The world of business has dramatically changed and continues to rapidly change every single day. What we know today can only last for a few months or years, if we are lucky. What we know yesterday might as well be considered a thing of the past tomorrow. That is how fast the business world is changing. So companies all over the globe have to learn to adapt and do it fast.
Before, the business trend is to be a jack-of-all-trades. To be successful, a business has to have everything a client needs in one roof-a one-stop shop. And companies of olden times try to do just that.
Hire all the kinds of personnel they need for every department in their company. However, that is a thing of the past now. The economic market today requires specialization. Consumers want to have every product or service tailored to their particular need. Consumers dont want generic products anymore.
They want special treatment and the best of quality service they can get. So, having everything under a companys roof does not seem useful anymore. Keeping all business processes under one roof now proves not only to be costly but impractical as well.
This is because monitoring each...
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