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

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

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Startups

Scandinavian Startups Poised To Hit It Big

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Business Paper

Guy El Khoury: How to Innovate in the Payments Sector

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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. ...

3 Important Dynamics Of Business Environment

The business environment comprises of all the factors that affect and support the business activities. It consists of both internal factors as well as...

The Sectors Which Spent the Most on Innovation in 2020

In order to stay ahead of the game, innovation is key. This is a lesson successful businesses not only recognize but continually apply, and...

Why Market With 3D Viewing Software

3D is a word that peoples been hearing throughout the technology world, film industry, and other marketplaces for a number of years now. Ever...

Keeping Resilience in VUCA era: The Organization Should Learn from the Water’s Wisdom

By Weixu Ding and Jianhua Mao The COVID-19 outbreak started at the end of 2019 that has hurt the world's economy, cultural exchanges, people's healthy...

Exchanging Social Media Accounts – The Hype Lives up to RESULTS

The practice of purchasing and selling social media accounts has become main stream. Whether for business or personal-venture endeavors, exchanging social media accounts has become...

Linking profit and purpose doesn’t just do good: It can boost the bottom line,...

By Gavin Willis Almost 10 years ago I founded my digital marketing agency, Search Seven. At the time I was clear that I was starting...

Zilch raises $10m to scale its unique BNPL Anywhere offering

1st September 2020, London – Zilch announces $10m in new funding to continue scaling its unique over-the-top Buy Now Pay Later (BNPL) business. The London-based...

Organizational Preparedness with COVID-19: Strategic Planning and Human Creativity

By Yingying Zhang-Zhang and Arup Varma COVID-19 arrived with force and unpredictability, dragging sectors and industries to an unprecedented and uncertain situation. Companies and organizations reacted, but most...

Nicolas Krafft and the Why and How of Haircare Products Beyond 2020

Ten years ago, the hair care product industry was comfortable and familiar. Stylists stood faithfully by their salons, salons ordered exclusively from professional hair...

Robots Are Cleaning Up – And Much More Besides!

Interview with Claus Risager, CEO at Blue Ocean Robotics The potential of robots to assist and even replace humans in a variety of work areas...

Contentful – What is Content as a Service?

Businesses use the content as a service (CaaS) model to increase their profits while giving more options to their customers. CaaS means that your...

Key Changes In Management: Implications From The Corona Crisis, Particularly On Family Businesses And...

By Dr. Peter Lorange   Introduction In this paper I shall discuss what I see as some major implications for management practices when it comes to several...

Business After COVID 19: What Will Change

Since the Covid-19 pandemic hit the world, businesses have been turned upside down in almost all aspects. Most have been forced to send a...

Finding New Products by Vision: Eurodrug Innovates in a Sector Dominated by “Big Pharma”

How does a medium-sized company stand out in a highly concentrated market with rapidly increasing capital requirements? Eurodrug is an international pharmaceutical company active...

How the Next Wave of Innovators will Change the Fabric of the World

By Jean-Marc Ollagnier and Vedrana Savic The next wave of innovation will see products and services combining technology from across the digital, physical and biological...

Partnering to Grow in the Digital Era

By Ina Sebastian, Peter Weill and Stephanie Woerner For many companies today the most important goal is growth. One of the big opportunities for achieving...
european business review

The Current Frontier in Industrial Manufacturing: Bringing Software Systems to Market

By Bianca Schmitz, Olaf Plötner, Viktor Jarotschkin and Johannes Habel Industrial manufacturers increasingly market software systems that help customers optimize value chain processes. However, many...
Businessman drawing global structure

Customer-Driven Disruption

By Suman Sarkar Suman Sarkar has advised leaders at dozens of disrupting Fortune 500 companies. Executives, he says, focus too much on technology and short-term...
Graphic designers discussing

3-steps to Commercialising Intellectual Property in the Creative Industries

By Gene Shill The value of intangible goods is making an unprecedented contribution to the global economy as the world becomes progressively digitised, with many...

TOP READS OF THE WEEK

The Empathy Illusion: Why AI’s Perceived Humanity Matters More Than Its Reality

By Luke Treglown AI is transforming how we work and interact, not just through efficiency but by mimicking human qualities like personality and empathy. As we debate whether AI can truly possess humanity, its growing...
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Intuition or Data? Are You Ready to Let Artificial Intelligence Choose Your New House or Business?

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