OUR VISION
We aim at enriching the global perspective of a diverse business and management research community.
Therefore, serves as a linkage for various scholars, academics, intellectuals, and institutions to discuss and exchange opinions across a wide range of social sciences subjects and themes. In addition, this discussions platform helps stimulate theoretical, pragmatic, and comparative studies confronting people, organizations, and society.
Trends in Global Business and Management Research
The global business has been experiencing significant changes before the Covid-19pandemic, with business development revolving around technology and consumer behavior and organizations adopting and relying more on data analytics and marketing communications and support.
When Covid hit, it intensified and hastened the use of technology for some businesses while knocking others out of the market. The global impact of the covid 19 on the worldwide economy is immense, and more than 88% of consumers are concerned. In Los Angeles, California, a survey shows that six out of ten businesses are folding up, included in that statics are big companies like JCPenney and Virgin Australia who have filed for bankruptcy. The consumer behaviors preferences shape the volatile market for fast and real-time services. The dynamic business transformation is due to increase access to the internet and communication technologies.
Developments evaluated by global business management experts include financial stability, cultural cohesion, and known corruption across all levels of government before investing in the market.
Current Global Business Trends
During the earlier stage of the pandemic, contactless payments rose and quickly became the norm. And many experts feel that this trend will not lose its steam even when the pandemic's impact ends medically and socially.
The On-Demand Economic Shift
The consumer increasing demand for goods and services online using digital solutions for that purpose. And 50 percent of work is now virtual, increasing online purchases and store pick-ups.
The 5G Network and AI
Experts predict that 5G networks will have a global penetration of 40% in 2024, driving 25% of all mobile data. And around $130 to $150 billion is required to provide the necessary connectivity in the US.
The American Locavore
A rise in locavore in the US with many people turning to farm and cooking more by themselves during the pandemic
Contactless Payment Options On The Rise
Before Covid-19 contactless uptake was less than 10 percent, but contactless payment has become a norm in society from the early stage of the pandemic.
Social Commerce Growth and eCommerce Dominance
An uptake in e-commerce and the use of social media like TikTok, Instagram, Twitter, Zoom, and others. And eCommerce uptake, yielding year-over-year revenue growth for US retailers with 68% as of mid-April 2021. Thus surpassed a previous peak of 49% in early January.
More Smart Offices
Experts predict that the global smart office market will reach $49.7 billion by 2024. Valued at $21.2 billion in 2017, a growth of little over 12.98% in six years, and business trends for the next ten years. Smart offices are mainly driven by technologies, such as the internet of things (IoT) and artificial intelligence (AI)
Increase collaboration of organization with social influencers to market and promote their product and goods
Remote Work On The Rise
Investment In Retail Technology
Organizations in the retail business are investing in retail technology to boost sales and growth.
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The future of business is technology dependent for survival both operationally and the human capital side with continuous growth adoption and shedding of legacy systems. While on the customer-facing side, businesses are likely to adopt a highly personalized techniques to foster better connections with their consumers. And this will be enabled using technology with omnichannel capabilities. However, the employee-facing side, businesses will focus on empowerment, offering more flexibility and focusing on employee’s loyalty and happiness. This is a shifting to a person-centric phase of capitalism, where the ``I`` is at the forefront.