Companies with teams dedicated to innovation, organizational structures that allow for agile decision making and that quickly migrated to teleworking, are those that have best adapted to the new commercial reality.
The pandemic brought about a scenario of changes in the business models, the companies had to apply radical changes in an accelerated way in order to successfully face the challenges represented by the changes in people's habits.
A company can make no mistakes at all, but if its strategy and way of thinking are not able to adapt quickly to changes in the environment, it will inevitably disappear.
EDITORIAL
Nokia's CEO said: "We didnt do anything wrong, but somehow, we lost"
Nokia was the shrimp that was ahead of the pack... but it has become the best example of the old latin adage "a shrimp that falls asleep, gets carried away by the current." The failure of the technology giant was not due to technical mistakes made by company leaders, but the inability and perhaps unwillingness to change and understand that the environment they had to compete in had changed.
Companies recognize how important managing a growing international and mobile workforce is for the future of their businesses, but they do not know how to do it.
Companies do not have an appropriate strategy to deal with the transformation that is happening the way of working in the world -from the convergence of five generations to operations spread across the planet- which will lead to a crisis in management, attraction and retention of talent, concludes the Workforce 2020 study, prepared by Oxford Economics and SAP.
Nearly three-quarters of newly formed companies arise from ideas that are not very innovative, and there are very few that are export-oriented.
This was revealed by the "National Report 2012: the state of entrepreneurship in Costa Rica". "The research, made with the methodology of the Global Entrepreneurship Monitor (GEM), shows that 73% of new companies created do not offer any new products or services to customers, while for established firms the ratio is 60 % ", reported Nacion.com.
Sectors affected by the appreciation of the colon against the dollar must innovate to survive in the market, experts say.
In Colombia, the appreciation suffered by the Colombian Peso against the dollar in recent years hit the export sector, especially flower exporters and garment factories, sectors which have reduced significantly as a result of not being able to compete under the new conditions.
Very important reading. Five tips from Richard Branson, the successful founder of Virgin Airlines, about how to succeed in the business world.
Born in 1950, Branson, started his first company ( a magazine named "Student") when he was 16 years old. At his 20's he started a mail delivery company activated by audio and when he was 20 he created Virgin Records, a music store chain.
The global market adds 50 million consumers each year. Is your company ready to take advantages of theses new opportunities?
If Herb Meyer’s prediction of 50 million new consumers per year is accurate, as was his conjecture that the Soviet Union would fall, it may be crucial to get ready to what he labels “the greatest change the world has ever seen”.
If a business is successful somewhere else, it doesn’t mean it will be automatically successful in our market.
Studying consumption trends in more developed countries is a good source of potential business opportunities. If a product or service is selling well and being profitable in a country, it is likely to be successful in another.
When the plan does not unfold as expected, focusing on the objective makes the difference between success and failure.
Corporate creativity is not just creating business ideas, but also the ability of focusing in making the chosen one a reality.
Because as soon as things do not unfold as expected, other ideas start to look better, and it is easy to make the mistake of abandoning the course of action and starting with a new idea.
Building capabilities for innovation.
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2220 1163
Each age requires some basic skills to be successful. In the Middle Ages, loyalty to a Lord was mandatory. Nowadays its different...
¿Which are the basic competences needed for this century?
A Bnet article describes the five skills business leaders must have, according to Professor Helen Haste, from the Harvard Graduate School of Education:
Truism: management practices for businesses during times of crisis cannot be the same as those used during boom times.
Even though Panama appears to be doing a better job of dealing with the global crisis compared to other countries in the region, signs of a slowdown are clear. Commercial activity has decreased nearly 10% in the first quarter of 2009.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...