business in the future essay

What’s the Future of AI in Business?

Mark Esposito offers insights on the future of AI.

Lian Parsons

According to artificial intelligence expert and instructor at Harvard DCE Professional & Executive Development Mark Esposito, technology can empower us to address some of the biggest challenges we face today.

He offers his insights on the present state — and potential future — of AI.

What are some current AI trends in business and what value do they bring?

The trends in business that we see today in AI are largely coming with the increase of efficiency and productivity for many firms. Through the distribution of AI to different open AI models, more companies are exploring the possibilities to have some form of machine learning in their operations.

Many years ago, in trying to improve manufacturing and production, these improvements were related to the physical world. We now see a very similar phenomenon happening with service companies; they’re trying to use AI to enhance what they do. 

For example, marketing today is much more about digital interfaces because technology made it possible. Now with AI as part of the equation, it changes even more — interfacing with customers, profiling, the kinds of campaigns, and the algorithmic governance that we have. 

What does AI mean in your field?

There are a few functions in which we talk about AI in my field. When we are doing programs here at Harvard, we think of AI as autonomy; we’re building some degree of automation in the decision-making process. 

AI is also advanced statistics. Sometimes there’s a bit of mystique around AI, but it’s mainly those advanced statistics that, through computer power, generate many different outputs which then become predictions.

Fundamentally, artificial intelligence is about the ability to use algorithms to define patterns. Once you recognize the patterns, you can eventually predict them. And once you can predict them, you can prescribe meaning. 

What are some of the potential challenges that you have to apply to AI in business?

In a dynamic algorithmic model, sometimes the pace of predictions happen faster than our ability to make decisions or to understand them. This time lapse is not easy to mitigate. 

We also have the ethical dimension. AI technology exists on its own, but it’s an extension of human thinking. I call it an extension of the brain. If you have some form of biases that are injected into the algorithm, you’re likely going to digitally amplify the bias in the software or the AI solution. This becomes problematic when a limitation of a person or a group of people’s mental models now become the norm, or they become standardized. 

When we don’t have clarity on how the predictions are generated, it becomes very difficult for us to build defensibility or accountability. The challenge that we have to address is deciding the role of humans and how we make the technology human-centric. Even if humans are largely relieved of a repetitive task, it doesn’t mean that we are removing the delegation of power to humans. If we’re unclear about that role, then we have to intentionally try to define it.

When we are looking at technologies like AI, we need to think about how we audit, because we need to make sure that we are clear that some processes might be flawed. We also need a margin of response in case something goes wrong, because no matter how automated the process is, the final 1 percent should really be about people making decisions.

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What are some examples of AI use cases in business? What has been successful and what hasn’t? 

Some of the most successful examples of AI are in the financial industry. One example is credit card fraud prevention. We know that somebody is using our credit card against our will because our behavior is profiled by credit card companies; we tend to be repetitive in the things we buy, in the amount we buy, in the locations we buy. When a credit card is stolen and used by somebody else, that generates an anomaly. The prevention of credit card fraud has largely been preempted by the use of AI. 

We cannot always use AI as a prediction of social unrest. In journalism, we cannot write about social trends that easily because there are so many variables we can’t know or anticipate in a mathematical manner. Healthcare and education has made good progress, but we still need infrastructure for some of the technology to be integrated if we want to scale solutions to more people. 

It is oversimplification to think that just because we can automate or digitize the process, it will work. We are still in the early stage of learning where technology can help us accelerate and where it has held us back. The next few years will be critical for us to better understand this. 

Artificial intelligence is about the ability to use algorithms to define patterns. Once you recognize the patterns, you can eventually predict them. And once you can predict them, you can prescribe meaning. 

How might we see the acceleration of AI being integrated in day-to-day life in the coming years? 

One of the likelihoods is that we’ll see  a fusion of cybernetic capacity into our lives. We call it “the cognification,” where cognitive and technology are combined. Smart infrastructure will likely make future infrastructure much more responsive, technologically advanced, and more environmentally friendly.

Augmented reality is becoming more and more possible. Reality and virtual reality may coexist at the same time, which means that our sense of perception will no longer come from the traditional normative idea of perception, but it will be discretionary depending on what we’re going through. This opens up the possibility to explore more nuances, but could be dangerous because we could see multiple versions of the same truth, and build even deeper echo chambers of information. 

How have the industries from which course participants are coming changed? What are people curious about?

When I have such a rich array of people from all over the world in my classes, an interest in algorithmic governance is common to many of them. When I started to teach the AI programs in 2019, the question that was asked was very different. Now there are people who feel that we need to start thinking about the rules of engagement.

When I first started many of those participants were coming from technology companies. Today, I think technology companies are now one of the many. Participants include people working in legal practice, in manufacturing, in academia, in construction.

Everybody has an opinion about Chat GPT; some use it extensively, some don’t know how to use it, some banned it. But there’s also a lot of thirst and interest from the participants to get a bit deeper. They all get exposed to AI, but they don’t get deep enough for them to have a sense of true understanding. 

I think there’s a lot of opportunity to distill knowledge in the right way. In my course , it becomes a form of building strategic value by creating value, rethinking your operations, or redesigning your organization so employees don’t fear technology. Otherwise you’re going to have an arsenal of people that are scared that they’ll be replaced by AI, which is not the narrative I like to believe in.

How do you generate immediate value for your students while still making the knowledge applicable for as long as possible? 

My lucky combination is that on one hand, I’m an academic. I engage with important questions, because that’s the nature of inquiry. I am also an entrepreneur. I co-founded an AI company, Nexus Rentier Tech, and a lot of my learning comes from the practice of AI with clients and with use cases.

The reality of running the company from an entrepreneurial perspective gives me a sense of direction on where the market is. The academic side of me goes back to the inquiry and asks, what is happening and why? I found that I can strike the balance between these two sides, the theoretical and the practical, and it works for me.

Every iteration of the program also needs to integrate new technology transformations because this industry is changing very fast every day.

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About the Author

Lian Parsons is a Boston-based writer and journalist. She is currently a digital content producer at Harvard’s Division of Continuing Education. Her bylines can be found at the Harvard Gazette, Boston Art Review, Radcliffe Magazine, Experience Magazine, and iPondr.

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How to Write a Business Essay for Impactful Communication and Analysis

So, you've got a business essay coming up, and you're feeling a mix of excitement and a tad bit overwhelmed, right? Totally get it. Writing a business essay might sound boring, but trust me, it's a skill that's gonna come in handy when you're out there in the real world.

In this article, we're dishing out some awesome tips just for you if you have question on how to start a business essay. Think of it as your secret weapon to tackle those business essays like a pro. We'll keep it real, easy, and super practical – no fancy jargon or complicated theories. Let's dive into the world of business essay writing, where your words can make a big impact. In case you lack time or motivation to finish your assignment, use our business essay writing service to streamline the process.

What Is a Business Essay

Business essays are written pieces that explore and analyze various aspects of business-related topics, often focusing on management, marketing, finance, or entrepreneurship. They provide a platform for students and professionals to articulate their understanding of business concepts, theories, and real-world applications. Typically written in a formal and structured manner, a business essay requires critical thinking, research skills, and the ability to communicate ideas effectively. Whether delving into case studies, discussing industry trends, or evaluating business strategies, the essay aims to provide insights, draw conclusions, and contribute to a deeper understanding of the dynamic world of business.

How to Write an Introduction for a Business Essay

A business essay introduction sets the tone for the entire paper and captures the reader's attention. Here are some steps and tips to help you write an effective introduction for a business essay:

• Understand the Purpose of the Introduction

Clearly understand the purpose of your essay. Are you providing an overview of a business concept, analyzing a case study, or arguing a specific point? Tailor your introduction accordingly.

• Start with a Hook

Grab the reader's attention with a compelling hook. This could be a relevant quote, a surprising fact, a rhetorical question, or a thought-provoking statement. The goal is to make the reader want to continue reading.

• Provide Context

After the hook, provide some background or context related to the topic of your essay. Help the reader understand the significance and relevance of the subject matter in the business world.

• Thesis Statement

Clearly state your thesis or the main argument of your essay. This should be a concise and focused statement that outlines what the reader can expect from the rest of the essay. Make sure it is specific and reflects the purpose of your writing.

• Outline the Scope

Briefly outline the main points or areas that your essay will cover. This gives the reader a roadmap of what to expect and helps them understand the structure of your essay.

• Use Clear and Concise Language

Keep your introduction clear and concise. Avoid unnecessary jargon or complex language that might confuse the reader. Aim for clarity and precision.

• Be Relevant

Ensure that every sentence in your introduction is directly related to the topic of your essay. Avoid going off on tangents or providing excessive information that doesn't contribute to the main points.

• Consider the Tone

Choose a tone that is appropriate for your audience and the nature of your essay. Business essays can vary in tone, from formal and academic to more conversational, depending on the context.

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Business Essay Introduction Example

Here’s an example of an introduction for an essay titled “The Rise of E-commerce: Shaping the Future of Retail”:

The retail landscape is undergoing a seismic shift as e-commerce continues to redefine the way consumers shop. In this essay, we explore the profound implications of this digital transformation on traditional retail models and analyze the key strategies businesses are employing to thrive in this dynamic environment. From changing consumer behaviors to the strategic use of technology, the impact of e-commerce on the retail sector is undeniable, prompting businesses to adapt or face the risk of obsolescence.

How to Write a Business Essay

Working on a business essay might seem daunting, but it doesn't have to be. In this guide, we'll break down the process into simple steps to help you navigate through it smoothly. In this next section. We’ll be breaking down the essentials of drawing up a business essay from start to finish. From defining your main argument to structuring your points effectively, let's explore the key strategies that will set you on the path to success. 

Analyze the Prompt

Start by carefully reading and understanding the essay prompt. This involves breaking down the question to grasp what it's asking for, identifying the main topics, and recognizing any specific tasks or points to cover. This step helps you set the stage for a focused and relevant essay by ensuring you address all aspects mentioned in the prompt. You can hire a business essay writer to expedite the process if you want.

Think of a Thesis Statement

When writing a business essay, think of the thesis statement as the essay's compass. It should be a concise, strong sentence that lays out your main argument or viewpoint on the topic. Your thesis guides the entire essay, so make sure it's specific, debatable, and gives readers a clear idea of what to expect in your writing.

Create an Outline

We’ve already shared tips on how to write an introduction for a business essay, so let’s move on to the next stages. Organize your thoughts by outlining the main points and structure of your essay. This doesn't have to be too detailed; just a roadmap that helps you see how different ideas connect. An outline ensures a logical flow in your writing and prevents you from going off track. By the way, have you already picked business essay topics ? If not, here’s a list of great ideas you can use!

Provide Topic Background

Before diving into your main points, the business essay writing format implies giving your reader some context about the topic. Briefly introduce the key concepts, relevant facts, or historical background that will help readers understand the importance and relevance of your essay.

Write the Main Body

Start developing your essay by expanding on the main points outlined in your thesis. Each paragraph should focus on a specific idea or argument supported by evidence or examples. Be clear and concise, ensuring a smooth transition between paragraphs. It’s the most difficult part of the assignment, meaning you can use our college essay service to simplify it.

Write a Conclusion

Summarize your key points and conclusively restate your thesis. The conclusion should tie up the loose ends and leave a lasting impression on the reader. Avoid introducing new information but rather reinforce your main argument. For more details about how to write a conclusion for an essay , please refer to our guide.

Add a Bibliography

List all the sources you used in your research. Be meticulous about citing your references properly, following the chosen format (APA, MLA, etc.). This adds credibility to your essay and avoids plagiarism issues.

Edit and Proofread

As you’ve learned how to write a business essay, it’s time to master the art of self-revising. Review your essay for clarity, coherence, and grammatical errors. Editing ensures that your ideas flow smoothly, and proofreading catches any overlooked mistakes. It's a crucial step to polish your essay and present a professional piece of writing. Do you have another assignment on business management ? This guide will help you!

Choose the Writing Format

Reiterate the importance of selecting and adhering to the chosen writing format throughout the essay. Consistency in formatting, citations, and other style elements contributes to the overall professionalism of your work.

Business Essay Example

Business essay examples offer practical assistance to students tackling assignments by showcasing the application of essential writing principles in a real-world context. As a tangible reference, it demonstrates an effective essay structure and how to formulate a clear thesis statement and provide coherent arguments. By examining examples, students can glean insights into research techniques, proper citation practices, and overall essay organization, empowering them to approach their business assignments with increased confidence and proficiency.

Example 1: “The Impact of Technological Advancements on Modern Business Operations”

This essay explores the multifaceted impact of technology on operational efficiency, innovation, customer relations, and global connectivity. From integrating automation and artificial intelligence for streamlined processes to facilitating global expansion through digital platforms, technology emerges as a driving force shaping the success and sustainability of contemporary enterprises. While acknowledging the numerous benefits, the essay also highlights the challenges and ethical considerations inherent in adopting these technologies, emphasizing the need for businesses to navigate these complexities responsibly for long-term growth and competitiveness.

Example 2: “Sustainable Business Practices: A Strategic Imperative for Corporate Success”

This essay explores the pivotal role of sustainable business practices as a strategic imperative for corporate success in the contemporary entrepreneurship scene. Addressing environmental concerns, social consciousness, and economic viability, the essay delves into the multifaceted benefits of adopting sustainable approaches. It discusses how businesses can align profitability with responsible practices, emphasizing environmental stewardship, social impact, and community engagement. The essay underscores the importance of regulatory compliance and risk mitigation in business by examining the economic advantages and innovation opportunities arising from sustainable initiatives.

Final Considerations

Students engage in writing business essays to develop essential skills and knowledge crucial for success in the professional world. These essays serve as a platform for honing critical thinking, analytical, and communication skills, allowing students to articulate and analyze complex business concepts. Through the process of researching, organizing thoughts, and constructing coherent arguments, students gain a deeper understanding of business principles and practices. Business essays also cultivate the ability to synthesize information, evaluate various perspectives, and present well-reasoned conclusions. If you find with task troublesome, you can always tell us, ‘ write my research paper ,’ and one of our wordsmiths will fulfill the assignment quickly.

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How Many Paragraphs Does a Business Essay Have?

What is the most important part of a business essay, how do you start off a business essay.

Annie Lambert

specializes in creating authoritative content on marketing, business, and finance, with a versatile ability to handle any essay type and dissertations. With a Master’s degree in Business Administration and a passion for social issues, her writing not only educates but also inspires action. On EssayPro blog, Annie delivers detailed guides and thought-provoking discussions on pressing economic and social topics. When not writing, she’s a guest speaker at various business seminars.

is an expert in nursing and healthcare, with a strong background in history, law, and literature. Holding advanced degrees in nursing and public health, his analytical approach and comprehensive knowledge help students navigate complex topics. On EssayPro blog, Adam provides insightful articles on everything from historical analysis to the intricacies of healthcare policies. In his downtime, he enjoys historical documentaries and volunteering at local clinics.

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107 Innovation Essay Topic Ideas & Examples

Inside This Article

Innovation is a key driver of progress and growth in any field, whether it be in science, technology, business, or the arts. As such, it is a topic that is frequently explored in essays and research papers. If you are struggling to come up with a unique and interesting topic for your innovation essay, look no further. Here are 107 innovation essay topic ideas and examples to inspire your next writing project.

The impact of artificial intelligence on innovation in the workplace

How blockchain technology is revolutionizing the financial industry

The role of innovation in addressing climate change

The future of transportation: innovations in electric vehicles

The ethical implications of gene editing technologies

How virtual reality is transforming the way we experience entertainment

The rise of telemedicine: innovations in healthcare delivery

The role of innovation in addressing food insecurity

The impact of 3D printing on manufacturing processes

How the sharing economy is driving innovation in the service industry

The potential of renewable energy technologies to revolutionize the energy sector

Innovations in cybersecurity: protecting data in the digital age

The role of innovation in creating sustainable cities

The impact of social media on innovation and creativity

How biotechnology is revolutionizing healthcare

The future of work: innovations in remote collaboration

The role of innovation in addressing global poverty

The impact of autonomous vehicles on transportation systems

Innovations in education technology: transforming the classroom experience

The ethical implications of artificial intelligence and machine learning

The role of innovation in disaster response and recovery

The impact of big data on innovation in business

Innovations in renewable energy storage

The future of space exploration: innovations in propulsion technology

The role of innovation in addressing mental health challenges

How the Internet of Things is transforming everyday life

The ethics of gene editing and designer babies

The impact of virtual reality on mental health treatment

Innovations in sustainable agriculture

The role of innovation in addressing income inequality

The potential of quantum computing to revolutionize technology

Innovations in personalized medicine

The impact of biometrics and facial recognition technology on privacy

The future of sustainable fashion: innovations in eco-friendly materials

The role of innovation in promoting social justice

How drones are revolutionizing industries from agriculture to delivery services

The ethics of autonomous weapons systems

Innovations in clean water technology

The impact of 5G technology on communication networks

The role of innovation in addressing mental health stigma

The potential of regenerative medicine to revolutionize healthcare

Innovations in prosthetics and assistive technologies

The impact of virtual reality on empathy and social change

The future of smart cities: innovations in urban planning

The role of innovation in addressing gender equality

How bioengineering is revolutionizing the production of food and consumer goods

The ethics of artificial intelligence and decision-making

Innovations in disaster-resistant infrastructure

The impact of social media on political innovation

The role of innovation in promoting diversity and inclusion in the workplace

The potential of nanotechnology to revolutionize materials science

Innovations in sustainable transportation

The impact of biotechnology on personalized nutrition

The future of wearable technology: innovations in health monitoring

The role of innovation in addressing plastic pollution

How blockchain technology is transforming supply chain management

The ethics of autonomous vehicles and driverless cars

Innovations in sustainable architecture and design

The impact of artificial intelligence on creative industries

The role of innovation in promoting mental health awareness

The potential of gene editing technologies to cure genetic diseases

Innovations in renewable energy generation

The future of smart homes: innovations in home automation

The role of innovation in promoting environmental sustainability

How bioengineering is revolutionizing the production of consumer goods

The ethics of artificial intelligence and privacy

Innovations in disaster-resistant building materials

The impact of social media on political activism

These 107 innovation essay topic ideas and examples cover a wide range of disciplines and industries, providing you with plenty of inspiration for your next writing project. Whether you are interested in exploring the ethical implications of emerging technologies, the role of innovation in addressing social challenges, or the potential of cutting-edge scientific advancements, there is sure to be a topic on this list that piques your interest. Happy writing!

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Exploring Compelling Business Essay Topics: A Guide

Samuel Gorbold

The very first recorded business contract in history, known as the 'Kushim Tablet,' hails from ancient Sumer, dating back to around 2025 BC. This clay tablet, unearthed in modern-day Iraq, contains details of a business transaction, setting the stage for a practice that remains at the heart of global economies today. This intriguing historical tidbit underscores the enduring significance of business in human civilization. As we delve into writing an essay on business, it's important to recognize that this field, in all its multifaceted glory, has played an integral role in shaping societies, economies, and even our moral compass.

Short Description

In this informative article, experts at our essay writing service online will delve into the world of business essays, exploring what they are and why they matter. Discover the essential components of this type of essay, from format and structure to tips and steps for effective writing. Learn how to choose a compelling topic, complete with topic suggestions for inspiration. Plus, we'll walk you through a real business essay example to provide practical insights and guidance!

Understanding the Business Essay

Business essay is a written piece that explores and analyzes various aspects of the business world. It serves as a platform for individuals to express their thoughts and ideas related to business practices, theories, and ethics. According to our discussion writer these essays play a crucial role in both academic and professional settings, allowing students, researchers, and professionals to convey their insights and knowledge effectively.

To grasp the essence of this kind of essay, it's important to recognize that it adheres to a specific business essay structure and format. This structure typically includes an introduction, body paragraphs, and a conclusion. The introduction provides a clear overview of the essay's main points, while the body paragraphs present arguments and supporting evidence. The conclusion summarizes the key takeaways and emphasizes the significance of the discussion.

One of the distinguishing features of a business school essay is its focus on practicality and relevance. These essays often address real-world issues, making them a valuable tool for conveying information, insights, and recommendations to both academic and professional audiences. These essays can explore a wide range of topics, including business ethics, management practices, economic trends, and industry-specific challenges.

Moreover, business papers contribute to the development of critical thinking and analytical skills. They require the writer to evaluate information, draw meaningful conclusions, and communicate their findings effectively. This process not only enhances one's understanding of business concepts but also prepares individuals to address real-world challenges and make informed decisions.

Business Essay Format and Structure

Understanding the business essay format and structure is crucial for conveying your ideas effectively. Let's break down the key components with practical insights:

1. Introduction: The Opening Statement

In the introduction, you should present the central theme of your essay. Imagine it as your opening statement in a legal argument. For instance, if your essay is about 'Sustainable Business Practices,' your introduction should clearly state what sustainable business practices are and why they are important. It's like making your case to the jury.

2. Body Paragraphs: Building Your Argument

Each body paragraph should focus on a specific aspect of your topic. Imagine these paragraphs as building blocks. If you're discussing the advantages of sustainable business practices, one block could be about cost savings, another about improved brand reputation, and so on. In each block, provide evidence and examples. For instance, you could cite how companies like Patagonia have benefited from sustainability efforts.

3. Discussion of Business Ethics: The Moral Perspective

If your essay delves into business ethics, think of it as introducing a moral perspective. Use real-world examples of businesses that have faced ethical dilemmas and how they resolved them or faced consequences. This adds depth to your essay. For instance, discussing how a company handled a product recall due to safety concerns illustrates ethical decision-making.

4. Business Law Considerations: The Legal Framework

Businesses operate within a legal framework, and your essay should address this. Consider it as discussing the legal regulations that govern your topic. Use examples of companies that faced legal challenges due to unethical behavior. For instance, when discussing environmental regulations, you could mention a company fined for violating pollution control laws.

5. Conclusion: Summarizing Your Case

In your conclusion, recap the main points and restate your thesis. Think of it as summarizing your case before the jury. You're reminding the reader of the key arguments and their significance. You might also hint at the broader implications or future considerations related to your topic.

Choosing Your Business Essay Topic

Selecting the right business essay topics is a critical starting point. It sets the tone for your paper and determines the level of your engagement and interest throughout the writing process. Here's how to choose a compelling topic and some topic suggestions from our economics essay writing services experts:

1. Personal Interest:

One of the best ways to ensure your essay is engaging and well-researched is by selecting a topic that genuinely interests you. Consider the areas of business that intrigue you the most, whether it's entrepreneurship, marketing, finance, or sustainability. Your enthusiasm will shine through in your writing.

2. Relevance:

Choose a topic that is relevant to your academic or professional goals. For instance, if you're pursuing a degree in business management, you might want to explore topics related to leadership, organizational behavior, or strategic planning. If you're writing for a business ethics course, topics related to corporate social responsibility or ethical decision-making could be ideal.

3. Current Trends:

Staying up-to-date with current business trends and issues can lead to timely and engaging topics. Consider researching recent developments in your chosen field. For instance, if you're writing on marketing, explore topics related to the impact of social media or emerging marketing strategies.

4. Controversy and Debate:

Business is often rife with controversial issues that make for compelling essays. Delve into topics where there is ongoing debate, such as the pros and cons of globalization, the ethical implications of AI in the workplace, or the challenges of sustainable supply chains.

5. Practicality:

Choose a topic that allows for practical application. It's rewarding to explore business administration essay topics that not only expand your knowledge but also offer insights you can apply in your future career. Topics related to business strategies, project management, or effective leadership can fall into this category.

Business Management Essay Topics

• The Role of Emotional Intelligence in Effective Leadership.
• Strategies for Navigating Change Management in the Digital Age.
• Assessing the Impact of Employee Training and Development on Organizational Success.
• The Role of Diversity and Inclusion in Enhancing Team Performance.
• The Challenges and Opportunities of Family Business Succession Planning.
• The Evolution of Project Management in the Information Age.
• The Influence of Corporate Culture on Organizational Performance.
• The Importance of Strategic Human Resource Management in Modern Businesses.
• Analyzing the Key Factors in Effective Supply Chain Management.
• The Role of Data Analytics in Decision-Making and Business Strategy.

Business Argumentative Essay Topics

• Is Globalization a Boon or a Bane for Developing Economies?
• Exploring the Ethical and Economic Implications of Data Privacy in the Digital Age.
• Should Companies Be Held Liable for Environmental Damage Resulting from Their Operations?
• The Impact of Artificial Intelligence on Job Displacement and Workforce Evolution.
• Is Social Media a Vital Marketing Tool or a Source of Misinformation and Distraction?
• Analyzing the Ethics of Big Pharma: Balancing Profit and Public Health.
• Debating the Pros and Cons of Universal Basic Income as an Economic Policy.
• The Role of Government Regulation in Fostering Innovation or Stifling Competition.
• Exploring the Challenges of Sustainable Business Practices in a Profit-Driven World.
• The Controversy of CEO Compensation: Are High Salaries Justifiable?

Persuasive Essay Topics for Business Administration

• The Importance of Implementing Employee Wellness Programs in Corporations.
• Promoting the Adoption of Sustainable Practices in Small Businesses.
• The Benefits of Diversity and Inclusion Programs in the Workplace.
• Convincing Small Businesses to Embrace Digital Transformation for Growth.
• The Role of Business Administration in Fostering Work-Life Balance.
• The Necessity of Implementing Effective Corporate Governance Practices.
• Persuading Companies to Invest in Community Engagement and Philanthropy.
• The Need for Small Business Owners to Embrace E-commerce.
• Encouraging Businesses to Develop Strong Social Media Presence.
• The Value of Effective Communication in Business Administration.

Business Ethics Essay Topics

• Analyzing the Ethical Implications of AI in Recruitment and Hiring in International Business.
• The Ethical Dilemma of Privacy Versus Security in Data Collection within the business environment.
• Corporate Social Responsibility and Its Impact on Brand Reputation in Business Education.
• The Moral Considerations of Outsourcing Labor to Low-Wage Countries in Ethical Business Practices.
• Ethics of Patents and Intellectual Property in the Tech Industry, considering supply and demand.
• Whistleblowing: Balancing the Ethical Obligation with Professional Consequences in ethical business practices.
• The Ethical Challenges of Advertising in the Digital Age, exploring international business ethics.
• The Role of Ethical Leadership in Building Trust in Organizations within the context of business environment.
• The Intersection of Business Ethics and Environmental Sustainability, impacting supply and demand.
• The Ethical Implications of Pharmaceutical Pricing and Access, emphasizing ethical business practices.

Business Law Essay Topics

• The Legal Framework of International Trade Agreements and Their Impact on Businesses.
• Intellectual Property Laws in the Age of Digital Content Distribution.
• Analyzing Employment Discrimination Laws and Their Impact on Workplace Diversity.
• The Legal Implications of Cybersecurity Breaches and Data Privacy.
• The Role of Antitrust Laws in Regulating Market Competition.
• Business Contracts: Their Importance, Formation, and Enforcement.
• The Impact of Environmental Regulations on Business Operations.
• The Legal Challenges of Cryptocurrency and Blockchain Technology.
• Consumer Protection Laws in the Era of E-commerce.
• The Legal Aspects of Mergers and Acquisitions: Regulatory Compliance and Challenges.

Business Essay Example for Inspiration

Let's now join our business essay writing service experts as they explore a captivating business essay example, illuminating the path to thought-provoking ideas and innovation in the corporate realm.

Title: The Impact of Climate Change on Agriculture

Climate change, with its far-reaching consequences, has become an imminent global concern. It poses multifaceted challenges to various sectors of society, with agriculture being among the most vulnerable. This essay delves into the profound impact of climate change on agriculture, addressing issues like altered growing seasons, extreme weather events, and strategies for sustainable adaptation.

Altered Growing Seasons

Climate change is leading to shifts in traditional growing seasons for crops. Rising temperatures and changing precipitation patterns can disrupt the natural rhythm of agriculture. As a result, farmers must adapt by adjusting planting and harvesting times to align with these new climate realities. In regions where agriculture plays a pivotal role in the economy, these shifts have significant economic implications. The availability of fresh produce and staple crops may be affected, leading to potential food security concerns.

Extreme Weather Events

One of the most immediate consequences of climate change on agriculture is the increased frequency and intensity of extreme weather events. Droughts, floods, hurricanes, and wildfires are becoming more common, and they can devastate crops, livestock, and infrastructure. Farmers are forced to invest in resilient farming practices and infrastructure to mitigate the impact of these events. Additionally, extreme weather events can lead to soil erosion, loss of topsoil, and reduced land productivity, making long-term sustainable agriculture more challenging.

Strategies for Sustainable Adaptation

In the face of these challenges, the agricultural sector is innovating to adapt sustainably. Techniques like precision agriculture, which employs technology to optimize resource use and reduce environmental impact, are becoming more prevalent. Crop diversification and the development of drought-resistant and heat-tolerant crop varieties are also vital strategies for addressing climate change's impact on agriculture.

In conclusion, climate change is posing considerable challenges to agriculture, from shifting growing seasons to the increasing frequency of extreme weather events. However, proactive adaptation strategies and sustainable practices offer hope for the future of agriculture in a changing climate. Addressing these challenges is not just an agricultural concern but a global imperative for food security and environmental sustainability.

How to Write a Business Essay

Learning how to write a business essay is not just about stringing words together; it's about presenting well-researched, well-structured, and thought-provoking content. Here's a breakdown of the key steps from our finance essay writing service to guide you through the process:

Researching and Planning

Before you start writing, thorough research and planning are crucial.

• Conduct Research: Begin by gathering information from reputable sources. This could include academic journals, books, industry reports, and case studies. Online databases, like JSTOR and Google Scholar, are valuable tools.
• Define Your Thesis: Your thesis statement is the central argument of your essay. It should be concise and clear. For example, if you're writing about the impact of e-commerce on traditional retail, your thesis could be: 'E-commerce has disrupted traditional retail models by offering convenience and wider product selection.'
• Create an Outline: Organize your thoughts and research into a logical structure. A typical business essay includes an introduction, body paragraphs, and a conclusion. Each section should have a specific purpose and content.

Writing Your Business Essay

With your research and plan in place, it's time to start writing:

• Introduction: Begin with an engaging introduction that outlines your thesis and the key points you'll discuss. For our e-commerce example, you might briefly describe the rise of online shopping and its impact on traditional brick-and-mortar stores.
• Body Paragraphs: Each paragraph should focus on a specific point or argument. Use evidence from your research to support your claims. In our case, you might have paragraphs discussing the convenience of e-commerce, the wider product selection, and how traditional retailers are adapting.
• Discussion of Business Ethics and Law: If your essay involves ethical considerations or legal aspects, ensure you address these within relevant sections. For instance, when discussing the impact of e-commerce on traditional retail, you may touch upon ethical issues surrounding consumer data privacy and legal aspects like taxation.
• Conclusion: Summarize your main points and restate your thesis. Discuss the broader implications of your findings. In our e-commerce essay, you could highlight how the retail landscape is evolving and the need for businesses to adapt.

Adding Depth to Your Essay

To make your business essay stand out, consider these depth-adding techniques:

• Real-World Examples: Use concrete examples, current sociology essay topics , or case studies to illustrate your points. For our e-commerce essay, you might discuss how Amazon's rise and innovation transformed the retail landscape.
• Critical Thinking: Analyze the information you've presented. Don't just state facts; provide your own insights and interpretations. Discuss why e-commerce has thrived and how it might continue to evolve.
• Counterarguments and Rebuttals: Acknowledge opposing viewpoints and address them. This shows that you've considered various perspectives. For instance, some may argue that traditional retailers still offer a personal shopping experience, which you can address in your essay.

Final Thoughts

Whether writing an essay on business ethics or choosing other critical analysis essay topics related to this field, it is an opportunity to explore and express your insights on critical topics in the world of commerce. From research to compelling arguments and ethical considerations to well-structured content, this guide equips you to excel. As you embark on your essay-writing journey, remember that each word you put on paper has the power to shape ideas and influence decisions. Use this power responsibly and passionately to make your business essay impactful.

Samuel Gorbold , a seasoned professor with over 30 years of experience, guides students across disciplines such as English, psychology, political science, and many more. Together with EssayHub, he is dedicated to enhancing student understanding and success through comprehensive academic support.

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Business Essay Examples

13 Business Essay Examples for Students

14 min read

Published on: May 1, 2023

Last updated on: Jan 30, 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

Business Essay Examples Pdf

Business Essay Example Grade 10

Business Essay Example Grade 11

A Level Business Essay Examples

University Business Essay Examples

International Business Essay Examples

Short Essay About Business

College Essay About Starting A Business

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.

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, 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.

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 a 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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The Science of Strong Business Writing

by Bill Birchard

Summary .   

Brain scans are showing us in new detail exactly what entices readers. Scientists can see a group of midbrain neurons—the “reward circuit”—light up as people respond to everything from a simple metaphor to an unexpected story twist. The big takeaway? Whether you’re crafting an email to a colleague or an important report for the board, you can write in a way that delights readers on a primal level, releasing pleasure chemicals in their brains.

Bill Birchard is an author and writing coach who’s worked with many successful businesspeople. He’s drawn on that experience and his review of the scientific literature to identify eight features of satisfying writing: simplicity, specificity, surprise, stirring language, seductiveness, smart ideas, social content, and storytelling. In this article, he shares tips for using those eight S’s to captivate readers and help your message stick.

Strong writing skills are essential for anyone in business. You need them to effectively communicate with colleagues, employees, and bosses and to sell any ideas, products, or services you’re offering.

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Essay About Business: Top 5 Examples and 7 Prompts

We see business in action in every aspect of our life. So if you need to write an essay about business, look into this article to find examples and prompts to help you get going.

The word “business” encompasses a broad range of activities and branches. However, in its most straightforward meaning, business refers to an institution or a group that works together and engages with others to achieve a goal that will benefit them. 

To give you an idea of how prevalent business is, think of all the times you buy from a store. Any time you get something from an enterprise, big or small, you’re already in business with them. However, businesses such as charities, churches, and volunteer services organizations also envelop transactions not for profit.

To aid you in writing an excellent essay about business, here are examples you should read, followed by prompts to give you ideas on what to write about.

1. Don’t Sell Yourself Short by Manya Whitaker

2. my personal experience in business by shannon murphy, 3. business ethics and work ethic essay by writer annie, 4. the importance of business study by shyam soni, 5. essay on environment, sustainability and business by  aastha singhal, 1. my business aspirations, 2. businesses i want to support, 3. business in the future, 4. business and ethics, 5. what makes a business more appealing, 6. how businesses affect my community, 7. my bad experience with a business.

“Like a good researcher, I did some investigation into what it meant to run a small business… While the initial work seemed intense, the service itself was no more work than I’d been doing for free. And as my father always says ‘don’t sell yourself short’…so I decided not to.”

Whitaker recounts her life experiences and how she came to think of starting an educational consulting business. Next, she goes through the hoops of when to best start her business, what fees are acceptable, and how to let people know her business exists. She then shares her many tips with professors who want to start their businesses and ends her essay by encouraging them to utilize their talents. 

“Businesses today require not just setting a plan but also about the investment and proper management of people, assets, live time opportunity, and risk to make the business expand and develop. I see myself contributing to the development of good business practices in years to come where I will be leading a great business organization effectively.”

Murphy discusses why she wanted to study business enterprise, saying that “business makes life interesting and worth living.” She also talks about her encounter with a businessman and how he motivated her through his stories. Finally, Murphy shows her determination to go through with her career plans in the business industry through her essay.

“Work ethics comprise more than the desire of the job or career but also how one claims his/her path of achievement… I believe work ethics demonstrate many aspects of a person and how a person is within. So, I ask a question to myself today, what are my work ethics and what do I define them?”

In this short essay, the author decides on what work ethic means to her. She includes traits that make her believe it’s a virtue and even offers an example. She also believes that work ethic is intrinsic and ends her essay by sharing the two fundamental traits of her work ethic: humility and treatment.

“Business has become indispensable in our lives. Nearly everything an individual does is directly or indirectly related to business.”

In his essay, Soni expounds on how business affects every aspect of our lives. For example, businesses encourage people to give their best to the world, benefitting everyone. He also lists some of these benefits, such as business helping in choosing a career, understanding business strategies, and recognizing our contribution to a nation’s success.

“Admittedly, the process of changing corporate mindsets and culture to embrace sustainability can be a challenge for some enterprises… maintaining an environment that enables continued prosperity is imperative for any organization’s survival and growth.”

In her essay, Singhal distinctly shows the connection between our surroundings and survival with businesses. She presents how businesses should lead the demand for environmental sustainability because they can make a relevant change. However, at the same time, businesses can also damage the environment and be detrimental to sustainability. 

She further explains what businesses today are doing to answer their green consumer’s call, such as green regulations and more efficient usage of resources. Finally, she ends her essay with a quote identifying the challenge of the twenty-first century: for people to have a decent standard of living while preserving other aspects of life.

Do you want to upgrade your essay paper? Then, check out this list of the best essay writing apps to help refine your work.

7 Prompts on Essay About Business

After learning more about the subject, write your essay with these easy but enjoyable prompts:

In this essay, you can explain why you want to have a business, including your inspirations and motivations. For example, maybe your family already has a business, and you want to continue it. Or perhaps you want to create a business that will help others. Include personal anecdotes and descriptive paragraphs to convey your thoughts and feelings.

This essay prompt lets you list the businesses you want to get more exposure to. Aside from identifying which business you want to see grow, present why you want them to have more recognition in the first place. 

You can write about a small local bakery from which you always get your bread and share the owner’s story. Or you can shift the attention to a charitable organization that needs more donations to continue its mission. Share why this specific organization is dear to you. You’ll not only end up with a great essay but also help these businesses.

This prompt is perfect for you if you want to talk about curiosity-inducing business-related ideas. You can present propositions on how businesses will be conducted years from now. Do you imagine advanced and intelligent AIs capable of holding a conversation to sell a product successfully? What about flying cars? Don’t be shy, and include all of your concepts. 

There has always been a gray area between business and ethics. As a party to this affair, you can share how important ethics is to the business and its clients. You can talk from the client’s point of view – do you still buy a product of a business with questionable ethics? Or do you only support businesses that hold their ethics in high regard? Then, explain why.

There are many marketing tactics businesses use to attract customers. But what if those do you think are most effective? You can write your essay and include the advertisement types that work for you and why. 

You don’t need to go far to find something to write about with this prompt. Identify the things that businesses in your area directly affect, positive or negative. For instance, having businesses in your community makes accessing comedies easier. On the other hand, having many businesses could make a living in your area more expensive.

To make your essay more compelling, you can recount a bad experience with an establishment. Then, narrate it like a story to engross your readers by describing how management handled things and what you felt during that time. Did it discourage you from going back to that business?

You can also add how you think the people in charge should have acted by suggesting a specific course of action. Again, this will give potential business owners a glimpse of how they can run their businesses better.

Note: Improving your paper’s readability score is also a key criterion when editing for grammar.

Tech at the edge: Trends reshaping the future of IT and business

It is easy to become numb to the onslaught of new technologies hitting the market, each with its own promise of changing (more often “revolutionizing”) the business world. But our analysis of some of the more meaningful tech trends lays out a convincing case that something significant is happening. 1 Michael Chui, Roger Roberts, and Lareina Yee, “ McKinsey Technology Trends Outlook 2022 ,” McKinsey, August 24, 2022.

These tech trends are generally accelerating the primary characteristics that have defined the digital era: granularity, speed, and scale. But it’s the magnitude of these changes—in computing power, bandwidth, and analytical sophistication—that is opening the door to new innovations, businesses, and business models.

The emergence of cloud and 5G , for example, exponentially increases compute power and network speeds that can enable greater innovation. Developments in the metaverse of augmented and virtual reality open the doors to virtual R&D via digital twins , for example, and immersive learning. Advances in AI, machine learning, and software 2.0 (machine-written code) bring a range of new services and products, from autonomous vehicles to connected homes, well within reach.

Much ink has been spilled on identifying tech trends, but less attention has been paid to the implications of those changes. To help understand how management will need to adapt in the face of these technology trends in the next three to five years, we spoke to business leaders and leading thinkers on the topic. We weren’t looking for prognostications; we wanted to explore realistic scenarios, their implications, and what senior executives might do to get ready.

The discussions pinpointed some broad, interrelated shifts, such as how technology’s radically increasing power is exerting a centrifugal force on the organization, pushing innovation to expert networks at the edges of the company; how the pace and proliferation of these innovations calls for radical new approaches to continuous learning built around skills deployed at points of need; how these democratizing forces mean that IT can no longer act as a centralized controller of technology deployment and operations but instead needs to become a master enabler and influencer; and how these new technologies are creating more data about, and touchpoints with, customers, which is reshaping the boundaries of trust and requiring a much broader understanding of a company’s security responsibilities.

1. Innovation at the edge

Key tech trends.

We estimate that 70 percent of companies will employ hybrid or multicloud management technologies, tools, and processes . 2 “ The top trends in tech ,” McKinsey, June 15, 2021. At the same time, 5G will deliver network speeds that are about ten times faster than current speeds on 4G LTE networks, 3 Irina Ivanova, “What consumers need to know about this week’s AT&T–Verizon 5G rollout,” CBS News, January 20, 2022. with expectations of speeds that are up to 100 times faster with 40 times faster latency. 4 “5G speed: 5G vs. 4G performance compared,” Tom’s Guide, June 1, 2021. By 2024, more than 50 percent of user touches will be augmented by AI-driven speech, written word, or computer-vision algorithms , 5 “ The top trends in tech ,” June 15, 2021. while global data creation is projected to grow to more than 180 zettabytes by 2025, up from 64.2 zettabytes in 2020. 6 “Amount of data created, consumed, and stored 2010–2025,” Statista Research Department, May 23, 2022. The low-code development platform market‘s compound annual growth rate (CAGR) is projected at about 30 percent through 2030. 7 “Global $187 billion low-code development platform market to 2030,” GlobeNewswire, November 10, 2020.

Shift: Innovation develops around personal networks of experts at the porous edge of the organization and is supported by capabilities that scale the benefits across the business.

These technologies promise access to virtually unlimited compute power and massive data sets, as well as a huge leap in bandwidth at low cost, making it cheaper and easier to test, launch, and scale innovations quickly. The resulting acceleration in innovation will mean that companies can expect more disruptions from more sources. Centralized strategic and innovation functions cannot hope to keep pace on their own. Companies will need to be much more involved in networks outside their organizations to spot, invest in, and even acquire promising opportunities.

Corporate venture-capital (VC) funds with centralized teams have looked to find and fund innovation, but their track record has been spotty, often because the teams lack the requisite skills and are simply too far removed from the constantly evolving needs of individual business units. Instead, companies will need to figure out how to tap their front lines, particularly business domain experts and technologists, to enable them to act, in effect, as the business’s VC arm. That’s because the people who are writing code and building solutions are often well plugged into strong external networks in their fields and have the expertise to evaluate new developments. One pharma company, for example, taps its own expert researchers in various fields, such as gene expression, who know well the people outside the company who are leaders in the field.

While companies will need to create incentives and opportunities for engineers to build up and engage with their networks, the key focus must be on empowering teams so they can spend their allocated budget as they see fit—for example, experimenting and failing without penalty (within boundaries) and deciding on technologies to meet their goals (within prescribed guidelines).

The IT organization of the future can play an important role in building up a scaling capability to make that innovation work for the business, something that has traditionally been a challenge. Individual developers or small teams working fast don’t tend to naturally think about how to scale an application. That issue is likely to be exacerbated as nontechnical users working in pockets across organizations use low-code/no-code (LC/NC) applications to design and build programs with point-and-click or pull-down-menu interfaces.

One pharma company has taken this idea to heart by giving local business units the flexibility to run with a nonstandard idea when it has proven to be better than what the company is already doing. In return for that flexibility, the business unit must commit to helping the rest of the organization use the new idea, and IT builds it into the company’s standards.

In considering how this scaling capability might work, companies could, for example, assign advanced developers to “productize” applications by refactoring code so they can scale. IT leadership can provide tools and platforms, reusable-code libraries that are easily accessible, and flexible, standards-based architecture so that innovations can be scaled across the business more easily.

Questions for leadership

• What incentives will best encourage engineers and domain experts to develop, maintain, and tap into their networks?
• What processes are in place for tracking and managing VC activity at the edge?
• What capabilities do you need to identify innovation opportunities and “industrialize” the best ones so they can be shared across the organization?

For more on how to empower workers at the edge, see “ Tech companies innovate at the edge. Legacy companies can too ,” in Harvard Business Review.

Would you like to learn more about McKinsey Digital ?

2. a perpetual-learning culture.

Advances in AI, machine learning, robotics, and other technologies have increased the pace of change tenfold . By 2025, we estimate that 50 billion devices will be connected to the Industrial Internet of Things (IIoT), while 70 percent of manufacturers are expected to be using digital twins regularly (by 2022). 8 “ The top trends in tech ,” June 15, 2021. Some 70 percent of new applications will use LC/NC technologies by 2025, up from less than 25 percent in 2020. 9 “Gartner says cloud will be the centerpiece of new digital experiences,” Gartner, November 10, 2021. The global metaverse revenue opportunity could approach $800 billion in 2024, up from about $500 billion in 2020. 10 Bloomberg Intelligence, “Metaverse may be $800 billion market, next tech platform,” Bloomberg, December 1, 2021. This proliferation of technological innovations means we can expect to experience more progress in the next decade than in the past 100 years combined, according to entrepreneur and futurist Peter Diamandis. 11 Peter Diamandis and Steven Kotler, The Future Is Faster than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives , New York: Simon & Schuster, 2020.

Shift: Tech literacy becomes core to every role, requiring learning to be continuous and built at the level of individual skills that are deployed at the point of need.

With the pace and proliferation of technologies pushing innovation to the edge of the organization, businesses need to be ready to incorporate the most promising options from across the front lines. This will create huge opportunities, but only for those companies that develop true tech intelligence through a perpetual-learning culture. The cornerstone of this effort includes training all levels of personnel, from “citizen developers” working with easy-to-use LC/NC tools or in entirely new environments such as the metaverse, to full-stack developers and engineers, who will need to continually evolve their skills to keep up with changing technologies. We’re already seeing situations where poorly trained employees use LC/NC to churn out suboptimal products.

While there will always be a need for more formalized paths for foundational learning, we anticipate an acceleration in the shift from teaching curricula periodically to continuous learning that can deliver varying technical skills across the entire organization. In practice, that will mean orienting employee development around delivering skills. This requires breaking down a capability into its smallest sets of composite skills. One large tech company, for example, created 146,000 skills data points for the 1,200 technical skills it was assessing.

The key point is that these skills “snippets”—such as a block of code or a video of a specific negotiating tactic—need to be integrated into the workflow so that they’re delivered when needed. This might be called a “LearnOps” approach, where learning is built into the operations. This integration mentality is established at Netflix, where data scientists partner directly with product managers, engineering teams, and other business units to design, execute, and learn from experiments. 12 Netflix Technology Blog , “Experimentation is a major focus of data science across Netflix,” blog entry by Martin Tingley et al., January 11, 2022.

As important as being able to deploy learning is building a learning culture by making continuous learning expected and easy to do. The way top engineers learn can be instructive. This is a community that is highly aware of the need to keep their skills up to date. They have ingrained habits of sharing code, and they gravitate to projects where they can learn. One advantage of using open source, for example, is the built-in community that constantly updates and reviews code. In the same spirit, we’re seeing companies budget extra time to allow people to try new tools or technologies when they’re building a product. Other companies are budgeting for “learning buffers” to allow for setbacks in product development that teams can learn from. 13 “ The big boost: How incumbents successfully scale their new businesses ,” McKinsey, August 27, 2020.

Netflix, which makes broad, open, and deliberate information sharing a core value, built the Netflix experimentation platform as an internal product that acts as a repository of solutions for future teams to reuse. It has a product manager and innovation road map, with the goal of making experimentation a simple and integrated part of the product life cycle. 14 Netflix Technology Blog , “Netflix: A culture of learning,” blog entry by Martin Tingley et al., January 25, 2022.

To support this kind of continuous learning and experimentation, companies will need to accept mistakes. The art will be in limiting the impact of potentially costly mistakes, such as the loss or misuse of customer data. IT will need to architect protocols, incentives, and systems to encourage good behaviors and reduce bad ones. Many companies are beginning to adopt practices such as automated testing to keep mistakes from happening in the first place ; creating spaces where mistakes won’t affect other applications or systems, such as isolation zones in cloud environments ; and building in resiliency protocols.

• Do you have a list of the most important skills your business needs?
• What is the minimum level of learning needed for advanced users of analytics and manipulators of data?
• How do you track what people are learning and whether that learning is effective and translating into better performance?

3. IT as a service

It is estimated that the global cloud microservices platform market will generate $4.2 billion in revenue by 2028, up from $952 million in 2020. 15 Cloud microservice platform market report , Research Dive, November 2021. GitHub has more than 200 million code repositories and expects 100 million software developers by 2025. 16 Paul Krill, “GitHub expects more than 100 million software developers by 2025,” InfoWorld, December 3, 2020. Nearly 90 percent of developers already use APIs. 17 Christina Voskoglou, “APIs have taken over software development,” Nordic APIs, October 27, 2020. Software 2.0 creates new ways of writing software and reduces complexity. Software sourced by companies from cloud-service platforms, open repositories, and software as a service (SaaS) is growing at a CAGR of 27.5 percent from 2021 to 2028. 18 Software as a service (SaaS) market, 2021–2028 , Fortune Business Insights, January 2022.

Shift: IT becomes the enabler of product innovation by serving small, interoperable blocks of code.

When innovation is pushed to the edge and a perpetual-learning culture permeates an organization, the role of IT shifts dramatically. IT can’t support this dynamic environment by sticking to its traditional role as a controlling entity managing technology at the center. The premium will now be on IT’s ability to enable innovation, requiring a shift in its traditional role as protector of big tech assets to a purveyor of small blocks of code. The gold standard of IT effectiveness will be its ability to help people stitch together snippets of code into a useful product.

We are already seeing what that might look like. Employees at G&J Pepsi-Cola Bottlers with little to no experience at software development created an app that examines images of a store shelf to identify the number and type of bottles on it, then automatically restocks it based on historic trends. 19 Adam Burden, “Low code/no code could reshape business innovation,” VentureBeat, February 5, 2022. One pharmaceutical company grew its low-code platform base from eight users to 1,400 in just one year . Business users outside of IT are now building applications with thousands of monthly sessions. 20 Shivam Srivastava, Kartik Trehan, Dilip Wagle, and Jane Wang, “ Developer Velocity: How software excellence fuels business performance ,” McKinsey, April 20, 2020. Companies that empower “citizen developers” score 33 percent higher on innovation compared with bottom-quartile companies that don’t provide that level of support, according to a McKinsey survey. 21 Shivam Srivastava, Kartik Trehan, Dilip Wagle, and Jane Wang, “ Developer Velocity: How software excellence fuels business performance ,” McKinsey, April 20, 2020.

These developments point toward much more of a “buffet” approach to technology, where IT builds useful blocks of reusable code, sometimes assembles them into specific products, and makes them available through a user-friendly cataloging system for the business to use to create the products it needs. IT provides guiderails, such as API standards and directives on the environments in which the code might be most useful; protects the most sensitive information, such as customer data and financial records; and tracks their adoption. This tracking capability will become particularly crucial as bots, AI, algorithms, and APIs proliferate. Transparency isn’t sufficient. IT will need to make sense of all the activity through advanced tech performance and management capabilities and the development of new roles, such as data diagnosticians and bot managers.

This IT-as-a-service approach puts the product at the center of the operating model, requiring a commitment to organizing IT around product management . Some companies have been moving in this direction. But reaching the scale needed to support fast-paced and more diffuse innovation will require a deeper commitment to product owners, working with leaders in the business side of the house, to run teams with real P&L responsibility. Many organizations, from traditional enterprises to digital natives, have found that putting in place product leaders who set overall product and portfolio strategy, drive execution, and empower product owners to drive innovation aligned with business outcomes and P&L metrics can increase the return on the funding that flows to technology delivery and quicken the pace of innovation.

• Do you have a vision for how the role of the IT organization will change to enable democratization of technology?
• How will you elevate the role of the technology product manager, and do you have a road map for developing that role?
• What systems will you need to put in place to manage and track the use, reuse, and performance of code?

McKinsey Technology Trends Outlook 2022

4. expanded trust boundaries.

It was estimated that almost 100 percent of biometrics-capable devices (such as smartphones) will be using biometrics for transactions by 2022. 22 “Usage of biometric technology in transactions with mobile devices worldwide 2016–2022”, Statista Research Department, June 13, 2022. The effectiveness of these technologies has advanced dramatically, with the best facial-identification algorithms having improved 50 times since 2014. 23 William Crumpler, “How accurate are facial recognition systems—and why does it matter?” Center for Strategies and International Studies (CSIS), April 14, 2020. These developments are contributing to profound unease in the relationship between technology and consumers of technology. The Pearson Institute and the Associated Press-NORC Center for Public Affairs Research shows that “about two-thirds of Americans are very or extremely concerned about hacking that involves their personal information, financial institutions, government agencies, or certain utilities.” 24 Chuck Brooks, “More alarming cybersecurity stats for 2021!” Forbes , October 24, 2021.

Shift: Trust expands to cover a broader array of stakeholder concerns and become an enterprise-wide responsibility.

These enormous shifts in technology power and capacity will create many more touchpoints with customers and an exponential wave of new data about customers. Even as IT’s role within the organization becomes more that of an enabler, the expanding digital landscape means that IT must broaden its trust capabilities around security, privacy, and cyber . To date, consumers have largely embraced the convenience that technology provides, from ordering a product online to adjusting the temperature in their homes remotely to monitoring their health through personal devices. In exchange for these conveniences, consumers have traditionally been willing to provide some personal information. But a steady undercurrent of privacy and trust concerns around these ever-more-sophisticated conveniences is raising the stakes on the broad topic of trust. Consumers are becoming more aware of their identity rights, making decisions based on values, and demanding the ethical use of data and responsible AI .

The most obvious concern is around cybersecurity , an ongoing issue that is already on the board-level agenda. But tech-driven trust issues are much broader and are driven by three characteristics. One is the sheer quantity of personal data, such as biometrics, that companies and governments collect, creating concerns about privacy and data misuse. The second is that personal security issues are becoming more pervasive in the physical world. Wired homes, connected cars, and the Internet of Medical Things, for example, are all vectors for attack that can affect people’s well-being. Third is the issue that advanced analytics seem too complex to be understood and controlled, leading to deep unease about people’s relationship with technology. This issue is driving the development of “ explainable AI ” and the movement to debias AI.

Adding to the complexity is the frequent need to manage and secure trust across an entire ecosystem of technologies. Take the wired home, for example. The proliferation of devices—think virtual assistants, security, communications, power management, and entertainment systems—means that a large group of providers will need to agree on standards for managing, in effect, an interconnected security net in the home.

These developments require a complex extension of the boundaries of trust. The significant advantages that many incumbents enjoy—existing relationships with customers and proprietary data—are at risk unless businesses rethink how they manage and nurture that trust. Companies need to consider putting identity and trust management at the core of their customer experience and business processes. That can happen effectively only when companies assign a dedicated leader with real power and board-level prioritization with enterprise-wide responsibility across the entire trust and security landscape. Given the tech underpinnings of this trust environment, IT will need to play a key role in monitoring and remediating, such as assessing the impact of new legislation on AI algorithms, tracking incidents, identifying the number and nature of high-risk data-processing activities and automated decisions, and—perhaps most important—monitoring consumer trust levels and the issues that affect them.

• Who is responsible for the enterprise-wide trust and risk landscape?
• How have you integrated your efforts around customer trust with overall cybersecurity processes?
• What privacy, trust, and security processes are in place to manage the entire life cycle of your data?

It is inevitable that the pace of technological change will continue to accelerate. The successful technology leader of the future will not simply need to adopt new technologies but to build capabilities to absorb continuous change and make it a source of competitive advantage.

Steve Van Kuiken is a senior partner in McKinsey’s New Jersey office.

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The Future of Sustainable Business: Trends, Challenges, and Opportunities

As the global community grapples with the impacts of climate change, resource depletion, and social inequities, the future of business lies in embracing sustainability. The shift toward sustainable business models is no longer just a niche pursuit or a trend; it’s becoming a competitive necessity. Companies that fail to adapt may risk falling behind in the rapidly evolving marketplace, while those that lead in sustainability are finding new opportunities for growth, innovation, and impact.

• 1 1. Sustainability as a Core Business Strategy
• 2 2. The Role of Technology and Innovation
• 3 3. Consumer Demand for Sustainability
• 4 4. Regulatory and Policy Pressure
• 5 5. Challenges in the Transition to Sustainability
• 6 6. Opportunities for Leadership and Innovation
• 7 7. Collaboration is Key
• 8 The Future of Sustainable Business
• 9 Share this:
• 10 Like this:

1. Sustainability as a Core Business Strategy

For many companies, sustainability has moved beyond corporate social responsibility (CSR) initiatives and into the core of their business strategy. Today, more firms are integrating environmental, social, and governance (ESG) factors into decision-making processes, recognizing that sustainability is essential for long-term profitability and risk management.

Leading businesses are increasingly setting ambitious goals around carbon neutrality, circular economy models, and sustainable sourcing. Major corporations like Microsoft and Unilever have committed to achieving net-zero emissions and reducing waste, driving industry-wide transformations.

2. The Role of Technology and Innovation

Technological advancements are key drivers in the future of sustainable business. Breakthroughs in renewable energy, electric vehicles, carbon capture, and energy storage are revolutionizing how businesses operate. Companies are also leveraging artificial intelligence (AI), blockchain, and data analytics to improve supply chain transparency, reduce inefficiencies, and monitor their environmental impacts.

Innovation isn’t just limited to products and services; new business models are emerging as well. The sharing economy, circular economy, and pay-per-use models allow companies to reduce resource consumption while offering customers more sustainable alternatives. For example, companies like Patagonia and IKEA are promoting product reuse and recycling, creating closed-loop systems that extend product lifecycles and minimize waste.

3. Consumer Demand for Sustainability

Today’s consumers are more eco-conscious than ever, and their purchasing decisions reflect their values. Studies consistently show that consumers prefer brands that prioritize sustainability, transparency, and ethical practices. This shift in consumer expectations is pushing companies to adopt more sustainable practices and communicate their environmental and social impacts clearly.

Brands that lead in sustainability are not only capturing consumer loyalty but also attracting investment. ESG investing is on the rise, with investors increasingly looking for companies that align with sustainability principles. This trend is creating a powerful financial incentive for businesses to prioritize sustainability and build long-term value.

4. Regulatory and Policy Pressure

Governments and regulatory bodies are playing a crucial role in shaping the future of sustainable business. From the European Union’s Green Deal to the Paris Agreement, international and national policies are pushing companies to adopt greener practices and reduce carbon emissions.

In many regions, regulatory frameworks are becoming more stringent, requiring businesses to disclose their ESG performance, adopt clean energy solutions, and meet specific emissions targets. Failure to comply can result in fines, reputational damage, and loss of market access. On the other hand, businesses that proactively align with these regulations are well-positioned to lead in the new economy.

5. Challenges in the Transition to Sustainability

Despite the growing momentum, transitioning to sustainable business models is not without its challenges. For many companies, especially small and medium enterprises (SMEs), the upfront costs of sustainability initiatives can be prohibitive. Investments in clean technology, supply chain restructuring, and sustainable materials may require significant capital and resources.

Additionally, the complexity of global supply chains makes it difficult to ensure sustainable sourcing and traceability. Many industries are still grappling with how to transition to low-carbon models without disrupting their operations or facing increased costs.

6. Opportunities for Leadership and Innovation

The future of sustainable business presents unprecedented opportunities for those willing to innovate. Businesses that adopt a forward-thinking approach, focus on reducing their environmental footprint, and invest in sustainable technologies can create lasting competitive advantages. By aligning business goals with sustainability targets, companies can drive positive change while tapping into new markets and customer bases.

Moreover, sustainability offers businesses a chance to redefine their purpose. Companies that show genuine commitment to solving the world’s most pressing challenges—such as climate change, inequality, and biodiversity loss—can enhance their brand reputation, build stronger customer relationships, and foster loyalty among employees.

7. Collaboration is Key

No business can tackle sustainability alone. Collaboration between governments, businesses, NGOs, and consumers is essential to drive systemic change. Cross-industry partnerships and collaborations can help accelerate the development and deployment of sustainable technologies, improve resource efficiency, and scale impact.

For example, initiatives like the Science-Based Targets initiative (SBTi) and the Race to Zero campaign bring together companies, cities, and financial institutions to commit to reducing their greenhouse gas emissions and transitioning to a net-zero economy.

The Future of Sustainable Business

The future of business is sustainable. Companies that embrace sustainability as a core component of their operations, leverage technology and innovation, and collaborate across sectors will be well-positioned to lead in a rapidly changing world. As consumer preferences, regulations, and technological advancements converge, sustainability will continue to drive new opportunities, reshape industries, and define the next era of business leadership. Those who act now will not only safeguard the future of their businesses but also contribute to a more resilient and sustainable global economy.

Dylan Welch is the CEO and Host of Going Green, a podcast, website, and social media brand that highlights renewable energy, cleantech, and sustainable news.

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Organizational Development in the Future Company

Introduction

Benefits and functions of od, future implications.

Organizational development (OD) is of high importance for every company that strives to improve organizational effectiveness, maximize employee potential, and quickly adapt to industry changes. According to Anderson (2019), OD is “the process of increasing organizational effectiveness and facilitating personal and organizational change through the use of interventions driven by social and behavioral science knowledge” (p. 7).

In other words, OD is an evidence-based and structured process that aims to build the firm’s capacity to change structures, strategies, and processes. Modern economic, technological, workforce and organization trends provide challenges to classic OD. Manuti et al. (2017) state that human capital, a company’s intangible asset, remains the most valuable one even in the world of fast technology development and ongoing innovation. OD practitioners should address new working modalities with specific approaches and strategies to achieve competitive advantage. Although companies change how they operate and organize rapidly, OD remains an essential part of management theory and practice.

OD, which has a system approach and learns through experience, is associated with multiple benefits. It is essential because it can potentially improve a firm’s performance, profitability, and quality of its products by enhancing internal processes, systems, and employee capabilities (Bhasin, 2020). Moreover, OD drives market share, contributes to the better financial position of an enterprise, and helps to edge over competitors.

This management approach increases employee engagement that boosts innovation, and promotes change. As a result, it decreases costs associated with employee turnover and absenteeism (Bhasin, 2020). OD program starts with initial diagnosis and ends with interventions in the system, actions such as process consultation, education, or team development (Anderson, 2019). It is a long and ongoing process that requires close collaboration between managers and employees to be successful.

Typical organizational development initiatives are human process (teambuilding), techno-structural (work design, Agile), strategic (leadership or culture change) initiatives, and human resource management (employee development, performance management). Competency management, succession planning, performance management, and professional development are among its main functionalities (Anderson, 2019).

Competency management helps to determine which skills and personal characteristics are needed at a particular position. Competency models are used to identify gaps between employees’ competency profiles and one of their jobs and establish screening or candidate tests.

Succession planning assists managers in assigning jobs to employees based on their skills, experience, competencies, and recent training (Bhasin, 2020). It helps to identify talents and leaders that meet organizational requirements and goals. Performance management, as the OD function, uses review software to assess employee performance and salary data. Managers can identify underperformance and address the issue by assigning professional development or use incentives.

Finally, professional development aims to enhance the knowledge and skills of employees by identifying competence gaps and providing specific training aligned to organizational goals. With the advent of technology, lifelong learning became a reality for the majority of professionals. For instance, Amazon, a famous retailer, invests considerable funds in its human workforce to keep its employers competent in a digital world (Cullen, 2019). This training improves workers’ technical knowledge and skills and contributes to lower recruiting costs, higher retention, and productivity.

Businesses operate in an ever-changing world that requires frequent realignment and restructuring. Modern management trends, technologies, and industry transformations result in new forms of organizing that undermine the classical OD effectiveness (Bach, 2019). It means that most past frameworks, formats, and theories do not apply to highly decentralized models.

For instance, improving leadership within a structure with no single boss is more complicated. In such cases, OD practitioners will need to develop a new toolbox and make OD an integral part of the organization’s business functions (Bach, 2019). It would not be possible just to pass the initiatives along the chain of command.

It appears that OD and HR departments will continue to merge in the near future, blurring the difference between their functions. For example, OD interventions regarding talent management and leadership development will be more integrated with the general development strategy set by the organization’s HR. What is more, some organizations apply strategic HR that integrates the concepts and tools of OD.

They do not have a separate department; nevertheless, they still incorporate OD-specific practices. This movement will likely expand soon and result in more OD solutions to the common issues (Anderson, 2019). In other words, traditional HR departments that deal only with hiring, retention, and contractual relationships will remain in the past.

To conclude, OD will be more cross-cultural, interdisciplinary, and more integrated with the organization’s operations in the future. The advent of technology and new ways to organize a company does not undermine the importance of OD. In the digital world, ongoing innovation is possible only if the company has a well-trained and dedicated human capital. OD interventions help management engage employees, align their goals with the organization’s ones, and enhance overall performance. OD functionality includes human process, techno-structural, strategic, and human resource management initiatives. It seems that the functions of OD will be almost fully integrated by HR shortly.

Anderson, D. L. (2019). Organization development: The process of leading organizational change (5th ed.). Los Angeles: Sage Publications.

Bach, O. (2019). What role will organization development departments play in the future? . [Blog post]. Web.

Bhasin, H. (2020). Organization development – Definition, objectives, features, importance. Marketing91. Web.

Cullen, T. (2019). Amazon plans to spend $700 million to retrain a third of its US workforce in new skills . CNBC. Web.

Manuti, A., Impedovo, M.A. & De Palma, P.D. (2017). Managing social and human capital in organizations: Communities of practices as strategic tools for individual and organizational development. Journal of Workplace Learning , 29 (3), 217-234. Web.

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