Innovation is the new normal in business

  • 📰 NST_Online
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

NSTletters The time has come for businesses to rethink their business models.

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?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in ZA

South Africa South Africa Latest News, South Africa South Africa 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 »