Trends and Change

In: Business and Management

Submitted By aobouldin
Words 1630
Pages 7
Business is shaped and influenced by economic developments as well as consumer incentives. The world of business is constantly evolving. Showcasing the most up-to-date information on emerging entrepreneurs, business ventures and retail technology, economic and political shifts and consumer lifestyles. In 2015, the business sector has seen a great junction of enterprise and marketplace by way of collaboration. Knowledge engineering and new leadership approaches are at the forefront of trends in business intelligence and human capital. Some of these business trends are sources of good business opportunities; others are trends we need to incorporate into our small business practices to stay competitive and keep or grow our market share. (Business Trends That Will Drive Success, 2015)
Rise of the Phone App
This business trend is consumer-driven and closely related to mobile computing. Business-wise, phone apps are replacing everything from mileage log books through credit card readers. An iPhone app called Square, for example, lets you accept credit card payments by plugging a card reader into your iPhone. Business can benefit from this business trend by using phone apps to eliminate some of your other office equipment and supplies. You might also benefit by creating and selling your own phone app. The Amazon App is an (in)famous example of a shopping app; it scans bar codes and comparison shops, letting customers know if they can get a better deal through Amazon's website or not. (A Top Ten for Business Leaders, 2015)
Banking and Finance
Finance models have also undergone change in 2015. The constraints placed on traditional bank institutions since the global financial crises of 2008, and subsequent regulatory reforms of those commercial entities, has placed new focus on industrial loan companies by parent organizations looking for fewer restrictions on consumer…...

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