The Role Of Educational Institutions In New Business Trends

1158 words - 5 pages


The Role of Educational Institutions in New Business Trends

Jon-Arild Johannessen, a professor of Management and Innovation at Harstad University and Bjørn Olsen, a professor of Management and Organizational Behaviour at Bodø Graduate School of Business, Norway (2010) asserted “with this economic landscape, knowledge itself became a key factor of production—specifically, knowledge related to identifying and exploiting new ways to establish temporary competitive advantage” (p. 502). However, consider today’s company that conducts and performs business in a global level. Under globalization the environment also creates a higher level of competition in business. Therefore, how such a company enable itself to win in at business in the global game. A company needs accurate information for analyzing and evaluating business trends and the competitive environment in such markets for producing the right decision. Meanwhile, such a company needs talents who obtain leadership skills to play the role of decision-making. As a result, educational institutions may need to prepare graduates to be able to use information effectively relevant to business strategy.
Accordingly, these new business trends would affect a company’s strategy in human resources management, especially in the area of staffing. Because the new business strategy requires the use of these elements for achieving results, such as information, knowledge, and competence combined with technology, which focuses on the customer (customer centric) (Johannessen & Olsen, 2010). Meanwhile, the new business strategy would require certain personal talents as a leadership to use those elements to perform corporate tasks. Consider the elements of the new business trends that function as the business process, which identifies talents in using an individual’s knowledge, skills, and abilities to optimize information for decision-making and communicate through information technological networks.
Necessity of Information to New Business Trend in Globalization
As the new business strategy that focuses on the outside of business organization as external factors, especially in global level that uses customer centric strategy as the approach. In which, the approach requires a variety of information from various customers around the world. In contrast, the new business strategy relies on a tremendous amount of information for management and production. Therefore, the ability to evaluate information is a significant aspect of today’s business. Meanwhile, educational institutions should focus on and play the role of teaching students in research efficiently.
Educational Institutions Influence Students in Information Competence
According to customer centric strategy is a business approach that creates and adds value to products and services provided to customers. Therefore, such a company needs employees who enable to search accurate information for creating and adding value relevant to customer and...

Find Another Essay On The Role of Educational Institutions in New Business Trends

Obstacles in Higher Educational Institutions: Plagiarism

1190 words - 5 pages Plagiarism is commonly known as the practice of taking an individual’s work and passing it on as one’s own. It is an obstacle the Higher Educational institutions have to constantly withstand during the past decade (Neville, 2010). In order to confront the issue of plagiarism, reasons need to be addressed. This essay will shed light on the various causes of intentional and unintentional plagiarism. The focus is on three main ideas; it begins by

The Role of the Modern Educational Leader

1861 words - 7 pages ability to influence and enlist the support of others towards accomplishing specific goals. To sustain this relationship between themselves and the people they inspire they must have integrity, loyalty, a positive attitude, strong communication and planning skills and should not be afraid to empower and serve their followers. Personal ethics must be of utmost importance to educational leaders as they are seen as role models in the community and

New Trends In E-Business: E-Government And M-Commerce

1329 words - 5 pages has given consumers cheaper products and services, instant delivery, no sales tax and information availability. The changes in the Internet and World Wide Web technologies and services lead to new developments in the way E-government efforts provide services to citizens and businesses, and in the way government handles their internal operations. Evolution of E Business One of the biggest benefits of the Internet is its ability to allow

The Role of Government in Business

1375 words - 6 pages History Ever since the colonial times businesses in the United States of America faced business regulations. During the 19th century, when the American economy became more industrialized, and grew to a world power, the federal government passed business laws, that favored social reforms over the interests of big business. In the 20th century government involvement in business continued to expand. So made Roosevelt’s “New Deal” legislation

The Role of Business in Foreign Policy

1665 words - 7 pages Throughout the course of American history, business-related interests have played a predominant role in influencing foreign policy. Foreign policy determines how America conducts its relations with other countries. It is designed to further certain goals such as security and trade. More importantly foreign policy seeks to ensure America’s security and defense and its ability to protect America’s national interests around the world. National

The Role of Business in Society

1935 words - 8 pages The problem to be investigated is that of understanding Dr. Novak’s discussions of the role business plays in society. The discussion centers around the topics of understanding the origins of the corporation, understanding the difference between corporations in the United States and Britain, understanding the different definitions of stakeholders, understanding the differences between democracy and social democracy, and understanding the

The Institutions of Islamic Finance in Baitulmal

2429 words - 10 pages Byzantine. 2) BAITULMAL IN MALAYSIA The history from Islam has show that the institutions of Baitulmal especially play a main role in mobilizing the socioeconomic of Muslim. Baitulmal concept is the trusty because the property in Baitulmal should be treated as a property of Allah and all Muslim as the owner for the usufruct. Within the Malaysian context, it functions as a collection and distribution centre for zakat and firth. Its job, pure

Impact Of Changing Trends In Business Analytics

1349 words - 6 pages • To study the emerging trends in business analytic’s Chapter 3.0 Literature Review LITERATURE REVIEW Business analytics involves acquiring new knowledge through a constant analysis of data and then making use the right and required amount of data to come various conclusions. It is usually done by collecting information from various sources like

The Role of Religion in "The Conquest of New Spain"

827 words - 3 pages "cross and crown" in its imperial policy; much to the dismay and ultimate destruction of the indigenous peoples of the New World. Through an examination of Aztec polytheism and the Catholicism of the conquistadors, comes the central role of religion in the successful conquest of New Spain. When the Spaniards arrived on the Yucatan Peninsula of Mexico in 1519, they encountered the advanced society of the Aztecs. With Tenochititlan at its

The Role of Business

1391 words - 6 pages The Role of Business Is Corporate Social Responsibility good for business or simply goodwill? Introduction: What is the role of business? Is it to generate wealth for the company and its shareholders, or is it purely for benefiting the public? This is what I will attempt to answer in my essay. There is more than one definition for corporate social responsibility. One way in which it can be defined is the

The Role of Technology in Transforming the New Zealand Economy

2147 words - 9 pages I have also attached the paper in a word document due to formatting and graph issuesExecutive SummaryThis overview paper proposes an integrated approach for innovation policy, focusing on the particular role of technology, to support the Government's economic goals. It includes a review of the role of technology in the New Zealand economy as a basis for identifying priorities for innovation policy.Compared to our trading partners we have

Similar Essays

The Role Of Educational Institutions In New Business Trends

1163 words - 5 pages who obtain leadership skills to play the role of decision-making. As a result, educational institutions may need to prepare graduates to be able to use information effectively relevant to business strategy. Accordingly, these new business trends would affect a company’s strategy in human resources management, especially in the area of staffing. Because the new business strategy requires the use of these elements for achieving results, such as

Reservation In Unaided Educational Institutions Is In Violation Of The Basic Structure Of The Constitution?

1906 words - 8 pages to remove barriers of inequality and enable diverse communities to enjoy the freedoms and share the benefits guaranteed by the Constitution . But can the state extend this duty and obligation to the private sector? Therefore the question broadly is whether the horizontal application of the acts extending to private unaided educational institutions violates the Basic Structure of the Constitution? This question is in with regard to the 86th

Trends In The World Of Business Photography

677 words - 3 pages was made out of what were pretty good materials for cameras back then, and it had a camera lens right in front of it that you could kind of move out of the was.These old cameras interested the whole world, which started the globalization of the camera. The first few cameras were given to the French, but when other people started seeing these cameras, a whole bunch of countries made their own, like Germany and the U.S. You can find a whole lot of

Information And Communication Technology In Educational Institutions

1063 words - 5 pages ICT stands for Information and communication technology. In educational institutions, ICT's are a range of tools meant for the purpose to aid teachers and learners in all areas of the curriculum. ICT, if used correctly, attempts to improve achievement, motivation and thinking across all subjects when used as learning tools. ICT enables the student to represent and construct their own understanding from the vast amounts of information that is