business trends 2014
DESCRIPTION
An overview of the broad trends set to impact SMBs in 2014TRANSCRIPT
BUSINESS TRENDS 2014
ALTERNATIVE WORKING PRACTICES
Flexible working +
Helping employees establish a better work/life balance helps retention, motivation and engagement
CROWDFUNDING
You no longer need cash to start a business
Crowd funding sidesteps bank loans, directly connecting people to business ventures
OFFSHORING
Many top companies move processes abroad for tax reasons, to reduce overheads and supply chain and to focus on core business
WELLBEING AT WORK
Mindfulness courses are available to schools and businesses that understand the value of meditation and turning our attention to the present
STANDING ON THE SHOULDERS OF GIANTS
Larger companies are seeing the brand benefit of using their power to support SMBs
Bringing a personal touch and allowing localisation to go global
PRIVACY BEST PRACTICE
Companies are beginning to position their privacy policy as a competitive advantage
Crisis strategies, in case of a data security breach, are also on the rise
DATA CRUCIAL FOR COMPETITIVE ADVANTAGE
Big Data is no longer just for geeks it has become economically relevant to businesses, creating value by reducing waste
SEAMLESS PAYMENTS
Speeding up the customer path to purchase is happening via NFC and pre-pay services for taxis and food
Tablets are ideal for cashier service SMBs
LEARNING FROM THE BIG BOYS
Many people are seeking inspiration from the likes of Apple, Amazon and Google to learn how to better themselves in the world of work, leadership and entrepreneurship
mEMPLOYMENT
Mobile is becoming a tool for accessing employment and income-generating opportunities
People can also use their phones to
and mini-CVs