Would you like to suggest improvements on the functioning of media give reasons to support your answer
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The term continuous improvement is fairly self-explanatory. It almost seems too simple, but this industry buzzword is about continually improving your business, processes, and way of working. How you go about studying, planning, implementing and evolving that improvement is where it gets more complicated. You need to encourage a philosophy of constant, logical, and sustainable improvement throughout your organization. This allows continuous improvement to go beyond being a slogan on a poster, so it becomes the way your company operates at all times.
While continuous improvement can range from simple changes in the day-to-day workings of your company to major shifts in focus and procedures across a global structure, in all cases, you will require the right instruments to achieve success and keep it going.
Continuous Improvement – The Process That Will Shake-Up Your Comfort Zone
“Life begins at the end of your comfort zone” – Neale Donald Walsch
There’s a reason humans often resist change: There’s a comfort in what we know. While the call of the unknown is appealing to some, it is a natural and reassuring thing to resist putting ourselves in new situations. In the business world, this is no longer possible. In times gone by, it was often possible for companies to “rest on their laurels” and maintain the status quo with their products and services because people trusted their brands and products and knew what they were getting. There are several reasons why this doesn’t work anymore:

There’s More Competition Than Ever: Competition is a good thing. It gives us a basis for comparison amongst our peers and pushes us to do better. But it also means we aren’t the only ones offering a certain product, service, or feature. When there’s limited competition, you can more easily defend your corner of the market, but in today’s competitive climate, you don’t get a moment’s rest.
It’s a Global Marketplace: For most industries and businesses these days, you not only have to be concerned about local competition but also with foreign competition. More and more borders are coming down, and mature products and services from other markets can catch you by surprise. If you don’t watch what’s going on elsewhere in the world and prepare for it, you won’t be prepared to deal with it when it does arrive.
Information is Everywhere:Consumers are connected 24/7 these days. They have access to information at their fingertips. For example, 85% of consumers use the Internet to locate businesses that meet their needs. Whereas previously a product, service or marketing plan was designed for longevity, nowadays you need to be ready to react to shifts and trends in the market. It’s important to use the speed of information flow to your advantage and not sit and watch it fly by.
Dynamics are Changing: The old walls around products and services have been torn down, and intelligent, flexible companies are reaping the rewards. Mobile apps are turning the taxi industry upside down. Online banks are offering an alternative to brick-and-mortar banks. Home delivery is changing the way we buy everyday products.
While continuous improvement can range from simple changes in the day-to-day workings of your company to major shifts in focus and procedures across a global structure, in all cases, you will require the right instruments to achieve success and keep it going.
Continuous Improvement – The Process That Will Shake-Up Your Comfort Zone
“Life begins at the end of your comfort zone” – Neale Donald Walsch
There’s a reason humans often resist change: There’s a comfort in what we know. While the call of the unknown is appealing to some, it is a natural and reassuring thing to resist putting ourselves in new situations. In the business world, this is no longer possible. In times gone by, it was often possible for companies to “rest on their laurels” and maintain the status quo with their products and services because people trusted their brands and products and knew what they were getting. There are several reasons why this doesn’t work anymore:

There’s More Competition Than Ever: Competition is a good thing. It gives us a basis for comparison amongst our peers and pushes us to do better. But it also means we aren’t the only ones offering a certain product, service, or feature. When there’s limited competition, you can more easily defend your corner of the market, but in today’s competitive climate, you don’t get a moment’s rest.
It’s a Global Marketplace: For most industries and businesses these days, you not only have to be concerned about local competition but also with foreign competition. More and more borders are coming down, and mature products and services from other markets can catch you by surprise. If you don’t watch what’s going on elsewhere in the world and prepare for it, you won’t be prepared to deal with it when it does arrive.
Information is Everywhere:Consumers are connected 24/7 these days. They have access to information at their fingertips. For example, 85% of consumers use the Internet to locate businesses that meet their needs. Whereas previously a product, service or marketing plan was designed for longevity, nowadays you need to be ready to react to shifts and trends in the market. It’s important to use the speed of information flow to your advantage and not sit and watch it fly by.
Dynamics are Changing: The old walls around products and services have been torn down, and intelligent, flexible companies are reaping the rewards. Mobile apps are turning the taxi industry upside down. Online banks are offering an alternative to brick-and-mortar banks. Home delivery is changing the way we buy everyday products.
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IF YES, I WOULD LIKE TO SUGGEST ABOUT THE RULES, TERMS, POLICY, ECONOMY ETC BECAUSE IN SOME COUNTRIES LIKE INDIA AND AFRICA THERE ARE VERY LESS RULES AND POLICY.
IF NO, I DON'T SUGGEST ANYTHING BECAUSE I FEEL THERE ARE ENOUGH RULES TO SUPPORT A COUNTRY AND ITS CITIZENS
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