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Jemshah
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Asked: 2023-01-20T19:47:34+00:00 In:

Outline five challenges that an organization may face as a result of locating its office premises in the central business district (CBD). (10 marks)November 2022

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Outline five challenges that an organization may face as a result of locating its office
premises in the central business district (CBD). (10 marks)November 2022

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    1. High costs: Renting or purchasing office space in a CBD can be very expensive. Organizations may have to pay a premium for the convenience and prestige of being located in a central location.
    2. Limited space: Office space in a CBD can be limited and in high demand. Organizations may have to compete with other companies for available space, and may have to settle for smaller or less desirable locations.
    3. Traffic congestion: The heavy traffic in a CBD can make it difficult for employees and clients to reach the office. This can lead to delays and increased travel time, which can be frustrating for employees and can negatively impact productivity.
    4. Noise and pollution: The noise and pollution levels in a CBD can be high, which can be detrimental to the health and well-being of employees. This can lead to increased absenteeism and decreased productivity.
    5. Difficulty in finding parking: Finding parking in a CBD can be a major challenge. This can be a significant inconvenience for employees and can lead to increased stress and frustration.
    6. Difficulty in finding employees: The high cost of living and competition for housing in a CBD can make it difficult for organizations to attract and retain employees.
    7. Difficulty in finding customers: Organizations that rely on foot traffic or walk-in customers may find it difficult to attract customers in a CBD, as there may be too much competition from other businesses.
    8. Difficulty in finding suppliers: Organizations that rely on local suppliers may find it difficult to find suppliers in a CBD, as there may be limited options available in the area.
    9. Difficulty in maintaining security: The high level of foot traffic and the presence of many different businesses in a CBD can make it difficult for organizations to maintain security and protect their assets.
    10. Difficulty in finding a balance between work and life: The fast-paced and busy nature of a CBD can make it difficult for employees to find a balance between work and their personal lives. This can lead to increased stress and burnout.
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