1. Business in constant state of flux
Mobile-cloud technologies provide business people with access to a global network of online resources. This is why nowadays, the greatest competitor is not the one who has long been in the market, but the one who can easily adapt to new business models. In the future, there will be a lot of budding startups and large technologically advanced corporations.
For instance, Kodak, the former leader of the photo industry, failed to accept the new rules of the game and went bankrupt in 2013, while Fujifilm, which has undergone a radical reorganization, flourished. Notably, Kodak’s crash has occurred at a time when people around the world take more photos than ever in the past. The reason is an outdated business approach.
Another positive example of an innovative business model is shown by banks without physical branches, such as Tinkoff, Touch Bank, and etc. Curiously enough, they are already competing with companies from other sectors (Telecom operators, Internet companies, and gadget manufacturers) that provide similar banking services.