Question
How can I reply to the following peer post and follow it up with a question? Good Evening, Organizations can create more value for stakeholders
How can I reply to the following peer post and follow it up with a question?
Good Evening,
Organizations can create more value for stakeholders by continuing to expand its customer base. Stagnation leads to reduced value over time. Organizations need to strive to continually innovate and expand to keep the value on a steady upward slope. For example, Apple continually innovates and creates newer versions of products to replace the older ones. Older products tend to generally work fine but eventually you would peak in sales of a particular product. The new features and designs are what keep the customers interested. Additionally, organizations can invest in research and development. Innovations and advancements here will be expensive in the short term but valuable in the long term.
Unfortunately, I think the world is moving more towards a Naftastique world with the addition of the English-speaking countries as well. The fragmentation with the international economic world is prevalent. Clashes with large economies such as China and Russia are pushing us in a self-sufficient direction over increasing trade globally. We are at at difficult stage in world politics and economics. I believe this is a very difficult time for an organization to prepare for the future. If the world becomes more Naftastique then logic would say to domesticate your suppliers to avoid future issues. If the global economy remains strong and more nations are granted access to it, then surely organizations must diversify their suppliers and invest in developing international partners. The current wars and crises are important to pay attention to and see the secondary and tertiary effects of the outcomes. The world is in a precarious position and global powers are vying for control and influence in a way we have never seen
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