Essay from the year 2022 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: This essay's purpose is to assess the value of several models of business in a context where rapid change, political upheaval (like Brexit and Covid-19), and environmental factors all pose challenges. In order to succeed in today's cut-throat marketplace, businesses of all sizes need to be well-versed in the unique challenges presented by their industry and the managerial dilemmas that come with doing business in the modern world. For over a century, several assumptions and paradigms have been developed in response to new problems in the field of management. A radical shift in business and the global economy has made management concerns more pressing in the 21st century. Focusing on the examination of global economic upheavals and management practice evolution is crucial for defining the issues and roadblocks to management growth.