How businesses can position themselves to take advantage of huge Term Paper

How businesses can position themselves to take advantage of huge changes and maximize on their values - Term Paper Example The introduction captures the background of change in business with the implications and consequences. The main body evaluates the advantages that business can derive from the business changes to maximize on its values, the actions that business should take to be ready for future changes expected and finally the skills and competencies, which are most appropriate in the ‘new world’ of business. The conclusion section reinstates the thesis and presents the major arguments of discussed. Taking Advantage of Business Changes to Maximize On Value Introduction Businesses have to respond to changes in their operations because of various factors. The business regulations often change. Technological innovations and the need to respond to globalization have all contributed to changes in business operations. Societal shifts and trends change continually, and business have to respond to the needs of their customers by changing their processes, strategies, and operations. Innovations and advances in information technologies have contributed immensely to changes in business processes and operations across the globe through the capacity to bridge the geographical divide. The consequences and implications of advances in information technology in businesses are varied. These changes may affect some businesses positively whereas others may be affected negatively. Nevertheless, an appropriate response to the changes should be by taking advantage of the change forces to maximize on various business dimensions, including shareholder’s wealth, profits and social responsibilities among other things. Businesses need to prepare adequately for the future changes. Skills and competencies are essential assets for dealing with the changes experienced continually. How businesses should take advantage of the changes, mainly on information technologies, to maximize of their value is discussed expansively. Further, recommendations on the appropriate requirements that they n eed to have and the actions they ought to take to prepare effectively for future changes are provided. In addition, the prerequisite skills and competencies to work effectively in the ‘new world’ of business are offered. Opportunities Provided By Changes in Business to Maximize On Return Value Advances in Information Technologies Advancements in information technologies offer opportunities for businesses to change into innovations that may help in maximizing their business value. Advances in technology can help businesses introduce new products and services into the market to meet the needs of their customers. Further, new technologies can help in developing new business models, which may be used as a competitive advantage against the competitors (Lorenzo, Kawalek and Ramdani 107). Changes in business processes brought about by information technologies may be used by an organization to build on customer value proposition. Technologies and changes may influence businesse s to provide their services to the customers efficiently, and with high quality. Quality and effective services and products can be offered to clients and customers using new information technologies that reduce on costs and optimize time. Such changes may help businesses retain and attract huge customer base because of enhanced customer responsiveness (Lorenzo, Kawalek and Ramdani 107). Information technologies are dynamic but businesses use them as essential organizational assets. These new technologies may

Literature Review and Proposal Essay Example | Topics and Well Written Essays - 1750 words

Literature Review and Proposal - Essay Example However, things did not turned out as expected and it was found that other nations were actually overtaking the national sports of England with relative ease and it was more evident in the last 40 years. According to the fundamental hypothesis it can be stated that foreign influences has much to do with it. This is where the question becomes extremely important. Football is not only the national sports of England it is also an immensely popular sports in the country. It is fundamentally a heritage of England and the current degradation of this sport is a crisis of the national level and it is important to understand the reason behind this. A Qualitative method of study differs from the usual quantitative methods (used in the study of pure sciences) in the sense that it tends to be far more subjective. This is in sharp contrast to the methods used in pure sciences which are exclusively objective. The research methods for marketing are a combination of both quantitative and qualitative methods. Being open to qualitative methods of study also allows social scientists to incorporate non-quantitative data (i.e. non-numerical data, such as words, images, gestures, impressions etc.) in their study. Since human beings tend to operate in terms of such data and not in terms of the terminology used in ordinary sciences this broader outlook is far more applicable in the study of social sciences. In keeping with the methodology employed in marketing researches the theories too are formulated and used keeping in mind that they aren't necessarily applicable to all conditions. Be it psychology, history, political science or economics human events are most likely to influence the rules which define the basic theories of a marketing subject. Success in the field of marketing researches can therefore be achieved if and only if it is understood that the subject has no space or opportunity for water-tight methodologies or theories. (Berkowitz, 2004) It can always be stated that Qualitative research is a process that includes interpretative paradigm under the measures of theoretical assumptions and the entire approach is based on sustainability that is depended on people's experience in terms of communication. It can also be mentioned that the total approach is based on the fact that reality is created on the social formulations. It can also be mentioned that the basic target of qualitative research is instrumented towards social context under normal circumstances where it would be possible to interpret, decode and describe the significances of a phenomenon. The entire process is operational under the parameter of interpretative paradigm that can minimize illusion and share subjectivity under contextualization, authenticity and complexity of the investigation. The basic advantages of qualitative measures are multi fold. Firstly, it presents a completely realistic approach that the statistical analysis and numerical data used in research based on quantitative research cannot provide. Another advantage of qualitative measures is that it is more flexible in nature in terms of collected information interpretation, subsequent analysis and data collection. It also presents a holistic point of view of the investigat