Answer:
The concept of the world being flat has extended beyond geographical boundaries to the rapid blurring and demolition of economic ones. Globalisation is not an expansionary mindset anymore and in many cases, a strategic imperative to identify growth opportunities. Organisations are increasingly looking beyond their national markets. E-commerce and the emergence of digital and social marketing practices have led to a level playing field for organisations and customers and have redefined competition. Price wars have become increasingly common. Established brands are increasingly under threat from emerging private label brands.
Given the massive interconnectedness of the business world and emerging models of competition and growth, how can organisations maintain their core underlying brand identity? In addition to competitive market factors, worldwide external shocks like the global recession have also severely impacted businesses at both local and global level. The key question that emerges is that whether there is now a continual need for brands to adapt or face the threat of extinction if they practice consistency.
Answer: B. Increased human capital increases productivity.
Explanation:
More educated women in developing countries means that they can get better opportunities like a high-skill job or start a business. Options A) and C) are true but not directly related to the question.
Identify processes for change
Explanation:
BPM or Business Process management refers to the technique employed by business enterprises to improve their work process and thus increase their output efficiencies. Since business includes a set of task to be completed in synchronisation with one another, hence BPM reduces the latency between each of these tasks by streamlining the whole procedure by making some requisite changes.
The whole process is completed in 6 to 7 steps. 1st of all the steps remain the Design part.
Design part includes the act to identify the process which needs to be changed. This process is also termed as evaluation. Later other steps ride on the success of this step.
