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.
Identifying critical business needs and setting up plans on how to maintain supplies and operations, as well as establishing communication channels with suppliers to be informed in case of any eventuality, are part of the advice for companies.
The coronavirus has already affected the world economy, and its effects do not seem to stop. With countries in quarantine, financial markets in the black and international trade diminished, the economic outlook is not very encouraging, explains a document from the Guatemalan exporters' union.
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.
How to boost profitability by making better decisions when putting a price on what we sell.
By Ariel Baños an Economist at fijaciondeprecios.com.
Some customers have rejected our quotes, and in sales outlets questions can be heard over certain prices. Our vendors warn about the aggressive competition. From all of this desperation starts to grows. Guess which variable is the easiest for your company to adjust? Has the price crossed your my mind? .
At the Transcyberiano congress held in Costa Rica, one of the conclusions was that the success of new businesses depends on their Internet presence.
An article in Elfinancierocr.com reports that "the web has become increasingly vital for any new business seeing as daily internet consumption in the last year went from 45.5% to 53.8% of Costa Ricans, mainly due to cellular consumption, said Cathalina Garcia, vice president of Unimer Centroamérica.
To those who sleep less than others. To those who take risks. To those who have new ideas. To those who create wealth. To those who try to change the world every day ...
EDITORIAL
In some countries today is the "Day of the Businessman", others call it the "Day of the Free Enterprise".
As a means of business information, at CentralAmericaData.COM we believe in free enterprise, and we try to serve that end every day in our work.
Productive chains link suppliers and distributors to the value chain of a larger company, transferring technology to them and creating a more sustainable business.
The journalist Tatiana Gutierrez interviewed Leo Schlesinger, designated a Young Global Leader by the World Economic Forum in 2010, for the newspaper La Nacion. The following is part of the interview:
In the markets of the 21st century, characterized as increasingly global and competitive, only competitive companies will survive.
An article in Capital.com.pa by Darsy Santamaría Vega reports that "Darwinism is perfectly applicable to the business world: Only the strongest and most able to adapt to change, will evolve and survive."
Factors that limit the competitiveness of enterprises, says Santamaria Vega are "restrictions, monopolies and oligopolies in the Panamanian economy, weak education, excessive bureaucracy and lack of road infrastructure, elements that put us at a disadvantage to exploit the trend towards the full opening of markets. "
A guide for choosing board members for small or family businesses so as to ensure good governance.
An article by Luz Maria Salamis in Prensa.com summarizes the teachings of Julie Garland McLellan, a consulting expert, for choosing better directors and so ensure the health and progress of the company:
-Identify board members who add value in order to grow the company as far as your expectations, and beyond.
Samuel Zemurray, known in the United States as the Banana Man, a tycoon who challenged the United Fruit Co., leaves behind 5 lessons for success in business.
The banana magnate Samuel Zemurray, known in the United States as the Banana Man, saw an opportunity to become very rich in the piles of unused ripe bananas that he saw one day in 1895 in Mobile, Alabama.
The management of intangible assets such as reputation and brand, are a key part of good corporate governance.
The practice of good corporate governance should be a common rule for all types of enterprises, including family businesses, because it allows an increase in the availability and terms of securing financial resources and better agreements with other stakeholders.
"Entrepreneurship is not a job, or even a calling, but a thirst."
Successful entrepreneurs - those creatures that we are all now viewing as essential to save the world economy from its troubles - come from different countries, societies, cultural backgrounds and business sectors. There is no single or particular stereotype, however, these individuals have several things in common.
Vision, attitude and processes are the pillars which strengthen the sustainable growth of businesses.
The development of successful companies and people usually results from a combination of these three elements: vision, attitude and processes, which interact to enable sustainable business growth.
A large part of vision, is clearly understanding the commercial or personal goal that you want to achieve.
The problems between relatives are the primary cause for the disappearance of family businesses.
In Central American countries a large percentage of the GDP is generated by family businesses. In many cases the main strength of these organizations, the staff loyalty to the service of a company which belongs to everyone, is countered by the difficulty in resolving conflicts between the owners.
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,...