Business is far from usual, it is transforming in front of our eyes. A business has to simply accept this is a changing world and business ecosystems are coming of age. The traditional silo mentality, the belief that your industry boundaries are immune to change and new challenges, is a grave mistake.
There is, or should be, a recognition that all businesses should find opportunities to coalesce into networked ecosystems, to open up a far greater potential than is presently on offer to each entity, unless you have deep pockets (Apple) or patient shareholders (Amazon) or inflows of revenue (Google) where you can invest in new business designs.
The problem with such a radical change we are witnessing, especially those driven by technology, is we are seeing increasingly, the breaking down of boundaries, previously built to defend positions. New competition is breaking down barriers, activity blurring much and this new competition is coming from unexpected quarters or regions of the world. The cost of entry is breaking down earlier barriers to stave off a competitive threat.
Even within many of the existing constraints, such as regulation protection or asset or funding limitations, these are dissolving or being opened up to a different mindset of global trade and value proposition building. This shift we are undergoing is unleashing opportunities and liberating the potential for those ready to explore the uncertainties, previously not available as business options for most. Today we can all be liberated through the exploitation of technology and new radical innovation design.
We are at a stage where regulators scramble to redefine policies, resolve the issues around different tax regimes and struggle to understand how the public should be protected or made aware of the changes taking place; in trading, in sharing private information, or in the differences in dealing across national borders, when problems occur or trade takes place. Technology different tax regimes and global trade are shifting the business opportunity dynamics. Continue reading