Companies all over worlds spending millions of dollars on the training of their employee. Training involves the technical aspect of the company as well as the working habit in the competitive environment.
The internet growth has increased the competition in the industry. Now if you are running a business then you are not just competing with the local businesses, you are also in the competition with internal firms. There is not the border in the business world.
E-commerce companies like Amazon sell all kind of product globally. Selling has become easy for the global industries. The technological development has changed the way we used to do the business.
The information sharing has become easy. You can learn anything by surfing on Google and Youtube. There are thousands of training videos available online on any topic you search.
The businesses are facing a challenge to fit their product into the market. People are demanding for the best product from the companies. The demand has changed the product development process. There is always new company coming in the market that tries to crack the industry with the amazing looking product. They work hard to make the product better than their competitors.
You look at any industry in the market, the product development is touching new heights. Companies all over the world come up with the new product idea every year. People get bored quickly with the existing product and they demand new product every year. This has increased the challenge of developing making the product better than anyone in the industry.
The another factor that affects the performance of the company is the requirement of the skilled employees. The developed country has a very advanced structure or educational institute to create the skilled workforce. The developing country lacks these facilities. The skilled workers are the backbone of any organization. They build the product, sell the product to the customer and make the business successful. The non-availability of the educated people in the country slows down the business development process.
Many industries don't grow in these changing business environment because of the unskilled employee.
There are few jobs that require special skill, for instance, Engineering jobs, accountant jobs, sales jobs, hire managerial level skilled jobs, driving jobs etc.
Company demand these skill employee should have knowledge of working in the practical environment. Spending time on training may consume lots of time and the final product will get a delay. That's the reason why many industries hire skilled workers for top positions. The freshers are hired only in the data entry jobs or analytical jobs. Companies can't spend much time on employee management.
With the growth of the social media trend. The companies are unable to tackle the ever changing environment. The marketing activities are performed in the real time environment to meet the demand of social media trend. The big companies can manage this by hiring more people to manage such activities but small industries can't afford this.
The way the business environment is changing, I believe the future of the business development will become automated or less human interaction will be involved. The Artificial Intelligence (AI) will take the position of the human being.
The internet growth has increased the competition in the industry. Now if you are running a business then you are not just competing with the local businesses, you are also in the competition with internal firms. There is not the border in the business world.
E-commerce companies like Amazon sell all kind of product globally. Selling has become easy for the global industries. The technological development has changed the way we used to do the business.
The information sharing has become easy. You can learn anything by surfing on Google and Youtube. There are thousands of training videos available online on any topic you search.
The businesses are facing a challenge to fit their product into the market. People are demanding for the best product from the companies. The demand has changed the product development process. There is always new company coming in the market that tries to crack the industry with the amazing looking product. They work hard to make the product better than their competitors.
You look at any industry in the market, the product development is touching new heights. Companies all over the world come up with the new product idea every year. People get bored quickly with the existing product and they demand new product every year. This has increased the challenge of developing making the product better than anyone in the industry.
The another factor that affects the performance of the company is the requirement of the skilled employees. The developed country has a very advanced structure or educational institute to create the skilled workforce. The developing country lacks these facilities. The skilled workers are the backbone of any organization. They build the product, sell the product to the customer and make the business successful. The non-availability of the educated people in the country slows down the business development process.
Many industries don't grow in these changing business environment because of the unskilled employee.
There are few jobs that require special skill, for instance, Engineering jobs, accountant jobs, sales jobs, hire managerial level skilled jobs, driving jobs etc.
Company demand these skill employee should have knowledge of working in the practical environment. Spending time on training may consume lots of time and the final product will get a delay. That's the reason why many industries hire skilled workers for top positions. The freshers are hired only in the data entry jobs or analytical jobs. Companies can't spend much time on employee management.
With the growth of the social media trend. The companies are unable to tackle the ever changing environment. The marketing activities are performed in the real time environment to meet the demand of social media trend. The big companies can manage this by hiring more people to manage such activities but small industries can't afford this.
The way the business environment is changing, I believe the future of the business development will become automated or less human interaction will be involved. The Artificial Intelligence (AI) will take the position of the human being.
