THE NEW BUSINESS ERA

In our present time, the business leaders recognize that their companies future is more intertwined with the needs and demand of the society. Businesses have never been insulated from expectations about their social responsibilities. Because today’s social activists and responsibilities have more avenues and tools to influence and mobilize public opinion around hot button issues.

Some business executives are resisting these trends, arguing that a company’s obligation to society is only to provide the best return possible for its shareholders. But more executives are taking a strategic approach to the problem, recognizing that the short- and long-term interests of their company. They think that business does have a strategic interest in becoming more aware of and engaged in debate and issues.

The challenge that business leaders face is to find ways to incorporate an awareness of issues more explicitly and proactively into their strategic decision making processes. And for that they need to master in order to understand and manage these complex issues. We call these the Five R’s:

1. Risk
2. Renewal
3. Regulation
4. Relationships
5. Reputation

RISK

For any business must recognize and assess the relative risks of important trends before these trends affect them or their businesses.

RENEWAL

By paying attention to new trends, some companies not only avoid societies sticks, they also enjoy societies carrots. These companies seize new opportunities to renew themselves with new markets and products.

REGULATIONS

Regulation is often considered the esoteric domain of lawyers and lobbyists, yet it determines major components of business structure, competition, and profitability.

RELATIONSHIPS

Sociopolitical trends create opportunities for companies to build new relationships not only with other companies in their industry, but also with NGOs, governments, and other stakeholders.

REPUTATION

Companies reputations are more important than ever. Although positive reputations stem from many actions, negative reputations can result from a single action and can have catastrophic consequences.

BUT WITH ALL OF THESE THERE IS ALSO ONE THING TO UDERSTAND THAT "BE AN AGENT OF CHANGE". And that change is in DIGITAL TRANFORMATION.

Digital transformation is the movement of a business from traditional processes to more technology driven digitalized functions. It is an enterprise wide phenomenon that leverages information technology to transform the business model and operations into a more efficient one. This includes bringing in leadership that supports the radical change required, investing in the automation of business processes through application development, and training employees to adapt to the technology.

For now a days we are coming from pandemic time and there are lots of big opportunities in the market. For present decades digital transformation strategy :

In this digital world and after pandemic 10 big new business in market, now a days trending. One category that has had sustained interest since it became popularized in the 1970s is that of New Age products and services. The term NEW AGE encompasses alternative approaches to traditional Western culture, spirituality, mysticism, holism, and environmentalism. If you feel a connection to that philosophy and purpose, here are 10 New Age BUSINESS IDEAS to learn about.

1. HEALTHY FAST FOOD
2. YOGA STUDIO
3. TINY HOUSES
4. WELLNESS AND PHYSICAL WORKOUT APP
5. ETHICAL BUSINESS CONSULTING
6. VIRTUAL REALITY AND ARTIFICIAL INTELIGENCE
7. WEBSITE RENTALS
8. HIGH QUALITY RAW PET FOOD
9. EDTECH
10. SUBSCRIPTION

HOPEFULLY THIS INFORMATION COULD BE USEFUL FOR NEW ENTREPRENURES.