Current Business Environment

2017 ◽  
pp. 13-66
Author(s):  
John E. Spillan ◽  
Domfeh Obed King
Keyword(s):  
Business Environment ◽  
Current Business

scholarly journals The Concept and Importance of Alternative Strategy as Parallel Strategy to be followed in Organizational Decisions to Ensure Success

2018 ◽  
pp. 1-15 ◽  
Author(s):  
P. S. Aithal ◽  
Architha Aithal
Keyword(s):  
Business Processes ◽  
Business Environment ◽  
Alternative Strategy ◽  
Competitive Strategies ◽  
Business Decisions ◽  
Strategy Model ◽  
New Strategy ◽  
Lateral Thinking ◽  
Generic Strategies ◽  
Current Business

Organizations and individuals usually have well defined objectives at any given point of time and invest their resources systematically to fullfill the objectives by setting their goal and formulating and following a strategy to chase their goal. Various strategies are used to chase the goal in both organizational and individual cases include competitive strategies or red ocean strategies, monopoly or blue ocean strategies, sustainability or green ocean strategies, survival or black ocean strategies, and mixed or white ocean strategies. The complexities of business decisions after globalization of business and technification of business processes, winning or sustaining or even surviving in current business is considered as an intensive challenge for organizations and also to individuals. In such environment called the turbulent business or social environment for organizations and individuals respectively, a new strategy for survival called “Alternative Strategy” is proposed in this paper and the concept of the strategy, its importance in the current business environment for organizational decisions are discussed. The paper also looks into the understanding of the Generic strategies, their applicability and constraints while identifying the importance of alternative strategy. Eight postulates are developed to support the concept of alternative strategy, and an alternative strategy model is suggested using lateral thinking techniques. The model consists of evaluating and comparing the alternative strategy with primal strategy using ABCD analysis framework. Such model of alternative strategy can be used at operational level, tactical level, and strategic level of any organization to realize its objectives.

scholarly journals ATTITUDE OF SLOVAK SMALL AND MEDIUM-SIZED ENTERPRISES TOWARDS RISK MANAGEMENT – INVESTIGATION OF THE REGIONAL DIFFERENCES

2019 ◽  
Vol 7 ◽  
Author(s):  
Matej Masár ◽  
Mária Hudáková
Keyword(s):  
Risk Management ◽  
Empirical Research ◽  
Regional Differences ◽  
Slovak Republic ◽  
Business Environment ◽  
Employee Education ◽  
Level Of Education ◽  
Customer Expectations ◽  
Long Time ◽  
Current Business

Contemporary trends highlight the need for education in each enterprise. The current business environment is characterized by many changes such as increased customer expectations and high levels of competitiveness in the environment. World trends, shows, that managers and owners of small and medium-sized enterprises (SMEs) perceived the need to take care of risk management in their enterprise. This issue has been analyzed and discussed for a long time. It is necessary to concentrate on this field mainly in the Slovak Republic. SMEs in Slovakia are very sensitive to changes in the environment. The aim of this paper is to investigate regional differences in the attitude of Slovak SMEs towards risk management, with special emphasis on the attitude towards significance of the education in the field of risk management based on empirical research, which was provided by authors in 2017. This paper will evaluate: the level of dependence between the selected Slovak regions and the created space for discussion about risks in SMEs, the level of dependence between selected Slovak regions and the created space for employee education in risk management in SMEs, and the level of dependence between selected Slovak regions and the required education possibilities in the field of risk management. It will use: association, the Pearson’s coefficient and the Tschuprov coefficient for evaluating the results. Overall results of the empirical research point towards the significance and importance of using risk management in SMEs. The results, shows, that there is a very large association between investigating dependence. Based on the results, it is necessary to improve the level of education in the field of risk management, which will be based on current entrepreneurial requirements.

Developing the Disruptors

2020 ◽  
pp. 23-40
Keyword(s):  
New Technologies ◽  
Deep Understanding ◽  
Major Change ◽  
Wicked Problems ◽  
Business Environment ◽  
Strategic Process ◽  
The Future ◽  
The Right ◽  
Current Business

Disruptive leaders possess a deep understanding of the nonobvious. Developing solutions with a heightened creativity, solving problems and addressing risks, finding the right tradeoffs, and recognizing the wicked opportunities in the wicked problems, disruptive leaders scan the environment, identify trends, and envision the future. Often, this is done by finding superior solutions, products, and services. However, this is done with a strategic process and plan. In our current business environment, right when we get comfortable, we find ourselves having to adjust to a major change that requires us to shift time, energy, and resources to solve a problem or stay ahead of the market, or change our market. Every change that we encounter creates winners and losers. If we are disruptive in our leadership, these changes can bring about fabulous innovation and create new technologies that benefit humankind. Building a disruptive organization is the best way to thrive. This chapter explores developing the disruptors.

Educating the Business Information Technologist

2011 ◽  
pp. 130-135
Author(s):  
John Mendonca
Keyword(s):  
Information Technology ◽  
Business Environment ◽  
It Professionals ◽  
Business Information ◽  
Framework For Teaching ◽  
Strategic Perspective ◽  
Current Business

The current business environment requires that all Information Technology (IT) professionals, not just managers, develop a strategic perspective toward their work. This chapter discusses the importance of that perspective for today’s business information technologist and proposes a framework for teaching strategic IT to non-managers.

A Strategic Perspective on IT Outsourcing

2013 ◽  
Vol 4 (4) ◽  
pp. 22-34 ◽  
Author(s):  
Bhaskar Prasad ◽  
Rudy Martens
Keyword(s):  
Business Environment ◽  
It Outsourcing ◽  
Academic Literature ◽  
Strategic Perspective ◽  
Current Business

In the current business environment IT outsourcing has gained prominence. Many firms in Europe outsource their IT requirements to Asia. This study analyzes the factors which favor this trend in which clients are based in Europe and vendors are based in Asia. From a strategic perspective, this study identifies the characteristics that IT activities must possess for them to be outsourced from Europe to Asia. In addition to contributing to academic literature this study will put forward the implications for organization adopting IT outsourcing.

Improving Business Processes by Visual Workflow Platform

2011 ◽  
Vol 204-210 ◽  
pp. 1051-1056
Author(s):  
Lang Cai Cao ◽  
Jian Luo
Keyword(s):  
Business Process ◽  
Business Processes ◽  
Business Environment ◽  
Work Efficiency ◽  
Process Data ◽  
Business Units ◽  
High Level ◽  
Share Information ◽  
Track Status ◽  
Current Business

With ever-changing and fast-changing in current business environment, traditional business process is more and more incapable to meet the demand to share information, visualize both high-level and detailed process data, track status and expedite business processes. To address these challenges, the visual workflow platform is introduced. As proven by an industrial case, the workflow platform can greatly help business units to improve work efficiency.

scholarly journals VUCA Approach towards Supply Chain

2020 ◽  
Author(s):  
P.Viswanathan N.C
Keyword(s):  
Supply Chain ◽  
Business Performance ◽  
Business Environment ◽  
Global Market ◽  
The Impact ◽  
Current Business

Volatility, Uncertainty Complexity and Ambiguity are the words increasingly used in the supply chain in the current business environment, and the impact it has on business performance in the supply chain is numerous towards improvement. VUCA the terms became synonymous, in supply chain, thus became increasingly important to the leaders in supply chain, to seek the business to operate efficiently and effectively in supply chain. Supply chain is predictable, and today the global market is full of volatile uncertainty and ambiguity, as organizations have to be carefully strategized and be ready for changes in the market and keep the supply chain moving forward.

Fighting the Giants: The Case of a New Player

2014 ◽  
Vol 3 (2) ◽  
pp. 129-138
Author(s):  
Herwina Rosnan ◽  
Rosmimah Mohd Roslin
Keyword(s):  
Middle East ◽  
Competitive Advantage ◽  
Business Environment ◽  
Target Market ◽  
Sustainable Competitive Advantage ◽  
Local Business ◽  
Main Target ◽  
Current Business

Today’s business environment is dynamic and current business competition is characterized by some authors as hyper-competition. For a new player, sustainable competitive advantage is a crucial indicator of success. SimplySiti is a new brand in the beauty industry in Malaysia having being established in 2008 and launched in 2010. Amidst the presence of more established global competitors like L’Oreal, Avon and Estee Lauder in the Malaysian market, SimplySiti has done fairly well. Much of its success is attributed to fast acceptance by the market as the main target market for this brand are fans of Dato’ Siti Nurhaliza, the most popular Malaysian singer with vast following not only in Malaysia but across countries such as Indonesia, Singapore, Brunei and the Middle East. The brand itself is associated with Dato’ Siti Nurhaliza as she is the founder and the driver of this brand and she is involved in marketing and promoting this brand directly. This case study highlights how a newly established local business competes with the more established global players. Specifically, the article analyzes how SimplySiti thrives in the midst of very strong and much-established competitors and the direction it takes to steer the company in the next phase of its establishment.

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