Question

Describe why business processes must be dynamic rather than static in a real business setting?

Why is it important to understand the dynamic nature of change and the use of projects and analysis?

Why will Social Media be dying within the next 10 years or so?

Why is it a critical skill to learn and understand Complex Adaptive Systems?

Answer 1

1) A dynamic business process is the one that keeps on improvising itself with the time. In today's scenario the market place is evolving at a very rapid pace due to the recent inventions. This has led to a continous change in the consumer preferences too. Also the technological advancements in the various sectors like manufacturing, service etc have started giving the organisations a certain competitive edge on their competitors. Today, if an organisation is not innovating itself and responding to the changing needs of the business environment then that organisation will run out of business or its products will not seem to be relevant enough to the present customer demands.

Therefore, a static business process will not survive in a long run and will soon run out of the market/business due to their lack of improvisation and its lack of coping up with changing market trends.

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