Secret of the modern companies to get the desire success
Secret of the modern companies to get the desire success
To gain the needed success and to reach the target, the entire bang of companies needs the certain goals to achieve. There are some new social norms that very important to consider exploring before targeting the success of a company.
Share economy is not a new concept actually. Your ride in the smart cab or staying with an online marketplace and hospitality services then it is the perfect example of the peer to peer collaboration consumption. There is a reason that makes the concept unique and that is the ability of the shared economy bases corporations to give the simplified and pleasant experiences to their customers such as the concept of easy services with the help of modern technology and the concept is making a reflective impact on the society silently and leading a huge social change.
- Social change is by definition is a method to lead a drastic change over a period of the time in the specific patterns of cultural values, behavior and the social norms. These changes can cause a long-term impact on our society. So it is important to understand the process of working with the companies on the old models of the shared economy.
- If you look closely at these companies you will find that the companies neither offer any type of technologies to use nor the direct services. The delightful experiences from the companies are delivered by the people who are sharing the services and the goods with the customers. This is to help the people to move from the full ownership to the sharing model by opening to unknown people across the world. This sharing mode never be seen as the service provider is letting their customer of part of something they really own and they also use it as a major part of daily lives. They grow with more sharing and they share to grow more. By this way, they are moving from the concept of “I and You” to the “We and Us” concept and leading to the happy harmonized happy world. This is the new foundation of the world and a paradigm shift, which gave us a new transformed way of living.
- Every time you are consuming a service through the model of share economy you trust the unknown. Yes, you have the reviews about the products or services but the people who have posted the reviews are unknown to you hence it is the process of trusting unknowns.
- Customers from the one part of the world trust the people from the other part of the world; they have never met in a life. Imagine that you have planned a trip to Chicago and will travel from your resident at India. You have booked the hotels or other trip plans from the online marketplace or hospitality services but know almost nothing about the Chicago host. Your only trustworthy way to know more about the host are the reviews about your host and you still proceed with the process and end up your journey with satisfaction and will post another review on the host.
This is another popular term of today and the concept is popping up like a fire. To be a successful entrepreneur it is necessary to know the term to work with the other persons. Share economy or information, collaboration leadership are most important today and the academics, business leaders, and researchers also recognized the fact. It is similarly important as having the idea of determination and recognizes the opportunities. As a society, we are willing to keep more faith and taking more risks in life and career to become the global citizens. Optimistically, this new model of the mutual trust and respect is gaining more success than the traditional consumption concept. The ability to trust the unknown is challenging for the well-established and popular brands but it is to make them innovative and by this way, they can win the trust of their customers and can improve the value of their services by depending on the customer’s feedback.
- There actually lots of benefits of the cooperative entrepreneurship. It is not possible always that an established entrepreneur even can go for a business venture alone. There are many reasons that the entrepreneur team up with the other entrepreneurs.
- Actually, there are lots of reasons that the new entrepreneurs involving the mission of collaborative entrepreneurship. Entrepreneurship can’t be a career for a lifetime and a person always bothered with some fears of career failure and there is the importance of collaboration as if one businessman fails another saves from there. If as an entrepreneur, you are living on edge due to the losses and low profits your solution should be the collaboration in business. Due to the advancement of technology the everyday the exiting thought and concept becoming outdated and that needs a boost up of new changes.
- Sharing information is the most convenient option of social entrepreneurship. Social entrepreneurship needs the knowledge and perseverance to break the old rules and to establish the new rule.
Social enterprise referred to as the social mission of an organization’s philanthropy, furthering or charity for a noble reason.
Marc Benioff, the CEO of the salesforce.com has used that typical phrase to define the organization, which pioneered the newer and higher level of connectivity within the new corporate world.
They made it possible by the cloud computing and the social enterprise mirrors the social networks like Facebook that actually leverage new social grid for sharing the ideas and information.
New businesses are now extending this specific model with the desire to present the similar synergy casually between their customers, employees and business partners, thus employing the social enterprise.
- Social enterprise is actually a valuable business model all over the countries that provide the support and the help to our local communities in these countries. Entrepreneurs are the vital assets of the society as they are responsible for creating solely designed various companies to help other people and making difference in their various working zone.
- Social enterprise is actually a new age thought that never relies on the relevant government to take action. It stands for the ordinary people simply of the relevant community to overtake all the matter into their hands. Another appreciating matter is here the funding.
- To understand the role of the social enterprise it is more important to understand that how crucial the matter is to for the local communities of any country. Perhaps it is important to grow and maintain the force of the social enterprise in advanced and developing countries.
- Fundamentally Social enterprise is a valuable subject matter of social entrepreneurship and basically, that deliberates its business activities, independent and dynamic participation in the local market, actually by participating and solving the issues social coherent and sustainable improvement; supports the local for expanding their capital and instills the solidarity among the members and promotes the social inclusion. In the developing countries, the resources are often lacking highly and this is a struggle to gain the government that a country needs to encourage and to support the growth of the country. That means, social enterprise model could be a good solution to provide the support and resources and it encourages the growth as a leading country. In developing countries often the government cope with the issues of poverty, inequality, social injustice and the environmental issues as well as. So it is really important that the developing countries acknowledge the fact that how important the social enterprise model is to tackle such issues and problems.
Impact investing is actually a certain type of investment that made into the companies, funds, and organizations to generate a beneficial, measurable environmental or social impact along with good sustainable return on finance. You can call it the “For profit” businesses as against of the not for profit and philanthropic social enterprises. Their key mission is to make more inclusive corporate environments with the have-nots and have terms of the globe and for getting the equal accesses to different opportunities and in all domains of the life.
- This type of investment can be done by the environmentally and socially conscious people or the large corporations. Pension funds and DFI can be directed to achieve such missions. It actually has the potential to galvanize or unlock trillions of dollars of private capital for the purpose of solving complex economic and social problems on a large scale of the world, such as child malnutrition, K12, social integration, environmental preservation, healthcare, aging population, agriculture, long-term unemployment etc. With so much of the stake, there is a genuine need for the collaboration between the existing stakeholders and this is to realize the complete potential of the required impact.
- In this type of investment, the funds can be yoked in an innovative style in the specific form of SIB or the Social Investment Bonds and the Social Success Notes. Through the various investment vehicles like the web-based investor or microfinance platforms and also the networks of the investors.
- Capacitate the impact of the investment is the most important and inextricable part of this type of investing. Currently, most of the organizations or the companies are using three metrics of interdependent impact to evaluate the viz of themselves, PULSE, IRIS and the GIIRS. IRIS covers the set of the standards definition that used by the stakeholders to define the right performances. PULSE is for managing different company’s portfolio based on the environmental and the social performance of them.
In past recent years, the term social investing has received huge interest, especially by following the entire financial crisis. Investment is actually a hope to gain the profit in future by buying an item on current time. The most popular instance is the CFD trading. The traders buy the stocks, currency pairs, indices or commodities in the present and expect a right price for the future rise.
Let’s find out the Return, risk and the association with social impact. Each of the modern investors has the certain level of comfort across the spectrum of risk-return and a person does the investing within that particular spectrum. An investor may feel safe and comfortable to give up some of their certain return if the investment in safer for them. On another hand, the same investor will proceed to the little more risk on investing if the investment translates into the higher return.
- Another fact to consider for the social investing is the social impact. Here it means that many enterprises supported by the yields of investment some advantages to the society afar income that generates for the investors. Conversely, every enterprise has some negative impact also on our society and the social investors also consider the matter while making an investment.
- Just the traditional investors are showing their interest to make the tradeoff between return and risk and the social impact. Social investing the term can be defined properly as considering the social impact of the enterprise while they are making important investment decisions.
- Within the world of the social investing there are two major categories, impact investing and the social screening. In the methodology of the social screening, a willing investor comes with the list of specific social standards that the person wants his/her investment to convene.
- This investor can eliminate any of the company that does not suits the standards that can invest in the companies that “socially responsible” to meet their required standards and also the return and risk objectives of the investors.
- There are lots of emerged by the terms mutual funds that socially responsible and it in a certain approach. They approach the social screening methodology to define a large amount of investment, which adhere to such standards and possess their own management company to invest in the certain basket to meet the necessity of financial objectives and so the mutual funds.
A new era of business is significantly different from the old genres. It is more fast, smart and huge. Distribute computing or the hyper-scale computing is a certain type of environment in that the data volume or the demand of specific workload can enhance exceptionally but still accommodate in a cost-effective manner and very faster.
Hyper-scale is actually achieving big scale in computing, typically designed for the principles of the cloud computing or for huge data. The infrastructure of the term is designed basically for the horizontal type of scalability to lead the highest level of the performances, redundancy, and throughput to enable high availability and the fault tolerance. It relies often on the virtual networking the server architecture.
There actually a lot of reasons that the modern organizations are adopting the hyper-scale computing process as they offer best services or it is the only way to relies precise business goal or target such as by providing the cloud services on computing method. This is a great solution for the businesses as it delivers the attractive approach to a cost-effective manner to fulfill the demanding requirements. As an instance, the project of big data analysis might be addressed economically through the modern computing density and scale that available in the hyper-scale.
It is associated often with the term of cloud computing and the larger data centers like the Google, Facebook, Amazon etc. Because of the new open source software, there is so much interest in the matter of hyper-scale computing. With the software, such organizations have improved the process of running their data centers to trickle down in the small size organizations and helping the smaller organizations to become proficient by using less of power and responds faster to the user's requirements.
Fourth industrial revolution
Through the good consideration of the up gradation of third industrial revolution, this is the new promising, affluent, sound technology fusion and visionary revolution is coming up soon. It is quite different from the last revolution.
The first revolution came to the mechanized production by using the stream power and water, second has started for the reason of mass production. The third one came up with the mission of automated production by using the information and electronics. The new, awaiting revolution not be considered as the prolongation of third one due to the disruptive propagation, speed transformation and the exponential evolution without any historical precedent.
- We are now at the brink of the innovation of technology a surreal transformation, a change. According to WEF or the World Economic Forum’s Klaus Schwab (Executive chairman and founder), “Technological revolution that will fundamentally alter the way we live, work and relate to one another”. The highly awaited and soon-to-happen fourth industrial Revolution combines perfectly the biological, digital and the physical systems and that will broadcast e newer interaction between machines and humans. Built upon the previous three revolutions this revolution will prove a fast speed of the technological progress by the process of cutting down the boundaries.
- It is expected that the technological innovation will be the promising and the best part of this phase of the fourth industrial revolution. Smart robots, driverless cars, autonomous vehicles, 3D paintings, nanotechnology, synthetic biology, digital fabrication, energy storage, computing design, the internet and the quantum hyper-scale computing will be the milestones that will set in the upcoming industrial revolution.
- There is a huge buzz of the fourth industrial revolution and reason is there will grave challenges and massive opportunities for the people.
- One of the direct and huge impacts of the fourth industrial revolution will be found at the labor market. Enhancing of technological invasion will certainly lead a huge tranche of the job losses, specifically for the low skill jobs. As expected there will be a huge demand for the high-skill jobs.
- Technology has improved now the quality of life for the population since the inception of it. Availability of the new products, effortless accessibilities of the products, enhanced efficiency and the happiness of the personal lives and also the affordable digital world is waiting ahead.
- There you will have the range of facilities from the crucial and high-end daily requirements such as making the transaction, buying the product till the personal casual needs like watching a movie or listening to music, all such things will be done easily and remotely. This upcoming revolution will be a result of the qualitative transformation in people’s life.
Globalism is actually a process to increase the unity and connectivity in the business world. Globalism has developed and improved over the last few decades. With the emerging of the internet the globalization is emerging as well and that makes our lives easier, to travel, to communicate and to conduct the business term internationally. With the rise of globalization, there is also the anti-globalization and the pro-globalization lobbies in the society. Globalism is opening many doors of opportunities for people. Talent search and networking is not only limited now in a certain place and it is expected that it will increase certainly with the new industrial revolution.
- Globalism is actually clustered of different ideologies that promote the globalization concept.
- Globalism and globalization, the two terms are not same. There are significant differences between the both terms. Globalism is actually sought to explain and describe more than the world that characterized by the connective networks that extended the multi-continental aloofness. The concept is to understand all the interconnectivity of new age world and it tends to highlight the underlying pattern.
- Smart technologies and the smart ideas have the concept fruitful in the modern business and now it really depends on the growth of the business.
- In one word, globalism is the new borderless world. The open aim of any government of any place has been to lessen barriers to investment, trade and the migration flows. This is actually the globalism is and there are many governments and organizations who are investing for the purpose the taking initiatives by this way.
- The basic difference of globalism and globalization is, globalism is political buzzword actually. Globalists are actually an institution, group or person who supports the globalization.
- Globalism is basically based on the concept to have the cheap labor from the different parts of the world and most of the growing countries of today following the concept to get more successful financially.
Network economy is the most accepted concept of today as we are living in the era of networks. Twitter, Facebook, LinkedIn have received millions or trillions of users. There also the new names in the game like Instagram or the Pinterest and they become hugely successful companies in a short time span, even within a month. The marketers are spending lots of money on the social media platforms.
The network economy is the economic order that emerging within the new age society of information technology. Every product and service today are gaining the added value by introducing in the social media as the social media is now operating the trade on a large scale of globalism. This is also in the smart contrast to the era of industrial economies by the basis of this every ownership is developing as a single enterprise. Network economy is where the upcoming revolution growing.
- It is actually a certain type of emerging environment of the economy that arising from the fact of digitalization of the multilayered, fast growing, real-time and highly interactive connections between the devices, businesses, and people.
- In the modern economic structure, people are entirely awash in the sea of the uncertainty, and there is no certain end game to be sure. Things are shifting in our work and social environments: the process, the rules, and the structures.
- Where the traditional frameworks stressed the capability to sell the service or product for the maximum level of personal gain or maximum profit, the emerging person will reward by the connection with organizations, individuals, and communities. They have chosen the way that obtains enduring financial, associational and financial capital. Being independent on the vision and goal means that you are going beyond trusting on a specific structure by the help of that you can climb higher and can focus on the developing format of the contacts of mutual-benefits to create opportunities that ever-evolving.
- Network Economy triggered a new era in which the existing economic structure could grow really legislation and global preventing universal language could be also abolished. These types of rules and the laws were relaxed but still, there is the barrier that has limited the concept of communication since the dawn of our civilization.
It is now really important for the global economy to have the great participants who are efficient to understand two different persons precisely and without any kind of misunderstandings. There are two ways to attain that:
- By elect or establishing a common language
- By using specific the intermediaries of language
Both of the solutions have their downsides and benefits under different circumstances. Launching the common language generally constrained by the notational cultural legacy and pride.
Using that network or the communication style is mandatory in some countries and neglecting that considered as the felony.
Therefore the concept of global economy is turning towards its second choice or solution, the second one seems to very simple to understand and the pose less obstruction of the manner of doing the business than the lobbying for a huge change of sensitive and long-established politics.
Efficient Altruism/Effective Altruism
Effective altruism is a social movement and philosophy, which applies reasons and evidence determine the beneficial ways to help others. The process encourages people to consider major actions and cause and also in a right way to act in that brings excellent positive impact.
In the modern age, our planet is suffering from lots of problems but it is not possible to work on entire issues at a time. Our general goal is to fulfill some good work for the world in our limited time resources and energy.
There actually a number of agreements among the modern people in the different movement that what are the right questions to ask while figuring out the fact that how to help others by the best possible process. LIKE:
How does the action affect and with how much resources? We actually want to enhance our lives with best of possibilities.
- Is the right way or the best thing that you can offer? Various actions vary differently in the term of its effectiveness by creating all the best things better than the average.
- Consider that with your work, how much difference you can create, what you actually can bring or how much you have expected.
- Your project must be good in condition but it is necessary to determine that how you can improve more opportunities for people.
- Effective altruism is actually a process that building up the quality living for everybody by creating some goods.
This concept is based on a simple methodology that we should go for the best to do the best of good that we can execute our work like obeying some usual rules of life like not cheating, stealing, killing or hurting are not all about especially for those who want more for life and want to bring more good fortune for them to live life in comfort and peace. Get the enough foods, traveling pleasures, clothes for them and family and by spending some good time with family. Living a life with minimally acceptable ethics by using a substantial portion of the spare resources can make the world better and can bring more happiness to others. Efficient altruism is a way of living by doing our level best to make our world more gratified.
Inclusive globalization is another new trend of our society but we have witnessed a globalization in last few years and that was not completely inclusive.
Wealthy and leading countries like the UK OR USA have hugely benefitted by the newly invented concept of cheap labor and some other major resources from different parts of the world. This type of concept has played a major role in the development of some countries like China.
But there also other parts of the world that have suffered a lot from the invention of the globalization. There are so many examples are present in our society to prove the fact. Many countries have affected by the foreign companies but they never received any substantial support from other countries. This is actually exclusive globalization.
From the last few decades, we are getting the new concept of globalization and also hearing that the concept is defining the forces and inevitable behind today’s world of business and it is the future of business indeed. There is a continuing border of an open marketplace of services, labor, and goods, no trade barriers, and the technology are making possible for different people, business and services to promote worldwide by creating a better interconnection between all the far-flung portions of the world. Businesses are getting the opportunities to promote and to get the profits from the international market.
But the globalization and the opportunities often introduces new challenges which are not very unexpected and not underestimated. Business leaders are often making the assumption that what right for here will work for there too. Instead of huge cultural differences, the business models that work in America and Western Europe also works in Latin America, Asia or the Middle East; they overcome the barriers by the business strength. This is the positive sides of the inclusive globalization.
The roadmap of inclusive globalization is the responsible leadership. Inclusive globalization opens the road of world trade and more opportunities.
This is a concept from the genre of game theory or a style of study for decision-making. It shows that the companies or the individuals are not willing to cooperate; even the place is in their best interest sector to do that.
- Well, the question is how is your organization is affected by the concept? If you are a distributor of or manufacturer of a commodity of certain service or product your promotional and advertising strategies are dependent largely on what your market competitors are doing in these genres. One can use the way of advertising but neither the sales nor the entire market size will increase after your efforts eve. As an instance, if you manufacture or sell the toothpaste it doesn’t mean that you will able to impress more people only with the advertising. But what you will get is actually more share in the market but of course with the certain cost.
- If you or your competitors are not doing any type of advertising to sell relevant products, you will able to keep the market share but it will be more profitable as you don’t need to pay the cost of advertising. The fact is that you are having the decision to advertise as this is dominant by your business strategy.
- If all the advertisements are effective equally, then your market share will increase certainly but all your cost will go up.
- So, the only way o get the returns from your advertisements and to increase the value of your market share, make sure that you’re advertising is better than the competitors. Pioneers Dilemma is a great way to grown-up strategically and it is will help a businessman to achieve the target goal easily.
Tragedy of the commons
Nothing lasts for life or forever, especially if it is a certain public good that abused or mismanaged by a company or individual within a society. Most of the times the individuals make the decisions of the economy as they are mean to maximize their overall profit. In the long lasting decisions, they can harm the society too. This is actually known as the Tragedy of the commons and this happens almost every day all over the world.
Well, if you are searching for the modern concept of the term we find it with the tragedy of internet. With the power of the internet, one can upload new content every day but there is a little value in it, especially, if you are promoting your business through the online campaigning. We all are sharing the common resources to dilute the content on the platform of the internet and making them difficult to find the other important resources and to market them.
- The tragedy to the common is actually a theory of modern economy of the certain situation within the system of shared resources where the different users work differently on the basis of their self-interest and behave dissimilarly to the general goods of all the users by spoiling the relevant resources by the action in a collective manner.
- The term tragedy of common is actually an economic society issue. Every person tries to have the best benefits from their given resources. If you are looking for the resources, there also a good supply of it but when an individual asks for the additional unit, that may harm directly to others as they have to compromise with the longer benefits of that resources. Usually, the resources based on everyone’s interest are very much available in the market, it is merely overwhelming but the tragedy occurs only when the people neglect the welfare of their society to gain more personal happiness or achievements.
- The best example can be offered here is the story of the fisheries of North Florida, the open seas as well. The fishermen of the place are the believer from hundred years that the fishing ground of the place will be bound by the codfish always. They supported the necessities of cod fishing for centuries. On the year of 1960, with the advancement and improvements they got the chance to catch lots of codfish and then they started competing with the fishermen of their own community and by the year of 1990, the population of the codfish reduces significantly and the fishing industry collapsed there completely.
- It is a serious issue of economic growth, where the people want to exploit their shared resources very much and so the demand goes outweighs of supply and gradually the supply became unavailable for the entire community. Only the people can change the scenario with the use only necessary amount of resources and by that, they can maintain the flow of resources not only for themselves but also for their entire society.
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