MGMT454
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Global Businesses Adapting to Changing Needs Amidst COVID-19
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Global Businesses Adapting to Changing Needs Amidst COVID-19
The article I chose is titled “global businesses adapting to changing needs amidst COVID-19”. Several global business owners have been forced to adapt to continuously changing needs and trends of market due to continuing Coronavirus pandemic. Many companies have found ways to cope with change and thrive during a pandemic. A global business owner, need to devise a strategy to successfully cope the rapidly-changing world. Embracing agile project management is one of the strategies a global business owner should use (Global businesses adapting to changing needs amidst COVID-19, 2020).Agile project management is adaptable and responsive to change. This methodology improves in team flexibility, communication and collaboration while dealing with complex projects.
Leveraging powerful technologies is another strategy a global business owner should utilize. Companies do their operations online but there are many innovative technologies to utilize in order to be competitive. For instance, a business owner can utilize mobile hardware tools, social media marketing solutions and cybersecurity resources. Another strategy a business owner should use is a build a custom software solution (Global businesses adapting to changing needs amidst COVID-19, 2020). Originally, this methodology was reserved for expert coders and developers. In addition, modern software development is simpler. For instance, a business owner can use a Docker registry to automate development. This is an excellent method to thrive and adapt to change to cope Coronavirus pandemic.
A business owner should optimize his or her internal processes to be competitive and thrive amidst the pandemic. To make an improvement in his or her internal business procedures, it is important to first set feasible and measurable objectives. Moreover, optimizing internal processes a business owner can adjust to change and thrive amidst the Coronavirus pandemic. Lastly, focusing on the bigger picture is a strategy that a business owner can use to thrive amidst pandemic. A business owner should dedicate time to think and brainstorming. A business owner can utilize his or her teammates to share his or her anxieties, fears and excitements linked with pandemic change (Global businesses adapting to changing needs amidst COVID-19, 2020). Specific goals should be considered in order to acquire desired position. Small and incremental steps are needed in order to achieve big changes. Indeed, big picture thinkers are fast in solving problems and motivated. A global business owner should be a big-picture person to get business back to tract during the pandemic.
This article well resonates with me because it explains how, as an aspiring business owner, I can strategize in order to adjust to change, in times of economic downturn or in pandemics. Global business owners need to step up, devise new strategies, and to adapt to changing needs and market trends. There are several strategies which can be utilized to adapt to changes and thrive in pandemic. Overall, the article titled “global businesses adapting to changing needs amidst COVID-19” provide a handful of these strategies which business owners can incorporate into business so as to optimize internal operations, communicate with employees, achieve an increment in employee productivity and even serve customers better.
References
Global businesses adapting to changing needs amidst COVID-19. (2020, December 16).
Deadline News. https://www.deadlinenews.co.uk/2020/12/16/global-businesses-adapting-to-changing-needs-amidst-covid-19/?utm_source=rss&utm_medium=rss&utm_campaign=global-businesses-adapting-to-changing-needs-amidst-covid-19