Article: Top 12 trends: E-commerce will redefine business - Arvind N Agrawal

Skilling

Top 12 trends: E-commerce will redefine business - Arvind N Agrawal

Dr. Arvind N Agrawal, President Corporate Development & HR, RPG Enterprises

The coming year will witness not only a change in trends, it will also see a marked improvement in many of the existing trends. The pace of business globalization will accelerate as we go forward. Although, globalization of business in terms of product, market, technology as well as competition had been on the rise in recent years, the tempo will definitely increase.

Along with globalization, businesses will focus more on outsourcing a considerable part of their elements rather than internally handling them on their own. This will indicate that business will be conducted through a network of service providers. Many existing departments/positions will be eliminated, for example, in the manufacturing sector, equipment maintenance is outsourced; in sales organizations the sales force is outsourced and similarly the backend of HR and finance are outsourced.

In this fast moving economy, the way business is conducted will go through a paradigm shift. E- commerce will further redefine the existing business models, for example, online purchase of books through flipkart.com is threatening to eliminate bookstores. A substantial chunk of the population is slowly adapting to this new online shopping world.
 

Read full story

Topics: Skilling, C-Suite

Did you find this story helpful?

Author


QUICK POLL

What is key to enabling a hybrid future of work?

2 months free subscription
q_auto,f_auto/v1604322197/mag-november-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :