Compose a 1500 words essay on Organisations today face significantly different challenges from those of the past, for example in terms of global recession, climate change, terrorism, international com

Compose a 1500 words essay on Organisations today face significantly different challenges from those of the past, for example in terms of global recession, climate change, terrorism, international competition, technological change and more mobile workforces. It seems reasonable to sup. Needs to be plagiarism free!

Organization leadership has the problem of presenting the change of technology to the staff. Technology has been improving daily and adapting to the challenge takes time (Goddard & Molyneux, 2001).

Banking industry is one of the industries in the world that has faced challenges that has targeted its leadership style. The emergence of the new and sophisticated technology has led to new innovations that have been applied in the banking industry. Apple pay for example has been launched by the apple company (Thompson & Vecchio, 2009). The system provides a payment system that is touchless targeting I phones. The emergence of non bank entities has been known to replace the activities done by the bank. People are no longer queuing at the bank to make the transactions as it was previously done in the many banking industry.

Mobile phones technology for example has replaced most of the banking activities and people currently are doing their transactions by utilizing technology in provided by the phones. It is no secret that technology is changing the leadership and the operation of the banking industry. Mobile banking is on the rise to help keep up with the current generation made up of so many young members being optimistic about the future of their finances (North house, 2013). Technology has been it even easier for the people in developed countries since most of the people are no longer going to the bank but are using the current technology to deal with their transaction from the comfort of their home or even the office. Technological change has forced the leadership of the banking industries to place their bet on applications and optimistic that the next generation will follow suit.

The leadership of the industry should therefore be updated with the emerging innovation in order to stay relevant and serve more and more people. Venmo is among such application that has made it possible to receive and sent money, rent payment, splitting of checks