“The enterprise that does not innovate ages and declines, and in a period of rapid change such as the present, the decline will be fast.” This was according to Peter Drucker, a renowned management consultant who has contributed a lot in the field of practical foundations in business corporations.
For the longest time, it was a common observation to say that while the Philippines ranked high in surveys for number of internet users and overall usage, the country lagged in terms of connectivity speed compared to its peers. However, as digital enablement and transformation have been the top priorities since the start of remote work, even that seemingly deep-rooted truth is about to change. Telco companies have made a point to offer improved network services, beginning with the deployment of 5G technology.
Upgrading a business through digitalization is no easy feat. If we can recall in our previous article, we’ve established that digital transformation is an effort to improve existing business models by integrating advanced technologies. After learning this simple definition, what exactly can curtail these efforts in the long run? For digital transformation to be successful, it is crucial for business owners to consider all possible challenges brought about by the introduction of new technologies and an unfamiliar culture to the workplace.
Back in the day, the image of the future was filled with caricatures of flying cars and robots. Pop culture in the 70s and 80s promoted future society to be one that is advanced in all aspects – from transportation and entertainment to the world of work. Surely, these were not accurate predictions, as we are still eons away from using flying cars. What absolutely changed was the way we do things.
At this point, most companies are now aware of how the pandemic changed the world of work from 2020 and beyond. One of the main adjustments companies made is implementing work-from-home arrangements and business leaders scrambled to adapt to the needs of their workforce.
The disruptions caused by the COVID-19 pandemic on daily business operations are undeniable. Due to the guidelines placed by the government to quell the spread of the virus, businesses implemented work-from-home arrangements and virtual meetings were favored over face-to-face collaborations with colleagues and clients.
Insider threats may have been looming even before the start of the Covid-19 pandemic, but the crisis further put a corporation’s security in distress.
If you receive an email resembling a familiar email format and address and saying the Covid-19 pandemic assistance fund would be released today, and it asks you to log on through a link to know more about the fund’s computation, what would you do?
