The business ecosystem today is vastly different from the past. The nature of work is more collaborative and fast evolving than ever. Consumer preferences have been rapidly evolving and companies face both uncharted threats and opportunities as this opens newer markets and revenue streams. Unlike a time when changes within businesses were incremental, the current age of digital growth—both within business and consumers alike—has been far from taking small steps; today it is more akin to taking giant leaps.
As technology becomes the bedrock of market change, companies are slowly realizing that they now need to get used to surviving in a dynamic ecosystem where short term equilibrium is rare to be found. Business models have been under a constant need to evolve in an effort to reflect consumer needs more accurately and in turn, many who have failed to do so have perished. New market leaders have emerged as a first-mover advantage has played to great benefit, while in certain cases, companies that have adopted digital technologies later on, by driving their growth through a clear purpose and a well-honed work culture, have grown to capture a major portion of the market share. Traditionally big corporations compete with upstarts as decentralized use of technology helps surpass the economy of scale and build profitable enterprises. What has been called the Industrial Revolution 4.0—often with good reasons—has thrown the global economy into chaotic waters. It has led to terms like ‘Digital Darwinism’ enter the business lexicon, again with due reason.
It is in this reality that business leaders today find themselves at the helm of their organizations, on their shoulders the responsibility to successfully navigate their companies.
Denne historien er fra September 2019-utgaven av People Matters.
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Denne historien er fra September 2019-utgaven av People Matters.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How Digital Transformation Can Power The Great Reset
Technology has the potential to serve as the key enabler of change between digitalising administrative tasks and fostering human connections
The Crypto Meltdown Of 2022
FTX implosion: A setback, but not the end for the crypto market
Govern Pre-IPO Unicorns to Create Value; Not Valuation
Billion-dollar startups always make the headlines. But is there true value behind those eye-catching valuations? How can proper governance be implemented for these much-hyped companies?
On change and change management
The best way to end the year, especially such a disrupted one as 2022, is by laying the groundwork for the year to come. Michelle Yong, Head of Resourcing at Shell, offers some insights on change management to bring us forward into 2023
The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
What takeaways can we draw from the pandemic? Fatima Koning, Chief Commercial Officer at IWG, shares what the last five years have taught her about managing a global sales team across 120 markets in the hybrid model
Eight HR trends that we saw throughout 2022
As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
