Business consulting, an alternative to the new normal?

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By CAPosts 04 December, 2020 - 12:00am 114 views

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Millennium Click to see the full video Play video again __AOPEN__OSE0 The weather forecast for this Thursday The wide circulation of a low pressure zone with high cyclonic potential will remain located off the coast of Veracruz, and in interaction with upper atmospheric instability will cause torrential rains in Puebla and Veracruz, and intense rains in Chiapas , Hidalgo, Oaxaca, Querétaro and San Luis Potosí. Likewise, heavy rainfall is forecast in Colima, Edomex, Guanajuato, Guerrero, Nuevo León, Tamaulipas and Tlaxcala, Mexico City, Coahuila, Morelos and Tabasco. La Jornada Weather forecast for this Wednesday For this Wednesday, the low pressure zone in the southwest of the Gulf of Mexico due to Tropical Wave Number 35, which will be located off the coast of Jalisco, and a low pressure channel that will extend over the Sierra Madre Occidental and the center of the national territory, in addition to instability at high levels of the atmosphere and the entry of humidity from both oceans, which will cause rains of different intensities in most of the country. La Jornada Teacher goes daily to Internet cafe to give classes Due to the coronavirus pandemic, covid-19, teachers and students had to return to online classes. It has undoubtedly been a challenge and much more for people who do not have the necessary tools to work or study. Problem Milenio NEXTE

(Expansion) - In Mexico, not all business owners have business knowledge, largely due to the lack of education provided at all levels on this subject. While experience and even intuition are important elements when implementing a business, formal knowledge often gives a significant advantage to those who have the opportunity to put it into action. One of the consequences of this lack of training is that entrepreneurs with good initiatives do not have the appropriate tools to add enough value to their products in such a way that they can grow their businesses or respond strategically to adapt to circumstances such as those caused by COVID -19.

It is here where approaching consultants on business, technology or marketing issues, among others, will help companies to overcome difficult circumstances, or to grow to their maximum potential. According to the Inter-American Development Bank (IDB), in developed countries such as the United States and Canada, the professional consulting industry acts as a diffuser of innovations and best practices that increase productivity and economic growth. A consulting company plays a very important role, since being an external entity it can analyze in a realistic and impartial way the variables that directly and indirectly affect the environment in which a business operates, in addition to having knowledge about what is needed to enhance its development within a context that needs agile and ad hoc responses to market circumstances. The results of an optimal business advice identify areas for improvement, which can translate into cost reduction and / or diversification of income sources that increase business profits, process optimization or entry into new markets. According to data from EY 2020, 79% of the members of the board of directors affirm that their organizations are not prepared to face crisis events, and in the economy of the new normal where the behavior of the market is unknown, the Adaptation is the starting point to decide the present and the future of a company. In addition, the strategies aligned to the changing market trends allow their survival and strengthen their proposals to remain current with their clients. Among the strategies proposed in the new economy is the essential digital transformation in all aspects of the business -products and services-, of course this is not easy for companies that are not used to the use of technologies in their processes, due to the traditional models with which they have operated over the years. Experts in innovation and business consulting develop their knowledge due to their broad exposure to a wide variety of products and services that they advise, so in general they have the ability to create alternatives and innovation-based reactivation plans that drive any entrepreneur to respond to the real needs of the market.

The design of strategies to strengthen a company is not a simple job, it requires patience, agility and proposals that are directed by priorities with actions in the short, medium and long term. Consulting may seem like a difficult investment to make, however there are alternatives at local business incubators, business accelerators, and business chambers that often offer affordable options with trained consultants who can follow up on needs. specific to companies. Expert advice reduces the risk of failed investments, interprets the market to identify your priorities, and most importantly, accelerates business recovery. It is not only innovated with technology, but also by increasing the value of the product with a new image or functionalities, internal process changes, among others, but trying to break with the traditional operation, through implementations that create new ways of generating business. Knowledge is power and provides tools that strengthen any business model. The IDB affirms that having an ecosystem of entrepreneurship and innovation is a high-value asset that has managed to mobilize capacities and talents, to generate quick responses that this new normal demands. Every day we need to learn something new, it is in our hands to advise ourselves with those who have up-to-date information that helps to create resilient, innovative businesses and that enhance the opportunity for economic reactivation. Editor's note: Eduardo Durazo Watanabe works at the Baja California Center for Wine Studies, CETYS University. Follow him on LinkedIn . The opinions published in this column belong exclusively to the author. See more information about this and other topics in the Opinion channel

Source: MSN