The Role of Educational Institutions in New Business Trends Essay

Jon-Arild Johannessen, a professor of care and Innovation at Harstad University and Bjrn Olsen, a professor of Management and Organizational Behaviour at Bod Graduate School of Business, Norway (2010) assert with this economic landscape, knowledge itself became a key factor of productionspecifically, knowledge related to identifying and exploiting new ways to establish temporary competitive wages (p. 502). However, consider todays company that conducts and performs business in a international level. Under globalization the environs also creates a higher(prenominal) level of competition in business. Therefore, how such a company alter itself to win in at business in the global game. A company ask accurate learning for analyzing and evaluating business trends and the competitive environment in such markets for producing the right decision. Meanwhile, such a company needs talents who obtain leadership skills to play the role of decision-making. As a result, educational institu tions may need to prepare graduates to be able to apply selective information effectively relevant to business strategy. Accordingly, these new business trends would affect a companys strategy in human resources management, especially in the area of staffing. Because the new business strategy requires the use of these elements for achieving results, such as information, knowledge, and competence combined with technology, which focuses on the customer (customer centric) (Johannessen & Olsen, 2010). Meanwhile, the new business strategy would require certain personal talents as a leadership to use those elements to perform corporate tasks. Consider the elements of the new business trends that function as the business process, which identifies talents in using an in... ...alents to be ready for business practices. working CitedBadke, W. (2009). How we failed the net generation. Online, 33(4), pp. 47-49. Retrieved from EBSCOhost database. inside 2010356030Johannessen, J., & Olsen, B. (2010). The future of value creation and innovation Aspacts of a theory of value creation and innovation in a global knowledge economy. International Journal of Information Management, 30(6), pp. 502-511. Retrieved from Science Direct database. inside 10.1016/j.ijinfomgt.2010.03.007Rusell, P. (2009). Why universities need information literacy now more than ever. Feliciter, 55(3), pp. 92-94. Retrieved from EBSCOhost database. doi 41553415Turusheva, L. (2009). Students information competence and its importance for life-long education. Problem of Education in the 21st Century, 12, pp. 126-132. Retrieved from EBSCOhost database. doi 42742862