Innovative Business Management Practices for Competitive Advantage in a Globalized Economy
Keywords:
Business Management, Competitive Advantage, Globalized Economy, Innovative Practices, Agile Management, Digital transformation, Sustainable Practices, Cross-Cultural Competencies, Strategic AlliancesAbstract
In an increasingly globalized economy, businesses are constantly seeking innovative management practices that provide a competitive edge. This paper explores the strategies and practices that enable organizations to thrive in a complex, interconnected global market. Emphasis is placed on agile management, digital transformation, and the integration of sustainable practices as key components of a competitive strategy. Through a review of recent case studies and theoretical frameworks, this study highlights the role of technology in streamlining operations, enhancing customer experiences, and fostering organizational adaptability. Furthermore, it investigates how cross-cultural competencies and strategic alliances facilitate market penetration and sustainable growth. This research underscores the importance of embracing innovation and flexibility in management practices to remain resilient and adaptive in a volatile global business environment.
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Copyright (c) 2024 THOKA HARITHA (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
