5 Problems Enterprise Businesses must avoid in 2020

The business landscape is an ever changing game. What works today will not tomorrow. Continuous improvement in almost all aspects of your operations is required to prevent the common business problems most enterprises face today. 

For every unicorn start-up or success story, there are 100s that bite the dust daily. The entire buzz from over evaluation, mass funding can only sustain so long. 

Be it Meru Cabs & Hertz in India that got eaten by the likes of Uber and Ola or the most recent We Work!

One thing experience tells me is that, most of these problems aren’t unique or of a size where they cannot be managed successfully and neither do all of them require innovation & costs.

In hind sight, it is about nipping them in the bud instead of ignoring or procrastinating for another time. And this is when things tend grow out of hand with irreparable damage. 

So what are the common yet very probable business problems to watch out for in 2020?

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How to Use Automated Project Templates in Orangescrum Enterprise

Project Managers are tasked with building elaborate project plans and breaking them down into executable tasks. Project plans are the soul of a project and if not dealt with the required due diligence can wreck the project. 

No wonder PMI emphasis a lot on the Initiation and Planning phases.

Building project plans and outlining the work breakdown structure into granular actionable tasks requires covering multiple perspectives

• Project period
• Meeting project objectives
• Identifying resource needs
• Keeping within budget
• Plan vs task alignment

This also means the project manager must be skilled enough to understand the nature of the project and its impact upon completion. 

Thus the added pressure to cover all tasks the project may entail, estimate in terms of time and resources and ensure proper task to resource alignment to meet delivery timelines. 

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Business Success Through Digital Transformation

Better adaptability has been the key to survival in every field; in life and business.

History has full of stories of civilizations of those who have become extinct because they could not cope with the challenges of time.

And those who survived evolved and transformed.

The same is the need of the day.

Technology is reshaping business in various ways, and the overall concern is that companies without the latest technical adoption will soon be left behind.

 This fear is not baseless.

"Digital is approaching a tipping point. Over the next five years, companies will begin to see digital affect the majority of their revenues."

With the adoption of Global Free-Tradepolicy, the pressure to digitally transform the business is greater than ever before, but the transition from traditional model don’t always deliver the benefits to the business as promised.

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Quick Guide for Enterprises to be Agile

Ohh how we miss the times when starting a business was a piece of cake! You decide on a product, invest the money, advertise, and then you sell. 

And, the products sold like hotcakes. Well, not all of them, but that was the trend.

This is how a layman sees business. And we admit it was easy, but those days are behind us. 

Having a solid product isn’t good enough, nor is having a hard-working team. 

Now, running a company isn’t easy. You have to fight tooth and nail to keep a business afloat. 

Enterprises need to be more and more innovative, agile and the first ones to get to their customers.

Remember we said, times were changing, you ever wonder, how? The focal point of businesses is now gravitating towards the customers. 

But with IT, it has always been so. It is the services you offer to the customers that are important. How you do it, sets you apart. 

A company does anything and everything to please a customer

Read the full article at Orangescrum Blog