Describe an aspect of your organisation which could be viewed as 'problematic'. Briefly outline three different action plans which could be implemented to deal with the issues involved, assessing the advantages and disadvantages

Addressing Challenges in Al-Tariq Investments and Consultancy: Strategies for Success Student’s Name Institution Course # and Name Professor’s Name Submission Date Introduction The Al-Tariq Investments and Consultancy (Al-Tariq hereafter) is a financial advisory firm that offers individualized coaching to help investors maximize their wealth and portfolios. It also undertakes financial planning, establishing investments that are tailored accordingly as well as guiding decisions about insurance. However, the company has to deal with major issues related to its environment as this paper reveals. The firm faces strong competition in the regional market, excessive human capital prone to brain drain, and insufficient support from Jordanian backing investment incentives. Various action plans, including the merits and demerits of each suggestion, have been suggested for addressing these problems. This would mitigate increasing competition through strategic collaborations and partnerships with key stakeholders in the industry. Also included are initiatives towards talent development and retention to address the issue of an overqualified workforce, which leads to brain drain. Finally, limited investment incentives offered by the Jordanian government could be mitigated through advocacy and policymaking initiatives. Challenges Faced by Al-Tariq Investments and Consultancy Competitive Regional Market One of the fundamental challenges that Al-Tariq faces is the increasing competition within the regional market. According to Mateev et al. (2021), the MENA regions constantly faced paradigm shifts within the previous decade due to opening up their economies to foreign competition, increasing bank lending, and expanding the private sector enterprises. These factors have made the MENA region, including Jordan, increasingly competitive, thus creating the need for companies to design and implement strategies tailored to address this issue. Therefore, Jordan’s investment opportunities and resources are limited, particularly when compared to those of regional rivals, thus posing a significant challenge for the company as it seeks to attract and retain prospective investors and secure project profitability in the long term. The rising competition within the market demands that the company management create innovative strategies as well as a robust network to achieve competitive advantage. The company risks being overshadowed by already-established players within the financial consultancy sector if it does not create a more proactive approach to mitigating the intense business rivalry. Recognizing the competitiveness of the financial sector in Jordan and the MENA region is central not only for policy implications but also for optimally structuring the company for efficient investment allocations and sustainable development in the long term (Elfeituri & Vergos, 2019). Overqualified Workforce and Brain Drain The second critical problem facing Al-Tariq is the rising number of overqualified workforces in Jordan, particularly within the fintech sector, thus making them susceptible to the brain drain phenomenon. In this context, skilled professionals are searching for greener pastures in overseas countries, leading to a talent drain that hinders the company’s growth potential and ability to deliver on its mandate. It is well established within scholarly literature that an organization’s ability to retain top talent and create a healthy work environment that fosters career advancement is central to mitigating this challenge and achieving long-term success (Hasan & Sadat, 2023). The rising desire of qualified workers to emigrate reflects the far-reaching crisis and tremendous anxiety by the Jordanian workforce, mirroring the loss of confidence in the homeland as a stable place to build a professional and personal life path. According to the Arab Barometer survey, 63% of Jordanians below age 30 contemplate leaving the country for greener pastures, while 39% of older citizens expressed the same desire (Al-Naimat, 2022). The survey also indicated that Jordanians with qualifications from institutions of higher learning demonstrate a higher desire to emigrate compared to those with lower educational certificates. This points to the possible brain drain issues within Jordan and the MENA region at large. These indications have adverse ramifications for businesses seeking to expand their reach and achieve tremendous success in Jordan, and thus, they warrant a viable solution. Furthermore, labor market rigidities, particularly, discourage firms, including Al-Tariq, from scaling up employment amid the rising brain drain. Moreover, recruitment and hiring regulations within recourse-poor countries such as Jordan remain restrictive compared to the average of other emerging as well as developing nations. Therefore, poor labor regulations contribute to the rising brain drain and overemployment of qualified staff in Jordan and the MENA region at large (Naz et al., 2024). This remains a significant business constraint in the resource-deprived Jordan, with spillover effects on companies within the country. Inadequate Government Investment Incentives The Jordanian government is doing little to support family-owned enterprises and startups. Recent research indicates that the Jordanian economy is considered a difficult and constricted competitive landscape, with diverse hurdles facing start-ups and family-owned enterprises (Alawamleh et al., 2023). These issues span between investment, funding, personnel, the capacity to attract clients, as well as networking with key sectors and stakeholders. The lack of adequate government incentives for investment remains a significant risk for Al-Tariq’s investment capabilities. Failure of the government to offer investment incentives for companies puts Al-Tariq in jeopardy as it currently struggles to attract investors, secure project financing, and trigger economic growth. Mitigating this issue demands strategic collaboration with policymakers and government agencies in order to advo...