Question

In: Operations Management

connections are crucial to a businesses success, what comes next after connections to make a business...

connections are crucial to a businesses success, what comes next after connections to make a business successful in the current way the system is set up today in the USA (must be at least a paragraph)

Solutions

Expert Solution

The next important factor after connection to be a successful company in the USA would be the technological innovation. The world is going digital and it is important for a company to have a digital information and adapt the latest technologies to be in the race to reach the top of the ladder. The customer demands keep changing and the companies cannot provide the same product or a service to the customer even if they are successful. They need to keep innovating and invest time and money into their R&D activities. New products and services can not only keep the existing customers happy but also can attract new customers. technology can also streamline how the business is run. it can help the companies in making their entire business strategy more efficient. They can easily identify the gaps in their system and find suitable solutions. The development of technologies like data science, machine learning, augmented reality, artificial intelligence, etc have made a huge impact on the businesses. So a company should be technologically innovative in order to succeed in the American market.


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