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Being a step ahead of the curve in the corporate world is essential for success. Businesses may need to think about a number of reforms in the upcoming years if they want to be competitive and relevant. Here are few possible areas for corporate reform, and it is hard to say with certainty what changes will take place in 2023 and beyond. Companies who see these trends, though, and act to adapt to them may be in a better position to succeed in the future. · Sustainable and ethical business practises are becoming more and more important as customers and investors become more conscious of environmental and social challenges. Businesses that embrace sustainability may gain a competitive edge as a result of increased rules and standards. · The COVID-19 epidemic has hastened this process, and businesses who adopt cutting-edge tools and digital technology may gain an edge over rivals. This might involve e-commerce, AI, and automation. · The epidemic also brought attention to the viability and advantages of remote work, and more organisations may embrace hybrid models or remote work rules, which could affect how businesses function and are structured. · Companies that value diversity and inclusion may have superior talent retention, creativity, and market appeal. Diversity and inclusion are becoming increasingly important in the workplace. · Recent business scandals and failures have brought attention to the significance of ethical leadership and governance. Businesses with a focus on ethics, accountability, and transparency may have a competitive advantage.
April Editorial The shift towards sustainable and socially responsible business practices has become increasingly apparent over the past decade, driven by a combination of consumer demand, investor pressure, and regulatory requirements. Companies that embrace sustainability and social responsibility are not only doing the right thing, but they are also reaping the benefits of increased customer loyalty, improved brand reputation, and better financial performance. The healthcare industry has also recognized its important role in achieving sustainability goals. Sustainable goals in medicine include reducing the use of single-use plastics, improving energy efficiency in healthcare facilities, promoting sustainable sourcing of medical products, and reducing the carbon footprint of medical transportation. Achieving these goals will not only benefit the environment, but it will also lead to better health outcomes for patients and cost savings for healthcare providers. The circular economy is an economic system that aims to keep resources in use for as long as possible, extracting the maximum value from them before recovering and regenerating products and materials. This approach not only reduces waste but also creates new business opportunities and improves the resilience of supply chains. Companies can adopt circular economy principles by redesigning products for longevity, reusing and repurposing materials, and promoting sustainable business models. By embracing the circular economy, companies can reduce their environmental impact, increase resource efficiency, and create a more sustainable future for business. Sustainable supply chain strategies are essential for reducing the environmental impact of business operations and increasing resilience in the face of climate change and other disruptions. Companies can adopt sustainable supply chain practices by promoting sustainable sourcing of materials, reducing waste and emissions throughout the supply chain, and promoting circular economy principles. These practices not only benefit the environment but also reduce risks to the business and improve supplier relationships. By implementing sustainable supply chain strategies, companies can create a more resilient and sustainable business model that benefits all stakeholders.
As our world becomes more digitally connected, the value of cybersecurity cannot be stressed. With the rise of cyber risks such as hacking, identity theft, and data breaches, we must prioritise the security of our personal and company data. Cyber-attacks can come from anywhere in today's globe, and anyone can be a target. Cybercrime affects everyone, from people to small enterprises to major corporations. A single cyber assault can be disastrous, with potential outcomes ranging from financial loss to reputational damage. To defend ourselves and our company from cyber threats, we must take proactive measures to improve our cybersecurity. This involves maintaining current on the latest threats and vulnerabilities, establishing strong passwords and two-factor authentication, and backing up our data on a regular basis. Businesses should also invest in strong cybersecurity measures like firewalls, intrusion detection systems, and encryption. It is also critical to offer staff with regular cybersecurity training to ensure that they are aware of the risks and know how to respond in the event of an attack. However, cybersecurity is the responsibility of governments and policymakers as well as individuals and enterprises. Governments must collaborate to develop rules and regulations that encourage cybersecurity and hold organisations accountable. As we become more reliant on technology in our daily lives, the necessity for solid cybersecurity measures will only grow. It is up to all of us to prioritise the protection of our personal and business data and collaborate to create a safer, more secure digital environment.
Welcome to June edition of the magazine, where we bring you insightful articles on some of the most pressing issues of our time. In this edition, we focus on some of the contemporary subjects again. The rate of unemployment has been a major concern for many countries, and in our first article, we delve into the change of labour market and root causes of this problem and suggest possible solutions to address it. As the world continues to grapple with the COVID-19 pandemic, remote working has become the new norm for many people. Dr. Mythili Kolluru explores the benefits and challenges of remote working and provide tips on how to make the most of this new way of working. Anger management is another issue that affects many people, and in this article, Dr. Neeta Pant provides practical tips on how to manage anger and maintain healthy relationships. Research in quality education is crucial for the development of any society, and in our fourth article, Dr. Sanjay Agarwal highlights some of the latest research findings in this field and their potential impact on education systems around the world. Finally, we take a closer look at the consumer retail market and provide insights into the latest trends and innovations in this sector. Travel is an important aspect of our lives, and in our travel diary, we showcase Bora Bora, one of the most exciting travel destinations around the world. We hope you enjoy reading this edition of the magazine and find the articles informative and thought-provoking. As always, we welcome your feedback and suggestions for future editions.
“Business strategy e-magazine” focuses on the Corporate Governance. Some of the best international professionals and entrepreneurs voluntarily provide with informative management & leadership skills, entrepreneur’s choices, career resources & more that you might need to succeed. The objective of this digital media combo is to motivate young graduates & executives who dream to transform an innovative idea into a start-up and write a success story of their own in future. Our audience come from more than 80 countries to watch and listen to successful business persons as they share their insights and showcase their innovative products or services. This issue talks about impact of remote working, changes in Interest rates, Economic Indicators, Story of Chaayos, Travel destination and more...
Artificial Intelligence (AI) stands as a remarkable testament to human ingenuity. The issue highlights AI application in Agriculture, Technology, Business and common life. In agriculture, AI heralds a revolution. With its predictive analytics, AI optimizes farming operations, enhances crop management, and mitigates weather-related risks. AI creates a hope, helping farmers adapt and feed a growing population. Artificial Intelligence (AI) stands as a remarkable testament to human ingenuity. The accelerating pace of AI development portends a future where technology becomes more responsive to our needs and helps solve complex challenges. Sumer Sobti illustrates the wise use of AI in Business. Businesses, both small and large, have found a valuable partner in AI. From chatbots delivering personalized customer experiences to data analytics driving informed decisions, AI fosters efficiency and growth. Supply chain management, financial forecasting, and market analysis all benefit from AI, fostering innovation and competitiveness in the business world AI is a blessing, enriching our lives by improving personalization, convenience, and efficiency. Voice assistants, recommendation systems, and automation are just a few ways AI has touched our daily routines, simplifying tasks and enhancing experiences. Dr. Mythili Kolluru has introduced the readers to the BANI framework, which stands for Brittle, Adaptive, Nonlinear, and Interactive, business climate. Further the holy city of Varanasi, epitome of Hindu pilgrimage and other cultures is the centrepiece of our monthly travel column.
Digital transformation is a must. Consumers have fully embraced the digital age, and companies have followed suit, deploying programs to adapt to the rapidly evolving marketplace. But the pace of technological change is such that digital trends are shaping the future, revolutionizing the business world and turning it on its head. How can business leaders operate, innovate and thrive in the present and future digital market? Digital Business Strategy - How to Design, Build and Future-Proof a Business in the Digital Age provides a practical step-by-step guide with frameworks, examples and real-world guidance to break down what is required to deliver complex business transformation. Six comprehensive sections delve into: understanding the drivers of the digital age, how to develop a digital strategy, the core competencies of a digital business, how to execute transformational change and build a digital culture, how to deliver value today while creating opportunities for tomorrow through ambidextrous roadmap planning and execution techniques, and preparing for the next wave of innovation. Digital Business Strategy is for C-Suite leaders, first-line management, entrepreneurs, SME business owners and students; anyone interested in shaping their team, business, service or proposition to be digitally sustainable and resilient in the present and future digital era.
How to close the gap between strategy and execution Two-thirds of executives say their organizations don’t have the capabilities to support their strategy. In Strategy That Works, Paul Leinwand and Cesare Mainardi explain why. They identify conventional business practices that unintentionally create a gap between strategy and execution. And they show how some of the best companies in the world consistently leap ahead of their competitors. Based on new research, the authors reveal five practices for connecting strategy and execution used by highly successful enterprises such as IKEA, Natura, Danaher, Haier, and Lego. These companies: • Commit to what they do best instead of chasing multiple opportunities • Build their own unique winning capabilities instead of copying others • Put their culture to work instead of struggling to change it • Invest where it matters instead of going lean across the board • Shape the future instead of reacting to it Packed with tools you can use for building these five practices into your organization and supported by in-depth profiles of companies that are known for making their strategy work, this is your guide for reconnecting strategy to execution.
Digital Business Strategy responds to the need for clarification of the increasing, but fragmented, knowledge of digital business strategy. It systematically presents topical knowledge by reviewing previous research and developing frameworks for the content of digital business strategy and its relationships with relevant factors. In addition, the book analyses issues encountered by individual companies when implementing digital business strategies. The volume identifies key categories of digital business strategy, in particular, strategy scope and direction, competitive advantage, and resource and capability reliance. It then explores relationships with antecedents such as digital experience, relationships with obstacles and enablers of strategy implementation, and relationships with operational and financial outcomes. The author demonstrates that strategy content and relationships differ among manufacturing companies, retailers, digital content providers, and digital platforms and also presents ways to cope with issues of implementation. In summary, the book provides readers who wish to know more about the growing field of digital business strategy with up-to-date and systematic knowledge. It will be of great value to students at an advanced level, researchers, and reflective practitioners in the fields of technology management and strategic management in particular.
In the fast-paced world of business, the key to success lies in attracting and retaining top-tier talent. The landscape of talent acquisition has evolved dramatically, with onboarding processes taking center stage. Streamlining onboarding not only ensures a smooth assimilation of new hires but also sets the tone for a successful employee journey. Online placement sites have become the catalysts for this transformation, connecting businesses with the best-suited candidates effortlessly. These platforms leverage advanced algorithms and data analytics to match skills with job requirements, fostering efficient recruitment processes. The paradigm shift towards virtual recruitment has further amplified these platforms' significance, enabling companies to cast their nets wider and tap into diverse talent pools. Enter the novel concept of incentivizing talent through retreats to top hill stations of the world. In conclusion, the synergy between onboarding, online placement sites, recruitment, and unconventional employee perks is reshaping the dynamics of talent acquisition. As businesses adapt to this holistic approach, they are not just attracting talent; they are building enduring relationships and fortifying the foundation for sustained success.