To be successful in 21st century companies must take advantage-00719
This subjective question is related to the book/course
vu cs410 Visual Programming.
It can also be found in
vu cs410 Mid Term Solved Past Paper No. 4.
Question 1: "To be successful in 21st century companies must take advantage of the new information technology, globalization and entrepreneurship". How advances in these concepts positively effect a business?
Information Technology: Technology is changing day by day but the best thing is to change as the society changes just take technology changes as an opportunity, adopt the changes and rule the world.
Globalization: There are no constraints by national borders the whole world is your market now what managers need to do is just search for the opportunities and accept the challenges and capitalize them to create value and for the betterment of your organization.
Entrepreneurship: It is the process where individuals or groups use organized efforts to take opportunities and create value from it. They are not contented to remain small rather want to grow through innovation. There are great risks to be taken by
entrepreneur but entrepreneur are not afraid of risks and accept challenges and take threats as an opportunity and gain success.
Answer:
In 21st century the trends are changing rapidly in the fields of Information technology, globalization and entrepreneurship. The best manager is one who takes these changes as opportunity and makes good use of it for their organization. We see great advances in the above mentioned fields which positively affect a business.Information Technology: Technology is changing day by day but the best thing is to change as the society changes just take technology changes as an opportunity, adopt the changes and rule the world.
Globalization: There are no constraints by national borders the whole world is your market now what managers need to do is just search for the opportunities and accept the challenges and capitalize them to create value and for the betterment of your organization.
Entrepreneurship: It is the process where individuals or groups use organized efforts to take opportunities and create value from it. They are not contented to remain small rather want to grow through innovation. There are great risks to be taken by
entrepreneur but entrepreneur are not afraid of risks and accept challenges and take threats as an opportunity and gain success.
