We’re in the midst of the 4th industrial revolution, with many new technologies quickly entering the business environment. Technology is evolving more quickly than most of us realise. These technologies, including the Internet of Things (IOT), Artificial Intelligence (AI), robotics, and Virtual and Augmented Reality (VR & AR), are becoming increasingly accessible and affordable, effectively reshaping industries as they evolve. With each new technology that enters the market, new industries are also being built. The value chains governing these industries are shaping up fast, and positioning for success in them will determine your future success…or failure.
2017 has been a rough year, for everyone. At every level, corruption has put paid to so much, and the dismal economic growth has left us all feeling angry and frustrated. Yet somehow, small businesses in South Africa have mostly grown. Rather than pulling a Hulk smash, or simply setting your ‘Out of Office’ message on, channel the anger and frustrated energy you’re feeling into something good, that’ll pay off next year. You should have started your strategic planning for 2018 by now but, if you haven’t yet begun, we outlined a way for you pour that energy into something positive, on this week’sThe Money Show with Bruce Whitfield. Set your business up for a good year in 2018, with a strategic plan that responds to your experience of 2017. Here’s your checklist:
No business is ‘too big to fail’. Blind idealism didn’t work out well for Kodak, and now another iconic brand is filing for bankruptcy:Gibson. The guitar brand used by Bob Marley, Billy Joe Armstrong, Mick Jones, Slash, and a host of other superstars, is on the rocks. What went wrong and why did the turnaround strategy fail so horribly? On this week’s The Money Show with Bruce Whitfield, Pavlo Phitidis takes us through the way this brand is going bust, and outlines essential strategies for business growth: