Friday, March 23, 2012

Seven Realities That Jeopardize Business Survival

In Information Revolution, Jim Davis, Gloria J. Miller, and Allan Russell discuss the "Seven Realities that Jeopardize Business Survival." Each reality illuminates the need for new business models as well as styles of leadership.

Business Reality 1: Business Cycles Are Shrinking

In today's Web-enabled economy, speed within all parts of the business model is the great differentiator. To accommodate changing markets and consumer preferences, product development and testing that used to take years has been shrunk to months or even weeks. Today, the first to market often enjoys the competitive edge. This shortened cycle challenges managers to make decisions with less time for consideration or analysis. As a result, they must depend on a combination of accurate, actionable information and intuition. And their decision must be in alignment with the overall strategy of the company.

Business Reality 2: You Can Only Squeeze So Much Juice Out of an Orange

The goal of improving operational efficiency drove a majority of the investment in the last decade. Initially the returns were high and provided a competitive advantage. However, now that enterprise resource planning (ERP) software is available, the field has been leveled. The next step is greater innovation and agility.

Business Reality 3: The Rules Have Changed; There Is No More "Business as Usual"

The days of following a typical path to business success are over. The same factors apply: profitability, customer satisfaction, stakeholder value, and competition. However, the path to success is very different and is fraught with new challenges: Mergers and acquisitions have hindered agility and cohesiveness.Productivity advancements have increased expectations from both customers and management.Advancements in IT have overwhelmed the abilities of some companies to manage and leverage the knowledge.The technologies that were introduced as the key to success often failed because the human issues were overlooked.

Business Reality 4: The Only Constant Is Permanent Volatility

This is a common theme but bears repeating: The company that is most agile and adaptable will gain and maintain a competitive advantage. Instead of just relying on past results to predict the future, companies need to tap into current trends through social networking, Web analysis, and employee feedback.

Business Reality 5: Globalization Helps and Hurts

Globalization presents many advantages, especially to small companies seeking a worldwide presence. Any company that is connected to the Web can strategically partner, outsource, or insource with relative ease. The downside is increased complexity when dealing with international languages, standards, and cultures. Strong communication skills are essential for navigating this terrain.

Business Reality 6: The Penalties of Not Knowing Are Harsher than Ever

In the new era of billion-dollar corporate scandals, personal accountability at the highest levels is not only prudent, it is now legally mandated. The Sarbanes-Oxley Act was designed to systematize ethical behavior. In addition to the need for strong, honest leadership, information systems to handle this complex business data are essential.

Business Reality 7: Information Is Not a By-Product of Business; It Is the Lifeblood of Business

The seventh business reality is a direct result of the first six. Due to shrinking business cycles, level playing fields, changing rules, volatility, globalization, and the cost of ignorance, information has become the lifeblood of many businesses. Today, accurate, accessible, actionable information is necessary to compete in the global economy. There are strong pressures to achieve more results while spending less time and money. Companies need up-to-the-minute information about their customers, suppliers, competitors, and markets. These realities also point to the need for new business models as well as for visionary leadership. With the complexity of business today, decisioning throughout the entire organization has to operate like a well-oiled machine.


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Olivia is an internationally known expert in Business Intelligence and Organizational Alignment. Her passion for finding successful solutions for her clients and partners has inspired her research in systems thinking and integrated business practices. She works with clients in communication, change management, team building and leadership development. Get free resources: http://www.OLIVIAGroup.com


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1 comment:

  1. اگر به دنبال فرشی با کیفیت در عین حال قیمت مناسب هستید، سایت فرش فرشیما یکی از بهترین فروشگاه اینترنتی فرش است که تمامی تلاش خود را در جهت تولید مرغوب ترین فرش کاشان کرده است. مجموعه ی فرشیما قالی کاشان را با الیاف گوناگون همچون بی سی اف، ورژن، اکریلیک و پلی پروپیلن تولید می کند تا خریداران بتوانند با توجه به نیازشان تجربه ی خریدی مطمئن و عالی داشته باشند؛ همچنین باید بگوییم که سایت فروش فرش فرشیما فرش کاشان را با ابعاد استاندارد و غیر استاندارد تولید می کند تا خریداران بتوانند با توجه به ابعاد دکوراسیونشان انتخابی آگاهانه و هوشمندانه داشته باشند و جلوه ای بی نظیر را برای دکوراسیونشان رقم زنند. هدف از ایجاد سایت کارخانه فرش کاشان این بوده که خریداران بتوانند در هر زمان از شبانه روز محصول خود را ثبت سفارش کنند و انواع تنوع در طرح و رنگ فرش کاشان را مشاهده کنند. وجود کارخانه فرش کاشان باعث شده تا مشتریان بتوانند به صورت حضوری بافته ی ماشینی را مشاهده کرده و سپس محصول خود را ثبت سفارش کنند. کارشناسان فروشگاه فرش ماشینی فرشیما به صورت 24 ساعته پاسخگوی تمامی سوالات خریداران هستند تا بتوانند در حوزه ی خرید و انتخاب فرش آنان را راهنمایی کنند. فروشگاه اینترنتی فرش کاشان فرشیما فرش 700 شانه، 1200 شانه و 1500 شانه را به فروش می رساند که این موضوع باعث شده تا خریداران بتوانند با توجه به دکوراسیون و پاخور بودن، سفارش خود را انجام دهند. اگر انتخاب فرش کاشان از بین دنیایی از طرح و رنگ برایتان سخت و دشوار است. می توانید عکس از فضایتان برای کارشناسان فرشیما ارسال کنید و فرش مورد نظرتان را به صورت پهن شده در محیط مشاهده کنید. اینکار باعث می شود تا خریداران بتوانند با توجه به طرح و رنگبندی دکوراسیونشان خریدی مطمئن و درست داشته باشند. تیم فرشیما تمامی تلاش خود را می کند تا مرغوب ترین و بهترین فرش کاشان را به خریداران ارائه دهد و تجربه ای ناب را برای مشتریان قرار دهد.

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