help businesses to be mindful of the environment, thus assisting them in nurturing environmentally friendly practices. While this awareness is expected to inform the business of the numerous benefits to environmental awareness, the business will have no choice but to conform to the laid down environmentally friendly corporate ideals or face rejection from the authorities.

The benefits of environmentally friendly practices are varied, including reduced corporate liability and financial savings, among other factors, and business growth might be read on these lines in the future. However, Rollinson (2005, p. 50) opines that there several constraints might normally inhibit the full realization of responsible and environmentally organization, especially if there are no stricter jurisdictions to that effect. Some of the most notable constraints are concerns related to corporate culture, including change management.

According to Lussier (2006, p. 34), to overcome these concerns and succeed in the implementation of robust environmental conscious initiatives, the role of organizations in understanding the environmental needs will have to suffice above all other operations.

Moreover, there will be a great need for businesses to emphasize the importance of environmental awareness and training that seeks to produce responsiveness in business by training and popular participation that nurtures safer environmental commitment and understanding. Equipped with this awareness, organizations will amicably understand how their surroundings can affect and be, in turn, affected by their activities.

The world over, marketing professionals constantly adjust their business strategy and tact to exceptionally reach out to the ever-changing customer demands (Lamarre, Galarneau, and Boeck 2012, p. 1). From this aspect, businesses have no option but to keep within the technological advancements that continue to drive business operations.

With the modern-day shift to adoption of media services in the concept of marketing, Khalifa and Shen (2008 p. 112) opine that mobility is rapidly becoming an ordinary way of life as well as a concept of doing business. Innovative business mind-sets that have effectively integrated e-commerce within their marketing strategy will not relent in their choices but to view mobile social media marketing as the next best-exiting business opportunity that must be upped through technological advancements (Lamarre et al. 2012, p. 3).

Mobile social media marketing will grow in stature and differentiate itself from the contemporary media marketing concepts in the years to come. This arguably will further grow through the highly interactive nature supplied by web browser advantages and mobile device interface will continue to make it possible for businesses to offer continuous services and access to the prospective customers, anywhere, anytime (Davis, Sajtos 2009, p. 16).

Technological advancements will effectively do businesses to suffice as robust, dynamic while offering personal mediums that will further shape the future marketing and consumption trends (Jadhav, Kamble, and Patil 2012, p. 48). Mobile social media marking has had the ability to integrate several forms of mobile device technology and practices such as the Internet, VoIP, mobile SMS, Bluetooth, mobile e-mail.

Other than these concepts, such as SMS marketing, mobile gaming, mobile advertising, online exchange, as well as location-based marketing have been the face of modern business (Lamarre et al. p. 5). Much is expected to change with changes and improvements in technology, and business futurists do predict with a precision that businesses that embrace technology will have a fair share of their bargain.

From the foregoing analysis, the prospects for the future scope of business will vary significantly. Naturally, my role to partake in the rapid business growth will depend on many factors already outlined here above. I seek to embrace diversity in my professionalism. Moreover, I endeavor to improve my environmental awareness, as well as the need to advance my technological know-how, especially in the concept of business.

While businesses futurists may predict the possibilities of the prospects of business in these realms, it is prudent to pose one question: What must I do to do the business worth its progression? Being already aware of the drivers for change in the concept of business, I endeavor to play a significant role in making these predictions positive by nurturing the ideals that might bring forth greater corporate efficiency.

As an individual, I recognize my role in cultivating corporate ethics, capable of endearing my business orientation to acceptable production practices that guarantee safer environments. Moreover, I remain cognizance of the fact that technological advancements guarantee the future scope of businesses; hence, it becomes necessary to keep with the changes in technological concepts.

Davis, R., and Sajtos, L. 2009, ‘Anytime, anywhere: Measuring the ubiquitous consumer’s impulse purchase behavior,’ International Journal of Mobile Marketing , vol. 4, no. 1, pp. 15-23.

Fisher, E. A. 2009, ‘Motivation and leadership in social work management: A review of theories and related studies,’ Administration in Social Work, vol. 33, no. 9, pp. 347-367.

Gitman, L., and McDaniel, C. 2000, The future of business (Millennium ed.), South-Western College Publishers, Cincinnati, Ohio.

Hamel, G. 2007, The future of management , Harvard Business School Press, Boston.

Hitt, M., Black, J. S. and Porter, L. W. 2005, Management , Prentice Hall, London.

Jadhav, N., Kamble, S., and Patil, M 2012, ‘Social Media Marketing: The next generation of business trends’, Journal of Computer Engineering , vol. 2278, no. 8727, pp. 45-49.

Khalifa, M., and Shen, K. N. 2008, ‘Drivers for Transactional B2C M-commerce Adoption: Extended Theory of Planned Behavior,’ Journal of Computer Information Systems , vol. 48, pp. 111-117.

King, D., and Lawley, S. 2013, Organisational behaviour, Oxford University Press, Oxford.

Lamarre, A., Galarneau, S. and Boeck, H. 2012, ‘Mobile marketing and consumer behaviors current research trend’. Int. J. Latest Trends Computing, vol. 3, no. 201. pp. 1-9.

Lussier, R. 2006, Management Fundamentals: Concepts, Applications, and Skill Development (3 rd ed.), Thomson/South-Western. Mason, Ohio.

Perron, G., Cote, R., and Duffy, J 2006, ‘Improving environmental awareness training in business’, Journal of Cleaner Production , vol. 14, no. 6, pp. 551-562.

Rollinson, D 2005, Organisational Behaviour and Analysis (3 rd ed.), FT/Prentice-Hall, New York.

Schirato, T. and Webb, J 2003, Understanding Globalization , Sage Publications, New York.

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Business Essay Examples

13 Business Essay Examples for Students

15 min read

Published on: May 1, 2023

Last updated on: Oct 28, 2024

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Are you struggling to figure out the structure, research, or data required to make your essay stand out? Or frustrated by the lack of inspiration and ideas for your essay?

But don't give up yet! We have a powerful solution that will make your essay writing a breeze. Our list of business essay examples is here to help! 

We have compiled expertly written business essay examples that will illustrate how to write a striking business essay.

With our examples, you'll be able to see how to structure your essay and generate creative ideas for your topic. And our tips will help you make the most of these examples.

So, let's dive in and get ready to learn!

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What is a Business Essay?

A business essay is a type of academic writing that focuses on business-related topics and issues. These essays can cover a wide range of topics such as marketing, finance, management, entrepreneurship, and more.

The importance of business essay lies in presenting a well-researched and informed analysis. To do this effectively, writers need to conduct extensive research and analysis on the topic at hand.

Referring to examples of business essays can help you gain insight into the structure, tone, and content of a well-written essay.

Business Essay Examples For Students

Here is a list of business writing examples

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Types of Business Essay with Examples

When it comes to business essay writing, there are several different types that you might encounter. 

Here's a brief overview of each type, including their characteristics and an example of each.

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Case Studies

A case study is an in-depth analysis of a specific business situation or problem. It involves extensive research and data analysis to provide recommendations.

Case studies often showcase the application of theory to real-world business scenarios.

Example: 

Research Papers

Research papers involve a more academic approach to business writing. They typically require an extensive literature review, data analysis, and original research. 

Business research papers aim to contribute new knowledge to the field of business. These often involve a hypothesis or research question.

Argumentative Essays

Argumentative business essays aim to persuade the reader to adopt a particular point of view or take a specific action. They present an argument and use evidence and logic to support their claims. 

Argumentative essays can address various business topics such as management practices, ethical issues, or market trends.

White Papers

A white paper is a document that provides a detailed explanation of a particular issue or problem, often with recommendations or solutions. 

White papers are typically used to educate stakeholders about a specific topic. These are often used in the business-to-business (B2B) context.

Comparative Essays 

Comparative business essays compare and contrast two or more topics or ideas. They typically analyze the similarities and differences between the topics to evaluate their pros and cons. 

Comparative essays can focus on various aspects such as products, companies, markets, or strategies.

How to Structure Your Business Essays

As you begin writing your business essay, it's important to structure it in a clear and organized way. 

Here's a step-by-step guide with business essay samples to help you do just that:

Executive Summary

The executive summary is a brief overview of your entire essay. It should summarize your main points and highlight your recommendations. 

This section should be written after completing the essay, as it gives a clear picture of what the essay covers. 

Here is how you start a business essay sample:

Introduction

The introduction sets the stage for the rest of the essay. It should introduce the topic, provide background information, and explain the purpose of the essay. 

Here is a business essay introduction example:

Industry Analysis

In this section, you'll conduct a thorough analysis of the industry in which the business operates. You should examine factors such as competition, market trends, and customer behavior. 

Here is a sample industry analysis

Key Issues or Problems

This section should identify the main issues or problems faced by the business. You should provide evidence to support your claims and analyze the impact of these issues. 

Here is an example paragraph:

Solutions or Recommendation

Here, you'll provide solutions or recommendations to address the issues identified in the previous section. Your solutions should be well-supported and feasible. 

For instance:

Implementation Plan

For this part, you'll outline a plan for implementing the solutions or recommendations you've proposed. This is sort of a description of the business model you suggest. 

This section should be detailed and include specific action steps. 

For example:

Finally, in the conclusion , you'll wrap up your essay by summarizing your main points and reiterating your recommendations. 

This section should be clear, concise, and impactful. 

By following this structure, your business essay will be well-organized, coherent, and easy to follow for your readers.

Looking for inspiration? Our comprehensive list of business essay topics will spark new ideas for your writing.

Tips for Using Business Essay Examples Effectively

Now that you have quite a few business essay examples at hand, you should know how to use them effectively:

• Use them as a guide, not a template : While it's great to learn from examples, you should never copy them outright. Instead, use them as a starting point for your own research and writing.
• Analyze the strengths and weaknesses of the essay : Take note of what works well in the example essay, as well as any areas that could be improved. This will help you understand how to make your own essay even better.
• Use them to inform your own research and writing : Pay attention to the research methods, sources, and evidence used in the example essay. This can give you ideas for your own research and help you strengthen your arguments.
• Avoid plagiarism and ensure proper citation: Whenever you use ideas or information from an example, make sure to cite your sources. This will help you avoid plagiarism and maintain academic integrity.

You now have plenty of business essay examples on different topics to help you get started!

By following our tips and studying the sample essays, you can confidently write your own essays that are clear, concise, and impactful. 

However, if you still find yourself struggling with your business essays, just reach out to our professional business essay writing service . 

We have the best online essay writing service and are ready to provide you a high-quality business. Our writing service has subject specialist writers who can tackle any business essay topic.  

So why wait? Contact us today and let our AI essay writer take your business essays to the next level!

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