Competitive Market


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Justine Garcia and 1 other commented on this article
Justine Garcia

Justine Garcia, Community Manager at

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We have to know how our industry is affected by market trends. It is essential to stay competitive and to meet consumers' needs.

Dr Louise Metcalf added an answer to this question
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Dr Louise Metcalf

Dr Louise Metcalf, Associate Lecturer at

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This is a kind of 'how long is a piece of string' question and there are so many answers that could be given! Endless! However there are some really certain bets that can make.
1. Quantum computing and efficient solar batteries - a lot of bots - one of the things that has held back everyone having the ...  Continue Reading
Deborah Vella added an answer to this question
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Deborah Vella

Deborah Vella at

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As the next generation comes through to the management levels in business, we seem to be seeing a trend towards more businesses with attributes that appeal to the millennial generation. One of those is working on your own terms in small business rather than grinding out work for years for a large employer. I think the next big thing in the next five to ten years will be just that, a major shift away from big business and supporting small businesses which provide a personal service.

Jenny Thomson added an answer to this question
Jenny Thomson

Jenny Thomson at Flannel Clothing

As an eCommerce site Amazon is one of the best option fot retail business. Already many of the retail businesses based in UK,USA, Australia & Canada impacted with Amazon. Even the top most brands like Alanic Activewear, Nordstrom, Nike have already connected with Amazon.

For example-

Deborah Vella added an answer to this question
Deborah Vella

Deborah Vella at

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In the knowledge economy, suppliers are able to adjust their service offerings to enable businesses to maximise their own service offerings. I see the knowledge suppliers as professionals helping businesses to meet their service goals.

Jef Lippiatt added an answer to this question
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Jef Lippiatt

Jef Lippiatt, Owner at Startup Chucktown

In all honesty, I think the next big thing in the time span you've mentioned will be companies abandoning or tweaking their Robotic/Drone/Artificial Intelligence presence to a more human approach.
Just as currently we are seeing the most successful companies are the ones with not only the best user experience ...  Continue Reading
Lisa Ormenyessy

, Business Coach and Marketing Specialist at

Oh Jef I do hope so! Successful business is about relationship and if we lose the balance we are all doomed, business or not!

Deborah Vella

, at

I believe the next big thing is already starting to emerge. A cultural shift away from employment towards starting a small business.

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Sathyanarayanan Srinivasa added an answer to this question
Sathyanarayanan Srinivasa

Sathyanarayanan Srinivasa, Registered Tax Agent & Accountant at


You need to understand the demand & supply gap for the products that you have decided to invest in, apart from the other scenarios which you will consider. The ground rules mainly would be complying with the applicable statutory requirements and work within the limits applicable to the industry in which the investment has been made. You may have to deal with both micro and macro economic conditions applicable to the business.