“Modern problems require modern solutions”, especially in the post-pandemic scenario where uncertainty surrounds almost every sector. With the economies tumbling down and advancements in the tech world, the business world is being eye-balled as the next sector to bloom in the post-pandemic world. However, this will also mean that the likeliness of cut-throat competition is bound to take place. Academicians at iFEEL reviews that the dynamics of the business industry are set to change as soon as the pandemic is over. This leads to the question – What can people do to get ahead in the competition?
Mentioned below are the trends that are likely to shape the business world and mastering them can probably give you an upper hand in the competitive market:
- Big Data and AI
Globally, technological advances such as digitalization and IoT, keep impacting the way companies create value for their customers. Any graduate with a fair understanding of these technological trends will be in high demand. The impact will likely be more pronounced in developed economies where highly competitive environments force companies to be more innovative in differentiating value propositions.
- Real-time and practical knowledge about the field
Academicians at iFEEL Lonavala believe that management courses have picked up the pace. Practical knowledge about the field can benefit a lot more than only-theoretical knowledge. Rational and well-thought decisions are going to be one of the key responsibility areas of the jobs in future.
- Responsible Leadership
Business schools are likely to announce their stance on responsible leadership for the environment. While this is a positive development, the sincerity and reality of this may be questioned. Business schools will be addressing income inequality and other social issues which are likely to bring about a much needed change in the business sector.
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