Innovation is the new normal in business

Put succinctly, in the face of a pandemic, business model innovation is unavoidable. At its simplest, a business model is the way a person or a company creates, delivers and captures value.

The reasons behind these shifts can be multifaceted: changing the product line to keep operations going, turning threats into opportunities, diversifying customer segments, scoring competitive advantage, boosting reputation or cutting cost, to name a few. With Ramadan coming soon, Malaysians may see a whole new experience for the most-awaited Ramadan bazaar, which could be done via e-commerce or drive-through bazaars as a possibility.

Consider this — how can a barber, a beautician, a manicurist or a masseur attend to their customers when social distancing is strictly imposed?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More job postings seen on LinkedIn China as business resumesBEIJING (Xinhua): Chinese firms have stepped up recruitment on social networking platform LinkedIn as businesses gradually return to normal amid the containment of the novel coronavirus disease (Covid-19) in the country.
Source: staronline - 🏆 4. / 75 Read more »

RM500 incentive for Ramadan traders game for new way of doing business | The Malaysian InsightRM500 incentive for Ramadan traders game for new way of doing business
Source: msianinsight - 🏆 8. / 63 Read more »