Post
Topic
Board Economics
Re: Digital Economy
by
Dewi Aries
on 21/11/2024, 20:26:52 UTC

Or should i say they will be outdated and non productive if they are not on the internet. Any business that refuses to adapt to the new Tech will late incur the roght of setback. As the world is evolving with new tech, we should also be able to embrace it or choose to follow a lonely or outdated pattern. I could see so many businesses people who has remain stagnant over some decades now and it's as a result of the inability to embrace new tech. But however there may still be people who does better even without the internet facility, but they are likely to be few.
Following the development of the times is something that must be done by everyone, including in the business world, including digital business. I agree that a business will go bankrupt if they do not follow the flow of development.
Some time ago in my country, many people complained because their sales decreased drastically due to the existence of e-commerce or online shops. Well, this is an example of where when we do not follow the development of the times, then we will also be dominated by the times.
Like it or not, we must continue to adapt to any situation and we must always be in a condition that is always ready for the changes of the times.

The example you gave is correct, my friend, the point is when we cannot balance ourselves to keep up with the times, then of course we will be left behind or experience a decline in any aspect, one of which is that the competition is now very tight, namely in the business world, so actually even though we have succeeded in building a business in the sense that it is already running and has generated profits, it does not mean that the situation will continue to be like that.

Basically we have to be aware that there are many competitors out there who may be smarter or who have prepared everything much more maturely than us, this is a big challenge for a businessman in the sense that if you really want your business to continue running or maybe grow faster then inevitably the first thing you have to do is conduct market research to find out which ones are more in demand by many people such as creating a more accessible space for potential customers such as the online store mentioned above or other things. The point is being smart is not enough in business but you also need to be smart.