Trends in Business
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To lead a successful business, leaders and managers must be aware of developing trends, concepts, and advances that are occurring due to technology and globalization. The focus is on the value of the triple bottom line - profits (or revenue minus expenses), people, and the planet. In addition to speed, innovation, and quality, leaders must have strategic investment knowledge, embrace advanced and inventive approaches, be flexible, approachable, and adaptable, allow people to have clear goals and be empowered and accountable, and be cognizant of and possess a conscious awareness of every aspect of business, including all stakeholders' wants and needs. Stakeholders and considerations include employees, customers, shareholders, competitors, suppliers, government, regulations, products and services, and the environment.
Above is merely the introduction, areas in which I desire focus on are: HR trends, Start-up Activities, CSR, Employee Engagement.
Elaborate on three trends that you, as the consultant, think the firm must embrace in the next 2 years that will have a positive impact on society as well as grow the bottom line in the competitive environment of that industry. Areas in which I desire focus on are: HR trends, Start-up Activities, CSR, Employee Engagement.
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Solution Summary
The response provides you a structured explanation of current trends in business . It also gives you the relevant references.
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In compliance with BrainMass rules, this is not a hand in ready assignment but is only guidance.
HR trends: The current HR trends are that performance ratings were given less importance and feedback is provided far frequently than once in a year. Employees are treated more as individuals, talent management has become more complex and challenging, and artificial intelligence is increasingly being used to evaluate applicants. An important current HR trend is to measure real performance and identify the best performers. Another HR trend is to avoid purchasing all encompassing software for HR, instead specialized packages for different functions are preferred. Other current HR trends include reduced weight being given to outside benchmarking of rewards, and greater effort to keep employees at office.
Start-up activities: The startup activity now shows an upward trend ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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