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When an enterprise commences a business, the owner and management is optimistic of getting success. Most of the business persons are generally aware of the general pitfalls but most of them try to pay attention to the number of critical issues. Critical issues are the primary issues that are considered extremely important which may determine the company’s survival or success.
This essay will demonstrate the critical matters associated to business context of Rio Tinto which is a British-Australian international enterprise and one of the world’s major metals and mining enterprise. It will also outline the range of environmental factors and contemporary issues and their impact on the business context of the specified company. Furthermore, the essay will also confer the impression of regionalization and globalization on the business contexts
Contemporary issues are usually taken as an event, opinion or theme in a given matter that is pertinent to the current day. It is initiated in nearly any stuff of interest (Nieuwkamp, 2010). Contemporary matters in business context comprise an inexact legal landscape, technical advancements, risks, innovation, knowledge management, e-context and altering face of the loaning market.
Legal concerns in the current business environment in mining industry has already seen affair segment of political and legal uncertainty as the issues like environment protection, health care and safety of the workers and intellectual property has developed into a form of legal issues (Nieuwkamp, 2010).
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