ABO's Top Read Stories 2022: A Sneak Peek Into Our Discourse

The post pandemic resurgence has changed the way how businesses are operated; we have learnt how to be resilient in the face of the impending threats which jeopardize our business. This year our talented writers at Asia business Outlook have written various informative pieces which shed light on how to maneuver these obstacles. We shall have a brief look into these dissertations as the year ends.

How India Can Become The Fastest Growing Economy In Asia

“Is the nation emerging as the stable economy in the Asian space? The study reveals a positive rise throughout the journey so far.”

India has developed as the world's fastest-growingmajor economy, and it is predictable to be one of the top three financial powers in the next 10-15 years, owing to its robust democracy and strong partnerships. India ranks 145th and 122nd in terms of GDP per capita. Since the turn of the century, annual average GDP growth has ranged between 6% and 7%, and from 2013 to 2018, India was the world's fastest-growing significant economy, outperforming China. Historically, India was the biggest economy on the planet for the vast majority of the two centuries from the first until the nineteenth century.India is gaining traction, fueled by a recovery in industrial output and growth in core sectors, as well as relatively focused government initiatives and policies. While the economy is reviving as a result of the fading effects of the third wave and a rapid vaccination drive, some of the most distressed sectors are gradually gaining momentum.

How Digital Technologies Are Shaping Cognitive Development

“The arrival of the tech world makes life easier for humans? The technological progress for the populations makes their task seamless and moving.”

Technology is meant to aid man for better or for worse and no doubt society gives it a purpose. It has always been at man's disposal, from the moment he picked up the first tool to aid him in his duty to where he is today with all the progress he has made. Now the world has improved beyond expectation as a result of the symbiotic union of society and technology, but there is still untapped potential for growth in the future, particularly in the field of digital technology. In 2022, $4,360 billion was spent worldwide on the technology. Advancement in digital technology continues to permeate every aspect of our lives. The invention of the computer and ENIAC in 1946 sparked a digital revolution in society that is still ongoing and expanding information highways such as the Internet and the web, digital technology has made our world more accessible. We have reinvented the way we interact and communicate with emails, conference calls, and social media apps, among other things, thanks to it. Digitization in the education sector has improved the lives of students and teachers. With advanced machinery and innovations introduced to the health industry, it has saved thousands upon thousands of lives.

How E-Commerce Will Change in 2022 and Beyond

“The online market has had a strategic shift ever since the outbreak of Covid. The industry grabbed the highest market share in contrast with the past times.”

We've learned over the last few years that things can change in instant, changes we thought would take years to prepare for, behaviours we thought we'd stick to forever, and expectations we have of ourselves and the organisations. This holds true for the way we live, work, and shop and buy as consumers. In the year 2021, as per to a survey thousands of consumers since the pandemic's inception, discovered that 80 percent of consumers are changing their shopping habits, 60% are now visiting stores less frequently than before the pandemic, and 43 percent are shopping online for products they would have previously purchased in stores. One of the major effects of Covid-19 was the establishment of E-commerce businesses, and now for many of us, geographical location is no longer an issue as long as we have the internet access. The concept of E-Commerce platform not only allowed consumers to move away from urban areas in order to live a happy & serene life, but also provided the flexibility to trade as well.

How Effective Branding strategies help International Businesses for Long-Term Growth

“The IOT tactics enables businesses to easily build niche segments. Emergence of digital era makes the firm ease in handling transactions.”

Only a few successful businesses required effective branding strategies prior to the internet. These were the biggest names in business, with global operations and employees all over the world. Coca-Cola is one such company. For decades, the beverage corporation has catered to a global customer base, tailoring advertising, distribution, and pricing to each market while adhering to its global brand strategy of sharing happiness. Fast forward to the 2000s, and most businesses are global from the beginning. Anyone can create an online business presence, whether it's a one-page website, an e-commerce store, or a social media profile, thanks to the internet. Companies of all sizes can launch global marketing campaigns and attract more customers without dedicated marketing teams with reasonable budgets and marketing creativity. It's essential to create a deliberate global brand strategy before executing marketing campaigns. A solid strategy increases your chances of connecting with your target market and converting prospects to customers.

Layoffs Not The Key To Resolve Talent Crunch In SouthEast Asia

“Layoffs are not a smart option as the workforce is the organization's most productive factor. The executives should reconsider their decision.”

Although the world is on the brink of a talent crisis, business leaders are seemingly unaware of the challenges ahead. Across the region's economies, we demonstrate the many places where people work, from micro and small firms to large corporations, and how they work, from self-employment to wage dependence. Our description of demography and the supply of and demand for labour and human capital, including critical characteristics and dynamic trends, also shows how East Asia countries differ from other regions and how East Asia Pacific economies vary substantially from one another. They are, instead, focusing on technology at the expense of their people. In reality, the lack of skilled workers needed to drive business strategy could be the defining issue of the age, threatening the GDP of nations as well as the profitability of organizations.

Significance Of Corporate Team Building Activities

“Let it be any complex task, the effective team can handle the situation strategically and finish it off on time. “

Team building for organizational development as it is because team building enhances the efficiency and effectiveness of teamwork to fulfill organizational performance. The process by which differences among the team members are ironed out through sectional solutions to misunderstandings to enhance the smooth, efficient, and smooth operation of systems to meet predetermined goals and objectives of the organization. Team building is one of the practical development tools to maximize the potential of employees in the organization. It involves collaborative work where employees work together to achieve predetermined goals and objectives. It has enhanced performance and created a strong employee bond to optimize productivity. When a group of diverse individuals together to form a team, challenges such as communication and relationship issues can result. A team's dynamic and complex nature calls for a strong and decisive leader for guidance. It involves taking time to evaluate potential challenges of team development and create ways to solve them.

Rishi Sunak Appointed As UK Prime Minister, Here's What World Leaders Have To Say

“The journey from Downing Street to the parliament  .”

Rishi Sunak, the current conservative party leader was also the former chancellor of the exchequer and chief secretary to the treasury. He is the first non-white person to ascend the position of prime minister and also the first to profess a faith other than Christianity.

Sunak was first elected as an MP in 2015 and spent two years on the backbenches, during which Brexit dominated the political agenda. Sunak supported leaving the EU during the 2016 referendum.

He subsequently became a junior minister in former Prime Minister Theresa May's government. It was another former Prime Minister Boris Johnson who gave Sunak his first major government role when he first appointed him as the Chief Secretary to the Treasury in 2019, and as the Chancellor in 2020.

Many world leaders offered their congratulations and expressed hope for stability after a "turbulent" few weeks.

How can an outsourced CFO be a low-cost solution for small businesses?

“The cost-effective strategy for the organization to enhance their long term goals.”

With the ever growing ease of doing business and investors seeking fast growth, a lot of services have to be ready from the get go to meet the demands. Outsourcing has been a factor for businesses for a long time where they hire specialized services instead of developing an in-house team, the benefits of outsourcing are endless, and did you know? Even financial services can be outsourced. Companies outsource many functions in today’s economy, including accounting, payroll, IT, and marketing. However, many business owners don’t realize they can outsource their company’s finance functions.

Why ESG is a must factor for investors and businesses?

“The environmental Social& Governance(ESG) is an imitative that should be adhered for ethical business standards.”

The first goal on the list of any business is to have strong growth and good profitability, this has been the de-facto rule for ages, but in the relentless pursuit of profitability the externalities produced by the companies have yielded more harm than good for the planet and this strong drive for monetary profit won’t sustain the ecosystem for long, changes have to be made if a better world is to be left for the future, there is no better time than now to do ethical sustainable business and support responsible ESG(Environment, Social and Governance) for the future.

When a company adopts ESG principles, its corporate strategy is centred on the three pillars of environment, social responsibility, and good governance. This entails taking action to lessen waste production, pollution, and CO2 output. Additionally, it entails having an inclusive and diverse workforce, from entry-level employees on up to the board of directors. ESG may be expensive and time-consuming to implement, but it can also pay off in the long run for those who see it through.

A Prerequisite For A Successful Business - Market Research

“The crucial factor to establish the necessity of a sustainable business.”

Entering a new business environment could be a challenging task. After the organization decides to propel, the next step is to perform market research. How well-developed the market is will determine if the business will succeed or fail. The demographics, psychographics, and target market of the selected category.

The majority of businesses in this day and age continue to use research methodology in order to succeed in a more competitive market. Hardly any businesses may fail in it, and this may be due to the inefficient method of conducting it. In general, investigations into the new or current situation are essential to ensuring that the company is operating in a stable way. Why market research is critical and how it can be a deciding element for a business.