Of digital tsunamis and business strategies

What does it mean for a business to be future-ready when the market is fluid and unpredictable, when factors impacting business outcomes – trade wars, technology, board changes and so on – happen in the blink of an eye?

“There are things that occur and seem to us as a revolution, ” he begins, “however, they are actually a reaction to changes that we either oversaw or did not understand.” “How we cope with exponential technologies and the merging of bio-tech, nano-tech and artificial intelligence, ” he advises, is in itself a force of disruption. Since Netscape 1.0. first sparked commercial Internet more than 25 years ago, the conversation has swirled around the topic of radical digital transformation, Indset says, “but what lies ahead is the actual digital tsunami.

“The composition of any entity defines its future, ” offers Indset, and too often, he adds, “The structure and composition of boards are defined by external factors, or by ego, not based on the essential vision and values that are outlined. This must change. It should not be about who it is today, but about ‘why’, ‘how’ and ‘what’.”

And leaders are what organisations require for thorough yet meaningful self-governance, for self-governance is a crucial step in building and sustaining that trust with not only consumers and customers but also with investors and stakeholders.

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Trust as a basis for business strategyThe effects and impact of ongoing efforts to solidify corporate governance -- with the end-game being self-governance -- are often seen from a longer-term perspective, when one steps back and sees how far we have come in the last four years and even more importantly, from 2000 under the Malaysian Code on Corporate Governance (MCCG) to now. Finally this Lady got it..Yes..trust,trust and trust..a rare commodity nowadays..Good brands are built on trust..e.g. Coca-Cola and Toyota(TPM)..puts a lot of emphasis on customers..Not syok sendiri..which mostly Msian way of thinking and business practices..
Source: staronline - 🏆 4. / 75 Read more »