The Importance of the 21st Century Business Perspective

In the last post we explained the 21st century business perspective. This perspective is important as the business environment continually evolves.

Below are links to stories that describe how the business environment is changing today. We have divided these links into sections that relate to the domestic, international, virtual, and environmental aspects of the 21st century business perspective.

Domestic

Even though we are in a recession, some companies, like Intel, are still spending on research. NOTE: You must click on the video "Research, development and recession."

International

George Soros claims that China's economy will grow faster than people think it will. Along with that growth, China's economic influence will also increase.

Thinking about outsourcing? Do some research first. Here are the 10 Riskiest Locations for Outsourcing. Additionally, here are the 10 Safest Places for Outsourcing.

Virtual

This study claims that 46% of UK CIOs are hesitating to adopt the cloud computing concept because they don't know exactly what it is. This article states that cloud computing is going global, with researchers in Russia, South Korea, Malaysia, Vietnam, and China, and projects in other countries around the world. Which viewpoint do you have? Do you know what cloud computing is? Or are you part of the global group that has taken advantage of it?

Are you taking advantage of technology now? Here are 6 ways tech can help your business in the recession.

Environmental Sustainability

As more and more resources become scarce, the environmental perspective will become more and more important. Here is an article on innovating sustainably to emerge from the recession and achieve long-term growth.

Finally, it is also important to look within your company. A company cannot compete in domestically, internationally, virtually, or environmentally if it has weak leadership. Are you or your managers guilty of any of the 10 fatal flaws that derail leaders? Have you built an "innovation factory" to make your company's innovation repeatable? Do you have an open-book management style that empowers your employees to feel responsible for the success of the business?