There is a popular saying that notting is constant, the only thing constant is change. The world is constantly changing. One major reason as to why most business do not last is because they are not willing or ready to accept changes. Till date there are companies who have refused to adapt to the use of technology which is making it hard for them to compete with new competition.
Welcoming change
- Thread starter eldavis
- Start date
It is true that we must welcome change for business progress. I'm also ready to create new products that I will launch in the future as a form of business innovation so that customers don't get bored. I am also ready to adopt technology for ease of doing business.
- Thread starter
- #3
This is a good idea, customers usually get bored, this is why these big companies these days usually rebrand their business after sometime, just to make things more lively and different to the customers.
You have a point here. We need to consider accepting the changes within the business and the external factors. However, changing things is not always a good thing for a company to do. It needs to consider the impact of these changes before carrying them out.
Yes what you say is very true, need to consider carefully before adopting changes. Example: Change of place of business to a new place, make sure the new place is far more strategic so that it is easily accessible to many people. And make sure old customers know this. Because there are companies that actually move to more remote places, making it difficult for many people to reach.
So many promising corporations have fallen aside and died off just because they refuse to accept change. And the world shows no mercy to those who refuse to adapt. The business world would just dump them by the wayside.
An important aspect that would enable a business to adapt to change in a smooth manner is the policy of designating at least one officer to carry out the task of scanning the business environment with a view to forecasting forthcoming changes.
I completely agree. Keeping up to date with the market trend and changing customer needs is essential to sustain a business. Also, in this digital era, adoption of technology is essential for a business to remain competitive by increasing productivity and efficiency.
It is just like what is happening now with artificial intelligence in businesses, anyone who really want to move his business to the next level will always embrace the use of artificial intelligence.
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- #10
Painful truth, no one would give you a chance or opportunity. Everyone is looking for a way they can be at the top of the market, so once they see an opening, they take it and make the most out of it.
It is very important indeed for companies and businesses to adopt to changes. They are constant and there is nothing you can do about them except move with the flow. Technology is one important change that businesses should adopt. It is what makes some businesses to be highly productive and competitive, you wouldn't want to be left behind.
