Globalisation is an opportunity while a networked world is a compulsive ecosystem. Globalisation is an ambition while a networked world is a phenomenon that is brutally compelling on nations, organisations, corporates, and businesses alike. It is an undeniable truth that allows for greater control on vision and deliverables for every stakeholder.
In recent years, the only constant across the board has been upheavals or disruption. Changes have occurred at every level, from the way supply is organised to the last point— consumption of a product or service. New paradigms of customer service, satisfaction, and its measurements have been established. There have been changes of gargantuan proportions in the way basic tasks are carried out by individuals and organisations. In an era of radical uncertainty and changing business rules, a networked world has pushed managers and management thinkers to constantly innovate and shift their core thinking from how business is conducted to how business is conducted within an efficient networked framework. This has made businesses complex and the competitive edge even sharper. Scripting a strategy is not done in isolation anymore. Networked world opportunities are at the heart of the thinking. Simply put, the digitisation of information, embellished with consistent progress in computing, automation, and communications, has fundamentally changed how all networks— people as well as technological—operate. This change is having profound consequences for the way work is done and value is created throughout the economy.
This story is from the May 2020 edition of Indian Management.
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This story is from the May 2020 edition of Indian Management.
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