Global Knowledge
Development of Knowledge can be acquired through learning, experience, or agile lessons. Innate skills or gifted people create products for various fields. There could be talented people who qualify for public speaking in the world. However, economic success is not generated only with great speeches, elocution, or histories.
Working capital or resources do not handle customer service and perform business transactions. Mostly, it requires certain formalities, trustworthy management & effective employees to maintain businesses and the economy.
Performance Assessments
Global economy might be derived from common knowledge, creative mentalities, or business performances. If all sectors could identify risks or trace business barriers; bankruptcy & economic failure would not exist in the world.
Tracing & rating management and employee performances may be sorrowful or shameful to sectors but, it helps recognize malfeasance that fails businesses and the economy. Lack of expertise and sector divergences are hidden facts and hindered global development.
Crisis Analogies
Analyze that a country that has no meteorologic systems to forecast the weather conditions; hurricanes & violent storms can devastate the nation, properties & business resources at any time. Analogously sectors that process partial assessment can be faced with sudden crises & bankruptcy. Therefore, all sectors are suggested to develop ethical competencies and conduct auto-evaluations to prevent business losses and economic failure.
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