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!

DIFFERENCES BETWEEN OLD AND NEW BUSINESS STRATEGIES

Changing times need changing of strategies. Today¶s business strategies and processes are far different from old
ones. Here are the most noticeable differences between old and new business strategies.

2Ê Today¶s business decisions are more customer oriented while traditional decisions are company oriented.
2Ê Today¶s strategies and plans are more data-driven while old ones are opinion driven.
2Ê Today¶s businesses are run on sophisticated systems while old ones include so much manual works.
2Ê evelopment of science & technology helped today¶s businesses to predict near future and to look for
long-term goals, while old businesses were mostly run on short-term decisions.
2Ê !ew businesses focus on implementing small changes effectively while old businesses look for big
sudden drastic changes.
2Ê Today¶s businesses close weak points and eliminate wastes swiftly while old businesses tolerate them.
2Ê Today¶s businesses look for continuous improvement opportunities, while old ones changes after terms.
2Ê ¢etter collaboration between departments and team is the one other main feature of new businesses.
 2Ê ¢etter employee participation in day to day business decisions and customer socializing is also noticeable
with modern business strategies.
2Ê þhile old business managers try to manage their employees by imposing decisions, new managers only
guide/lead them to make right decisions
Ê