Retailing with technology

Could Trading be One of the Business Models of the Future?  

By Diana Verde Nieto  The rise of viral trends on platforms like TikTok has completely transformed the industry, particularly in sectors such as fast fashion,...
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...
Enlightened Management Systems

Enlightened Management Systems and Narratives

By John Almandoz and Carlos Rey A lot can be said for the popular Management by Objectives management system that operates on the principle of...
Business Process Diagram

How to Create a Business Process Diagram: A Comprehensive Guide

In the intricate realm of business, effective communication and organization are paramount. Whether you're initiating a new project, enhancing existing processes, or facilitating employee...
A woman working on business decisions on her laptop

Utilizing Microservice Reporting, Streamlining Communication, and More Tips for Business Leaders

Business leaders wage a constant battle to make the right decisions for a high-functioning operation. Notably, technologies like microservice reporting and communication tools are...
iStock-1364485108

Google 25 years: The Search Giant Celebrates Anniversary Amidst Unusual Rivalry

By Emil Bjerg, journalist and editor With a sophisticated algorithm and a knack for user experience, Google forever changed how we find knowledge online. But...
lesson from nfts

Building Brand Engagement: Lessons from NFTs and Collectibles

By Frank Cespedes and Ben Plomion The hype about NFTs might be over, but when carefully deployed, they remain a viable tool for brand engagement,...
Mercedes-Benz car

Going Faster Is Not Enough Add Innovation to Outperform

By Peter Weill, Jan Brecht and Stephanie L. Woerner To stay relevant and achieve resilience, company leaders need to focus not only on speed but...
Successful Business Model

Why Agility and Innovation are Essential Elements of a Successful Business Model

By Sam Martin At one time, it was believed that all a business needed to succeed was a good idea, or a quality product. These...
Exploring the Rapid Prototyping Model Accelerating Innovation and Solution Development

Exploring the Rapid Prototyping Model: Accelerating Innovation and Solution Development

Time-to-market and agility are critical in this rapid realm of information technology and product development. The rapid prototype Model has arisen as a dynamic...
shoes you dont own

Heavy (Carbon) Footprints: can Subscription Shoes Create a Sustainable Footwear Industry?

By Patrick Reichert and Oscar Vosshage Sneakers (or “trainers”, as they are known in the UK) are big business – and leave a heavy environmental...

Driving Brand Affinity, Consumer Trust, and Business Growth through ESG

By Jim Hardeman After more than a decade working in the intersection of technology and the food service and hospitality industries, I have witnessed change...
bsb sports

How to Score Big with B2B Sporting Partnerships

By Ashton Chalmers Sporting partnerships are no longer the exclusive domain of B2C brands. B2B companies are entering the fray and recognise the business potential...

Navigating the A.I. Era: How Riversoft from Taiwan Harnesses the Power of Generative A.I.

Exclusive Interview with Claude Shen, Chief Technology Officer of Riversoft Inc. In a world where Generative A.I. has become ubiquitous, Riversoft's CTO, Claude Shen, discusses...
Innovation

Notion Edge UK Rebrands as Prezien, Ushering in a New Era of Innovation and...

London, 22 May 2023 – Notion Edge UK, a leading SAP consultancy and services provider, is thrilled to announce its rebranding to Prezien, marking...
Automotive Industry

Connecting the Unconnected in the Automotive Industry Four Ecosystems that are Reshaping Automotive Industry...

By Hervé Legenvre and Erkko Autio Connectivity is a defining feature of digitalisation. As companies increase their use of digital technologies in their products and...
Robot Travel Agency

Robot Travel Agency: A Warm and Technological Welcome

The time is ripe for technology to bridge the information gap between newly arrived travelers, their holiday accommodation, and their chosen tourist destination. Enter...
Climate smart Approaches

Climate-smart Approaches and Alternative Nutrient Sources: Agriculture Trends Businesses Should Watch For in 2023

By Arseniy Olkhovskiy Our current global agricultural strategy is in desperate need of innovation and overhauling. As the world's population grows steadily, the amount of...
Crucials Elements of a Business Model Canvas

Crucials Elements of a Business Model Canvas

The most crucial element of a business model canvas is the value proposition. It determines the fundamental offering of the business and drives its...
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...

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