Management of global businesses midtermtaking over the role of a chief executive officer
This information provides valuable insight into potential opportunities as well as risks for businesses. This can include focusing on developing customized products/services that reflect customer demands; investing in research & development activities for staying ahead of technological advances; keeping up with ever-changing regulations by mitigating legal liabilities etc.
Companies must also regularly review their strategies, making adjustments as necessary to adapt to changes in the environment. This will help them identify and create new value. To keep pace with other companies, businesses should ensure that they engage their customers on multiple platforms such as social networks or the latest technologies, like artificial intelligence (AI), or Internet of Things.