HOW TO SUCCEED IN DIGITAL ECONOMY?

BY ESAD SALIHOVIC

THE DIGITAL ECONOMY IS DEFINED AS THE ECONOMY, WHICH ISBASED ON THE INTERNET ECONOMY.

THERE ARE DIFFERENT NAMES OF THIS DIGITAL ECONOMY THEYARE:

1. NEW ECONOMY2. WEB ECONOMY

BY ESAD SALIHOVIC

AS IT IS THE TIME OF TECHNOLOGY SO THE CONCEPT OF THEDIGITAL ECONOMY IS INCREASING DAY BY DAY.

THE DIGITAL IS NOT CONSIDERED AS THE PART OF THE ECONOMY,BUT IT IS THE ECONOMY.

BY ESAD SALIHOVIC

AS THIS ECONOMY IS VERY LIMITLESS MEANS THAT EVERY DAYYOU WILL SEE A NEW THING IN THE MARKET AND DISPLACE THEOTHER PRODUCT LIKE KODAK, BLACKBERRY, AND MANY OTHERFIRMS WERE UNABLE TO ADAPT SO THEY DISPLACED FROM THEMARKET.

THOSE FIRMS WHICH ADAPT TO A DIGITAL WORLD SURVIVE INTHE MARKET.

BY ESAD SALIHOVIC

THERE ARE SOME QUESTIONS THAT ARRIVES IN THE MIND OF APERSON AFTER READING IT OR WHAT ARE THE REASONS THATTHESE FIRMS WERE DISPLACED AND HOW SOME FIRMS SURVIVEIN THE MARKET.

THE QUESTIONS ARE:

1. HOW THEY SURVIVE IN THE MARKET AND MAKE THEIR PLACE INIT?

2. ON WHICH POINTS THEY FOCUS?

BY ESAD SALIHOVIC

ANSWERING THE ABOVE QUESTIONS THERE ARE SOME POINTSTHAT MAKE THE FIRM SURVIVE IN THE MARKET. THOSE POINTSARE:

- EXPECTATIONS OF A CONSUMER- IMPROVING THE PRODUCT- BUILDING AN ECOSYSTEM- NEW ORGANIZATIONAL STRATEGIES

BY ESAD SALIHOVIC

EXPECTATIONS OF A CONSUMER:

THE PEOPLE ARE AWARE OF THE NEW TECHNOLOGY SO TOIMPRESS THE DIGITALLY EMPOWERED CUSTOMERS IT IS VERYIMPORTANT TO DESIGN A PRODUCT ACCORDING TO THEEXPECTATION OF THE CONSUMER.

THEIR MAIN AIM IS TO PROVIDE THE BEST PRODUCT AT ANAFFORDABLE PRICE SO THAT THEY CAN SURVIVE IN THE MARKET.

FOR THE EASINESS OF THE CONSUMER THE COMPANY PROVIDESCUSTOMER SERVICES TO THEIR BUYERS SO THAT THEY CANAPPROACH THEM IF THEY FACE ANY DIFFICULTY IN USING THEPRODUCT.

BY ESAD SALIHOVIC

IMPROVING THE PRODUCT:

TO SURVIVE IN THE MARKET IT IS VERY IMPORTANT TO UPGRADETHE PRODUCT ACCORDING TO THE NEED AND REQUIREMENT OFTHE SOCIETY.

LIKE DIFFERENT COMPANIES ARE OFFERING DIFFERENTELEVATORS AND ESCALATORS WITH DIFFERENT FACILITIES BUTTO ATTRACT THE CONSUMER SCHINDLER’S OFFER A UNIQUEFACILITY IN ELEVATORS AND ESCALATORS THAT COLLECT SENSORDATA, WHICH SEND THE INFORMATION TO THE COMPANY ANDTHE DATA IS ANALYZED SO TO GENERATE THE MAINTENANCENOTIFICATION BEFORE ANY BREAKAGE THIS WILL MAKE THECONSUMER FEEL SAFE AND HAPPY.

BY ESAD SALIHOVIC

BUILDING AN ECOSYSTEM:

COMPANIES SHOULD BECOME MORE INVENTIVE, SO TO COMPETEIN THIS ENVIRONMENT.

SUCCESSFUL COMPANIES ARE BUILDING AN ECOSYSTEM WITHDIFFERENT DIGITAL NETWORKS SO TO PROMOTE THEIR PRODUCTAND TO INTRODUCE THEIR NEW INVENTIONS.

BY ESAD SALIHOVIC

NEW ORGANIZATIONAL STRATEGIES:

THE LEADER OF THE COMPANY IS RESPONSIBLE FOR RETHINKINGABOUT THE STRUCTURE OF THE PRODUCT AND HOW TO DEALWITH THE NEW MARKET ENVIRONMENT.

IT IS SAID THAT THE STRATEGIES DEVELOPED IN THE 90’S WILLNOT WORK IN THIS CENTURY DUE TO THE CHANGINGENVIRONMENT, NEEDS AND THE FAST-CHANGING DIGITALECONOMY.

BY ESAD SALIHOVIC

THE SUCCESSFUL COMPANIES ARE ALSO FOCUSING ON THE DARKSIDE OF THE TECHNOLOGY SO TO OVERCOME THESE DRAWBACKSOF THE DIGITAL ECONOMY THE COMPANIES EMPHASIZE ONCYBER SERVICES SO TO FACILITATE THE CUSTOMER AND ALSO TOSAVE HIM FROM ANY HARM.

BY ESAD SALIHOVIC

NOW, IF YOU’RE READY TO START YOUR JOURNEY IN THE DIGITALECONOMY OR INTERNET MARKETING WORLD, THEN CLICK HERETO EXPLORE THE TREMENDOUS POTENTIAL THAT LIES WITHINTHIS BUSINESS WORLD.

BY ESAD SALIHOVIC