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Global Customers

Organising to Address Global Customers

By Noel Capon, Mark Heil, Gus Maikish As globalisation increases, corporations around the world seek better ways to address their global customers. The geographic-area model...
Huawei

On the Need to Reinvent Your Business: Companies’ Survival Depends on Different Phases of...

By David De Cremer Organisations are born, conquer market share and, if successful, grow. In this process, it’s equally important that they are aware of...
Circular Business Model

Why Circular Business Models are Superior in the 2030s

By Henrik Hvid Jensen The “born-circular” are companies designed for circular economy business models and have brought circularity into all the steps of product...
Future of Management Education

The Future of Management Education: Re-thinking Business Models.

By Luis Toro Dupouy, PhD A business model describes how an organization creates, distributes, and captures value in a profitable manner. The model should cover...
Payment Trends You Need to Know About for Business Growth

Payment Trends You Need to Know About for Business Growth in 2022 And Beyond

By Olga Karalblina, Head of Payment Product Development at ECOMMPAY After over two years of shifting buying habits in favour of eCommerce, many consumers have...

A Business Wealth Creation Roadmap

By Christopher H. Volk We live in unprecedented times where emerging businesses seem to mint billionaires on a regular basis.  One would have to look...
Travelling

The Advantages & Disadvantages of Buy Now, Pay Later in the Travel Industry

By Olga Karablina Today, millions of online shoppers use Buy Now, Pay Later schemes to pay for goods and services. When used responsibly, BNPL offers...
market

Strategies for Sudden Shock- Market Rewards Good Performance Also During Tough Times

By Olli-Pekka Lumijärvi, Olga Nissen and Alexandra Oborina Every company’s strategy aims to grow revenue, profit, and market capitalization. When global economy was accelerating, these...
VidaXL

VidaXL: Pioneer and eCommerce Business Giant

It all started with two selling items on eBay. Sixteen years later, the business has transformed into the global retailing giant, vidaXL. The eCommerce...
Business and University

Businesses Partnering with Universities Can Solve the Labor Crisis; Here’s How

By Pavel Podkorytov, Founder of TalentService The labor shortage that we are facing will not simply resolve over time if we sit by and wait....
Lack of Innovativeness

What if Your Business Model Was to Blame for Your Lack of Innovativeness!

By Fernanda Arreola, Raphaël Maucuer and Adrien Terlier Innovation is a crucial driver of success for organizations. It is a tool for nurturing a competitive...
AI

AI Inside? Five Tipping Points for a New AI-based Business World

By Duco Sickinghe and Jacques Bughin The “softwarisation” of our economies has continued unabated since Marc Andreessen’s note in its article in 2011 “Why software...
Nanotechnology

6 Notable Innovations in The Nanotechnology Sector Worth Knowing

For decades, nanotechnology has held its head up high as the next big thing to watch out for. First introduced in 1959, nanotechnology has...
Business Model

How to Build up New Technology-based Business Models

You’ll get a lot of technology-based business model advice. “Switch to blockchain technology, it shall replace the internet!” or “Hey, metaverse has mighty potential....
metaverse

Digitalized World: Workplace Culture through the Lens of Metaverse

The pandemic has challenged everyone to acclimate to new methods of work - forcing organizations of all sizes to develop at an exponential pace...
bitcoin

20 Businesses That Accept Bitcoins For Transactions And Payments

Cryptocurrency is a digital or electronic payment method. Cryptos don't depend on banks to validate negotiations. Numerous Cryptocurrencies have emerged throughout the years. But...
Technology Commons

How Technology Commons Revolutionise Industry Foundations: The Story of the Open Compute Project (OCP)

By Hervé Legenvre and Steve Helvie In this article, we will feature a largely ignored cornerstone of digital transformation - the adoption of technology commons: open-source...
eCommerce

How Data-Driven Shopper Insights Are Transforming eCommerce, One Click at a Time

Every action taken on the internet leaves a trail of data, one that, when used correctly, can transform the way your business operates. Considering...
E-commerce

E-commerce Explained: The Four Types of Business Models

The pandemic has accelerated a migration toward the digital realm from businesses of all natures and sectors as entrepreneurs were forced to find alternatives...
Unlocking Schumpeter

Unlocking Schumpeter. Fostering Innovation Within Our Organizations

By Pedro B. Agua History has shown that when organizations have approached some threshold concerning their markets saturation, be it by product or process improvements,...

Why Does Apple Stand For The World’s Profitable Company?

Are you wondering how half-eaten apple, i.e., the Apple company, is ruling the whole world? Scroll down if you want to know why Apple...
Business Model

Circular Business Models Are Helping Developing Countries Take Climate Action Beyond Aid

By Christian Jahn With the COP26 Climate Change Conference in Glasgow underway, action on climate change has never been more urgent. Lower income countries attending...
B2B

Joint Venture Of Industry Leaders Enable B2B And B2C Businesses To  Digitize And Expand...

The realities of the post-pandemic business world grow more evident by the day. It is impossible to dismiss the impact of technology and automated...
Flight

Innovative Technologies for New Ways for Space

Space technology has evolved in ever more fascinating ways over the years. This article looks at various innovative tech that has provided mankind with...
ALIEN Thinking

Making the Case that Everyone is a Disrupter: A Book Review of ALIEN Thinking

By Kyle Scott Innovation is the key to success and the essential ingredient for staying ahead of the competition. Unfortunately, modern life does not give us...
Cashless

Is a Cashless Society Realistic? The Rural Challenge to the Post-Pandemic “New Normal”

By Aaron van Klyton and Juan Fernando Tavera-Mesías Mobile banking and digital payments (“m-payments”) were already core features of government development policies aimed at beefing...
Startup

Tamed Space Startups: How Old Space Hides Behind New Space

The space industry is going through a rapid expansion phase as private companies like SpaceX and Blue Origin pour their billions into transforming it...
How to Carry Out a Strategic Business Analysis: Beginner Friendly Source:https://unsplash.com/photos/um1zVjVCtEY. Every entrepreneur in the market needs to perform business analysis on their firm. It’s an efficient strategy to ensure that everything is set on the right course, especially with the business performance and the overall understanding of the competition levels in the industry. The strategic business analysis does not focus on the competitors of the business alone. It also helps to understand the major strengths of a business and the opportunities that it can explore, as an entity, to get further into its developmental goals. This article will give you beginner-friendly pointers that you can utilize in your business when carrying out strategic business analysis. Keep reading! Understand Your Firm architecture and Culture Source:https://unsplash.com/photos/mpN7xjKQ_Ns. When the issue pertaining to carrying out business analysis arises, you start by analysing what is inside your organization. Understand what drives your business. What is the chain of command in your firm and what culture have you cultivated for your employees? For instance, you are into spare parts and have a franchise from sunwayautoparts.com. Even though their products are of higher quality and an established brand, how your employees handle things and their interactivity with customers may affect your firm positively or negatively. Basically, understanding your firm architecture and culture helps you to understand why you are at the current place in the market you are in. Also, the number of people involved in making essential decisions in your firm matters as well. Perform a Capability Assessment Source:https://unsplash.com/photos/5fNmWej4tAA. This is when you carry out a series of evaluations on your firm’s performance as compared to your competitors in the industry. You can do this by talking to your employees and asking them to answer the sheets anonymously. This helps them to be open and give truthful feedback, which is helpful in determining areas of weaknesses in your firm. The most amazing thing to carry this out today is that there are several outstanding assessment softwares that you can use to get feedback much faster, which ultimately means that you are able to advance to the next step sooner. Likewise, experts advise on investing in a firm’s capabilities to push your organizational performance in the industry further. Identify Your Firm’s Strengths and Weaknesses Source:https://unsplash.com/photos/deoSlTaI0JU. Now that you have carried out your organizational capability assessment, you can use the feedback to see your areas of weaknesses and strengths. This is not to mean that you take this as a criticism, but rather, as an opportunity to know areas you need improving on. For the weaknesses, list them down and brainstorm with your team(if you have one) to find solutions to them. You can involve an expert too so that you can get more advice and ideas on how to improve on them. Your strengths should serve as your area of distinction from your competition. But you should not just stick there. Find ways to make your strengths more pronounced and distinguished in the market. It gives you an upper hand over your competitors. Distinguish Your Opportunities and Threats Source:https://unsplash.com/photos/InHfUJK8GQk. These are all factors that are external to your firm but affect it directly regardless. Now, taking our example from earlier, let’s say you are into automotive spare parts, and you have seen an opportunity to add some Rim LEDs into your workshop. This may be an opportunity that you can venture into. However, if your competitors are offering the same and started doing so earlier than you did, then you are at risk of accruing some losses if you decide to jump right into it without giving it much thought. Consequently, there are other external threats that might occur such as political activities and affluence, that may determine the shift in market trends. Overall, you need to fully analyze the environment around your firm and to what extent it may affect your business, whether positive or negative. Analyze Your Business Problems Source:https://unsplash.com/photos/pypeCEaJeZY. This may be a series of issues that your business may be facing. Whether interior or exterior challenges. They help you in shaping a better path to take in solving these issues. In better light, solving these issues help you in understanding every minor detail that your firm is going through. You can start off with your employees. Understand their needs and whether they are comfortable with the working environment. If not, find a way to make them comfortable. This is done through a simple 3D gaming room that they can use in their 5-10 minutes break. All you need is some simple lighting and a 3D gaming screen and you’re all set. Mainly, how positive your employees feel when they come to work determines nearly half of the issues that your business may face. Take time to brainstorm these issues with your team. Perform Feasibility and Risk Analysis Source:https://unsplash.com/photos/XAX8vCM5G6o. Now, these are essentials that you do not want to forget. Take your time to understand the viability of your business solutions so far. What risks are involved? Are you content with the outcomes? Do your solutions offer what clients are looking for fully or do they need to be advanced? Answering these questions will give you a clear understanding of your overall business model and how to improve it. The Bottom Line Strategic business analysis is a wide section that requires detailed planning. Take your time while doing and get help where you feel stuck. Best of luck!

How to Carry Out a Strategic Business Analysis: Beginner Friendly

Every entrepreneur in the market needs to perform business analysis on their firm. It’s an efficient strategy to ensure that everything is set on...
ecommerce

How COVID Pandemic Changed The eCommerce Market: 5 Things To Be Worried And Excited...

By Will Schneider The COVID-19 pandemic caught everyone by surprise, and not least the eCommerce world. Brands who had previously seen 2020 as a year...
Company event

The future of company events is ‘hybrid’ – but what does a great hybrid...

By Vanessa Lovatt, Chief Evangelist at Glisser  It feels like an awfully long time ago, but pre-pandemic, the events industry was riding the crest of a...
Startups

Scandinavian Startups Poised To Hit It Big

Over the last few years, Scandinavian startups have been performing excellently. Stockholm and Helsinki regularly feature in the top 15 best startup hubs due...
Business Paper

Guy El Khoury: How to Innovate in the Payments Sector

Guy Raymond El Khoury, CEO of Accomplish Financial, talks about innovation in the global payments sector. Guy El Khoury, CEO of Accomplish Financial and...
China

Will China lead the twin transformation post-covid?

By Jacques Bughin and Sybille Berjoan The Covid-19 pandemic has led many corporations to retrench in the short term—but the saying goes that no matter...

Building the smarter future of banking & financial services

By Alexey Chalimov The entire industry of financial services in 2021 is undergoing massive digitalization. New technologies allow for better personalization for customers and effective optimization...
Manage the Human Side of Innovation

Manage the Human Side of Innovation: Tools to Help Your Team Succeed

By Stefano Mastrogiacomo For companies to keep pace with the current upheavals, good teamwork and thus the relationships between team members are crucial for team...

Are NFTs a True Store of Value?

For someone new to the world of cryptocurrency and blockchain, the rapid growth of interest in the non-fungible token (NFT) and its trading volume...
branded lyocell fiber

Lenzing sets a milestone towards climate neutrality with the first CO2 neutral VEOCEL™ branded...

Almost two years ago Lenzing CEO Stefan Doboczky announced the company’s goal to reduce its CO2 emissions by 50 percent till 2030 and be...
Startup

The Psychology of Start-Ups

By Adrian Furnham Every generation likes to believe that they are different from those that came before them – “new and improved” as advertisers like...
stakeholders

Company Brands as Purpose-driven Lived Experience Ecosystems

By Venkat Ramaswamy and Nicholas Ind With the COVID-19 pandemic curbing global travel in the first quarter of 2020, Airbnb, which had taken twelve years...
ecommerce

Destination taxability and its impacts for EU e-commerce

By Christiaan van der Valk Changes are on the horizon for import tax this July as the EU rolls out the 2021 EU VAT e-commerce...
SmileDirectClub

SmileDirectClub FY 2020 and Q4 Results Confirm Strength of Its Business Model

More than eight years ago, SmileDirectClub introduced itself to the world as a practical solution to orthodontal care. A decade earlier, when both were in...
NICOLE

The Agritech innovators looking to solve tomorrow’s problems

Global food production will have to increase to match a growing population, but with available land declining, the old ways won’t meet that demand....
apps

Lessons Learned from 3 Million Downloads & 250,000 Monthly Users in 2 Years

By Tim Waldenback Why do some apps experience explosive growth while others fail shortly after launch? While the media likes to report about the apps...

Strategies During Pandemic for Restaurant and Café Businesses Using Business Model Canvas

By Johannes Boroh There are many articles about business strategies on coping with the COVID-19 pandemic published in various journals, magazines, newspapers, and so forth....

How to be Successful in an Adult eCommerce Niche?

More than ever, shoppers are turning towards eCommerce for their needs. After all, it’s far more convenient to order something online and receive a...
green business

Turning a Company Green Can Be a Win-Win for Your Business Model

It may be incredibly fulfilling to run a business yourself, but at the end of the day, you started your company to make money. ...
Focus on Value

Focus on Value: What Your Company Does Matters more than Where It Sits

By Rachael Bartels and Kathleen O’Reilly Companies everywhere must find new sources of value creation both inside and outside traditional industry boundaries. For decades, industry definitions...

The Integration Of AI And Big Data Transformed The Healthcare Industry

By Samantha Kaylee Technology is the main reason why firms are performing better during the pandemic, but do you know healthcare organizations are also turning...

What Banking Sector Can Gain the Most from Digital Innovations?

Digital innovations have disrupted numerous industries, and banking is no exception. Digitalisation has introduced us to online banking, contactless payments, and many other services.Banks...

Why are some firms becoming more successful during the COVID-19 pandemic?

By Peter Lorange The COVID-19 pandemic has led to a worldwide recession of immense proportions.  Many companies are closing down, either for good or temporarily. ...

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