Meeting the challenges of business and industrial performance in a hypercompetetive environment

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Meeting the challenges of business and industrial performance in a hypercompetetive environment
Autor Roger Silberberg, Uwe Lämmel
Tagung/Veranstaltung 7th ICEBE
Ort Shijiazhuang, China
vom 13. Oktober 2014 bis 15. Oktober 2014
Review peer
Titel Proceedings Education Innovation and Economic Society Development
Autor Proceedings Norbert Grünwald, Dongheng Hao, Imee Mora
Verlag Hochschule Wismar
Erscheinungsjahr 2014

Seiten 256 - 262

en

Abstract

Organisations today face unprecedented and game-changing challenges. Business models that have been useful in the past no longer serve the enterprise in terms of performance and competitiveness. New models that address the key forces driving business and industry today are a critical requirement for the transformation and structuring of these enterprises.

Rapid advances in technology allow new industries and services to flourish, many of which undermine existing markets. These advances force management and manufacturing processes to be re-invented.

This paper addresses the key forces impacting on business operations today. It highlights why the concepts and paradigms traditionally taught in business schools need radical revision. It describes how strategy must be re-evaluated given that basic concepts are being questioned.

In addition, the paper identifies the development processes that senior executives need to undertake in order to cope with the complexities of modern business, and describes a different path that is better geared to meeting these new demands.