IT Industry good article
The following article throws light on a very important
lesson based on prevalent trends for every business, especially in a world
where both economic changes and technological developments are very fast and
unpredictable.
Therefore, the consequences could be drastic, disruptive and
sometimes destructive too.
No domain of activity can escape this evolutionary trend.
The reasons why India’s top business houses like Reliance
and Tata are successful are perhaps because they are into multiple business
activities where downfall in one is compensated by another.
Though diversification is very good option, even in
government enterprises like our postal department which was demolished by
private courier operators and they have been made to do everything from banking
to selling Ganga Jal and acting as couriers for online sales+.
All cannot afford to do that.
Besides, some business activities need focus but all
businesses need to be alert to the pulse of the trends of changes both obvious
and lurking in the back yard.
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