Contemporary Business Transformation Trends and Opportunities in Corporate Companies in the Global Economy

Authors

  • J. Jose Prabhu

DOI:

https://doi.org/10.24203/ajbm.v8i4.6379

Keywords:

Business transformation, Business trends, Business opportunities, Corporate Structuring, Global Economy

Abstract

Looking forward, 2020 will be a time of some retribution for digital initiatives and that is eventually uplifting news. 2020 will even now observe the fast scaling of advanced activities across businesses. The previous barely any a long time in business have been described by a progression of basic moves in the manner organizations work and structure themselves. As they continued looking for more prominent efficiencies, economies of scale or lower costs, organizations have held onto patterns, for example, redistributing, offshoring, and mergers and acquisitions, while fast mechanical advancement has changed the manner in which data is shared and imparted, and the manner in which business cycles and exchanges are directed. In spite of the fact that patterns, for example, offshoring, mergers and acquisitions, and enormous scope IT ventures can have various targets and require various aptitudes, they are largely instances of business change. Each kind of task expects heads to set clear goals, to guarantee that those points are perceived by everybody in the association, and to zero in cautiously on the usage stage so the destinations are accomplished. To put it plainly, each venture is tied in with overseeing huge scope change – something that in the present exceptionally circulated, worldwide association is a perplexing and requesting undertaking. In light of an overview and methodical surveys investigates the patterns that are driving business change and takes a gander at the difficulties and openings introduced by this indispensable part of contemporary business.

References

E-magazine, T. (2012). Digitization Enables the Deep Transformation of Our Society. Trends Magazine, (105), 5–8.

Dubgorn, A., Abdelwahab, M. N., Borremans, A., & Zaychenko, I. (2019). Analysis of digital business transformation tools. In Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020 (pp. 9677–9682).

Pînzaru, F., Zbuchea, A., & Viţelar, A. (2019). Digital transformation trends reshaping companies. Proceedings of the International Conference on Business Excellence, 13(1), 635–646. https://doi.org/10.2478/picbe-2019-0056

Li, F. (2020). The digital transformation of business models in the creative industries: A holistic framework and emerging trends. Technovation, 92–93.

Kabanda, G. (2014). The Centrality of ICTs as A Catalyst for Economic Transformation and Growth in Zimbabwe. International Journal of Emerging Technology and Advanced Engineering, 4(11), 474–483.

Skorupa, J. (2017). Embracing Digital Transformation. Grocery Tech Trends Study, 2(1), 16.

Zolnowski, A., Christiansen, T., & Gudat, J. (2016). Business model transformation patterns of data-driven innovations. In 24th European Conference on Information Systems, ECIS 2016.

Reshi, Y. S., & Khan, R. A. (2014). Creating Business Intelligence through Machine Learning: An Effective Business Decision Making Tool. Information and Knowledge Management, 4(1), 65–75.

Jasmine, K. S., & Sudha, M. (2014). Business transformation though cloud computing in sustainable business. In Business Transformation and Sustainability through Cloud System Implementation (pp. 44–57).

Condea, C., Cruickshank, D., & Hagedorn, P. (2016). What co-innovation can mean for digital business transformation: Sharing and managing risk to achieve IT business innovation. In Shaping the Digital Enterprise: Trends and Use Cases in Digital Innovation and Transformation (pp. 287–307).

Mushore, R., & Kyobe, M. (2019). Optimizing the business value of digital transformation by aligning technology with strategy, work practices and stakeholder interests. In 2019 IEEE 10th Annual Information Technology, Electronics and Mobile Communication Conference, IEMCON 2019 (pp. 403–408).

UNDERSTANDING TRANSFORMATION: TRENDS AND DYNAMICS OF CHANGE. (2015). International Journal of Business and Management Studies, 7(2), 16–30.

Deitelhoff, N. (2009). The business of security and the transformation of the state.

Christensen, J. (2016). Digital economics: The digital transformation of global business. BoD – Books on Demand.

Reis, J., Amorim, M., Melao, N., & Matos, P. (2018). Trends and Advances in Information Systems and Technologies. 10th European Conference on Information Systems Management. Academic Conferences and publishing limited (Vol. 745).

Downloads

Published

2020-10-30

How to Cite

Prabhu, J. J. (2020). Contemporary Business Transformation Trends and Opportunities in Corporate Companies in the Global Economy. Asian Journal of Business and Management, 8(4). https://doi.org/10.24203/ajbm.v8i4.6379