Examples Of 7 Tenets For Building A Digital Enterprise Of Future

Businesses are not only faced with competition within the industry they operate in. They also face competition from businesses in other industries.

In today's marketing era in order to remain in business the organization has to adjust to change in society. The businesses who survive are the ones who can adapt and stay caught up with society's constant demand of new, better and faster mindsets. Coupled with a business being able to think smart and fast, knowing that there is constant change and being able to not only be on the same page but always a step

As we head into the future, it important for any business organization to be prepared. The evolution of business technologically is rapid, and it’s important to

Trends of economy, changes of rules and regulations, closure of competitors business, good opportunities for investments, other best opportunities, buyers predicted buying expectations etc what will bring positive changes to the business.

New companies are the key elements of any Economy. The U.S. Census Bureau in 2002 counted around 23 million firms and nearly 24 million business “establishments”. In 2006 an article, “The Seven Pitfalls of Business Failure,” noted that half of the new businesses fail within their first five years of operation. However, careful planning can help a company be a successful and profitable undertaking.

Businesses continually adapt to a changing environment to maintain their market position (Appelbaum, Habashy, Malo, & Shafiq, 2012; Biedenbacha & Soumlderholma, 2008). Change is inevitable considering the current rate of technological advancement and the growth in global competition (Appelbaum et al., 2012; Armenakis & Harris, 2009; By, 2007). Increasing competition and the need for strategic flexibility and globalization is affecting almost every organization today, regardless of size, market, focus, and so on (Jaros, 2010).

There are some problems that deal with the company as a whole. Does the company want to wait until they are “going down” to think of new innovations? The company knows that they can’t just sit without change. In an ever changing market, a company that wants to be successful must keep up

In today’s economy, firms are no longer the center of business. In order to survive,

We are in an era in which technology and information-sharing platforms have given buyers and consumers more information about products and services than ever before. There is a new power dynamic between companies and customers in which buyers no longer need organizations to help them make a purchase decision. As the competitive landscape continues to change, business leaders will need a new process for overcoming challenges and a new mindset to find success.

Tom Everist once said that “all business is timing.” Very little of what has been assembled in the last 30 years is a result of superior business acumen or some complicated market strategy. Land was bought, track was laid, and buildings erected on the premise that we wanted to build a business with what we know and do best: manage resources and sell them to others who need and recognize quality products and

Competition is very large in the everyday business industry. One company is trying to beat the next company or top the next company. Competition in the businesses is the normal competition. Individuals must be building and have a strategic plan which needs to be unique and different. In large industries such as drink interesting are rapidly changing for the sake of the market place.

Business models are what is described as an organizations competitive methods and strategies and is the rationale of how it creates and captures value. External factors are significant and perform as guidance on which the organization needs to function. In addition to the business model detailing how the organization plans on making money it is also a design for the successful operation of a business identifying revenue sources, products, financing details, and a customer base. External factors are unpredictable events that take place outside the organization that can be dangerous. These events are harder to prepare for and are often bewildering. External forces play a part in determining the market position and strength of an organization. Customers are the principal determinants of this position (Egbu, 2004). Factors such as changes to the economy, threats from competition, political factors, government regulations, and the industry itself play an important

Many owners/ managers have a myopic behavior or attitude. Having a myopic attitude when in a leadership position can be very bad for the future of the business. Myopic behavior is the lack of imagination, nearsighted, and intellectual insight. Being a boss with no imagination or sense of the future will cause you to fall behind the growth curve. While other surrounding businesses are becoming a more high tech, user-friendly, and accessible, a myopic business owner is not up to par with the others, which can cause business owners to lose customers. A way to make sure your business does not fall behind is to take risks, while also being smart about what risks are worth the possibility of failure and which are not. Another way to keep up with the competition and the evolving world is by continuously improving functions, such as machinery, advertisement, and work ethic among the employees. Apple is an extremely successful organization that has used these tactics to stay up to date with technology. Apple's biggest competitor

The business world preys on those who stay static, and fail to evolve and innovate. There are solutions however and of course and it is worth investigating what aspects play

First of all, businesses are being over ran by technology. When a business places an order for equipment or supplies, technology come into play. When supplies, equipment or even looking at the budget that has been spent or can be spent, the one tool that is used every time is some sort of technology. Either it be a phone or a computer, technology is being used. If you look back a hundred years