ARE YOU READY TO DO BUSINESS IN TOMORROW’S WORLD? Kindle Edition
by Suresh Shah (Author)
The old rules don’t apply anymore, while doing business in new world.
Kodak business model disappeared and got bankrupt. Most people don’t see it coming. It will now happen with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs.
Are you Ready?
Software will disrupt most traditional industries in the next 5-10 years.
Uber is just a software tool, they don’t own any cars, and are now the biggest taxi company in the world. Facebook, Airbnb, or Alibaba following the suit.
Borders book stores: too late to the web, missed ebooks, overemphasized on music; they disappear.
Autonomous cars: Around 2020, the complete industry will start to be disrupted. You will call a car with your phone, it will show up at your location and drive you to your destination. You will not need to park it, you only pay for the driven distance and can be productive while driving. Your kids will never get a driver’s licence and will never own a car.
Who needs Banks, anyway? Creative financing is on the upswing. Mobile banking, mobile wallet, Crowd funding is more accessible.
No office space anymore in future. You work from Starbucks, in the car, at your kids’ softball games.
Are you adaptable?
Tech Toys: Take kids away from the screen, while still encouraging tech literacy and learning through non-screen interfaces.
Are you ready to play?
Have you noticed Performance Gap in the organization? Your staff can fall into these categories: People who know (knowledge & experience) and apply to their job, Know and don’t apply (could be 20% of your total staff population), and Do not know and don’t apply (you need external expertise).
Money over family – do you know why Family businesses split in third generation?
When is the right time to issue company policy guidelines? Business expansion, diversification, new location, new management (merger, etc.). When Changes increase – Change in communication channels, Technology brings changes, New location in another country.
Keep the people, who keep you in business – Key staff leave because they are not engaged (no sense of belonging). You’re not honest, not acknowledge her/his achievements, you micromanage!
Every day you read about cases of Ethical failures in the Newspapers. How prepared you are to minimize Ethical failures!
Is it legal, Is it ethical? If they can do it, why you can’t.
Learn about Enron saga, Barings Bank, Asia Pacific Breweries, Citiraya, NKF, Penn Central (1970), AM International Inc. (1980), Barden Corporation (1981),
Stauffer Chemicals (1982), United American Bank of Knoxville (1983), WorldCom, China Aviation Oil, Accord Customer Care Solutions, Asia, and so on ….
Your Business budget – is your crystal ball to Foresee future Cash Flow challenges,‘’What if ….’’ scenarios before you commit, Can make timely adjustments in a dynamic business environment, Trend analysis to remove abnormalities (they do not repeat every year).
Published on amazon.com