The New Age of Digital Disruptions
Posted on April 04, 2020 by Nomaan Majeed, One of Thousands of Business Coaches on Noomii.
Corona Virus has disrupted businesses across the world. Global firms need to adapt paradigm shift in business verticals @Industrial revolution 4.0
The age of Digital Disruptions
Corona Virus has disrupted businesses across the world. It will never be the same business as usual for coming generation next.Digital transformations are the biggest challenge & opportunity within or without for global firms doing business across various verticals.
E-commerce and online shopping platforms are going to rule the roost. An outcome many didn’t realise is the paradigm shift, which makes a whole new era of consumerism in a recession economy.
Digital disruptions are going to create a consumer specific value chain with value for money as the top priority. Early adaptor firms are way ahead in the race, others have just realised to start bicycling.
For the laggards and the brick & mortars, its a long journey to trek where the cost of technology adaptation and business migration has to be adjusted as the mist relevant budgetary spend. Indeed , a tricky situation with falling revenue sales and very little tech budget buffer to address the vaccum.
Edutech,Fintechs,,Online Meeting Apps are showing the way forward. The post Corona era is going to drive CHANGE with unforeseen repercussions, if the digital disruptions aren’t addressed per se.
Who is going to rock in Industrial revolution era 4.0 ? By far TECHNOPRENEURS are the optimistic cure in a recession economy. As the US faces highest unemployment figures, the world is witnessing bankruptcy and firm closures, which are going to limit opportunities in the job market. Technopreneurs from SoHo’s will be driving the age of digital disruptions where the new business canvas needs to address triple baseline model of business.
A. Traditional Trade
B. Modern Trade
C. Digital Trade
In doing so, determining target customers with Sales Mix and revenue contributions is going to be a humongous challenge.
Nevertheless, Digital Disruptions are going to show the path -goal approach strategies for CEOs who will have to take a call sooner than later.Technopreneurs are going to be the new CTO’s & CEO’s in the era of digital disruptions.
