Posts Tagged ‘economy global’
Leaders often use to describe the intelligence of their business plans and initiatives in their strategy, but often these tend to be just a vision. Intelligence is something that requires planning and is conducted entirely in business and management processes.
This is the philosophy and action. And the main of all that is required courage and commitment. But if the meaning of “intelligence” actually in the business, and how to help achieve a higher level of efficiency and success?
Innovation often takes years to produce new technology and valuable products. The use of radio waves to detect metal objects and allows long distance communication was first theorized in 1904. Three decades later, this theory produces practical applications with the discovery of the first radio detection. At the beginning of World War II, the United States, England, France and Germany have their own version of the radio detection and what we now call “radar.” Radar inadvertently open the door for the discovery of microwaves for cooking and, in 1947 the microwave oven was first installed at a Boston restaurant.
Constant is the new dynamic changes of the global economy, and create intelligence is even more important than at a point in business history. Consider the following:
Only 74 of the 500 original companies in the S & P Index is still on the list 40 years later – the death rate of more than 10 per year.
Constant change is a new dynamism for the global economy, and create more intelligence is needed than just the history of business. Consider the following:
Only 74 of about 500 companies were still in the S & P index over the last 40 years, death rates of more than 10 pieces per year.
Lifetime of 500 companies in the S & P has continued to decline from 50 years to less than 25 years.
It is estimated that in the future, it seems there are only about a third of big companies today that can survive in the coming quarter century.
Given the high stakes like that, not surprisingly, terms such as intelligence, resilience, adaptability and innovation in the walls echoed in corporate boardrooms and executive level. Most people recognize that intelligence is the key to take advantage of innovation and achieve success in a fast moving and rapidly evolving market. However, there is no common definition of what kind of practical intelligence. Agility may have many definitions as a means of execution. For purposes of our discussion, we define intelligence as “the ability to see and seize opportunities in the marketplace.” Resilience is the flip side of same coin: the “ability to react to unexpected changes.”
Proactive intelligence and has a positive connotation. Resilience is reactive and has a negative connotation. This distinction is important. Evidence from intelligence and security is organizational survival, perseverance and, ultimately, success. He has the ability to move quickly to introduce new products, revamp business processes and create new business models. And have the resilience to bounce back when they hit an unexpected threat.
Company can not survive unless they are smart and innovative. Even multibillion-dollar enterprise must recognize when the need to shift the need to evolve to adopt new technologies, products and businesses to ensure sustainable growth. Intelligence is the catalyst. Resistance is activated. Success is the result.