2017 Trends That Will Have a Significant Impact on Industries

The trends of business and industry change with time. Every year brings new technologies that help in improving the industries and makes them more efficient. The successful companies always manage to observe the future trends which may have an effect on the performance of industries. To stay ahead of your contemporaries, it is essential that you can estimate the new factors that are going to influence your industry.

Here are some of the trends that will play a significant role in the success of the industry in 2017.

Focusing on connecting with customers:

The economy today is known as the connection economy, and in this type of economy, a value is created by building relationships and connections. Building assets by industrialism have lost its importance in the modern economy. The most valuable companies focus on connecting the buyer with the sellers or creating a relationship between consumer and content. Nowadays selling the product and receiving revenues is not the only important thing because the customers now seek to connect with other individuals who are like minded and it helps in creating more value in the longer run. If you want to build something that is durable it is necessary to establish a connection with the customers. It is also important to invest in resources that extend beyond the sales of products.

Embracing the millennials instead of complaining about them:

About eighty million people living in this world are in their twenties. This group is often known as millennials, and they now form the largest segment of employees and customers. They are also known to be the biggest part of business owners. It is important that the companies start giving importance to the millennials because this group wants to work for businesses that they can make them proud, and they want to spend money on the products of companies that show concern towards them. The companies should start focusing on this group because they will fill the gap created by the boomers. They are going to be a dominant force when it comes to filling the empty positions, so it is important for companies to pay them due respect and attention.

The companies may need to change their approach while hiring millennials. They want to see the clear vision of growth of industry and their role in it. They will have aspirations to perform beyond their current skills. By sharing how you can help your employees in developing and polishing their skills, you will be able to attract more talent.

Investing in mentoring and engagement for remote employees:

Businesses are looking forward to making use of telecommuting strategies; it often results in ignoring the development and training of the employees. The best companies will make sure that they teach electronic tools, monitor it and mentor the team members and the physical location should not be a hurdle. The tools will make sure that the team members can learn and get on-demand support whether it is a strategy, sales tactics or technical strategy.

Development in a career often leads to more engagement from employees. It will also drive improvement in hiring millennials who value polishing the skills. It will not just help in learning but will also provide tools for verifying concepts. Thy will also assist in reporting on the progress for validating the investment.

Focusing on strength-based instead of remedial leadership:

For several years, the employees' reviews were used for discussing the deficiencies and assisting the employees in overcoming the weaknesses. The new trend is focusing on the strength-based leaderships. Employees and more productive and engaged when they are working on something that they have an interest in. It is important to recognize the strengths so that you can take advantage and produce the best results.

Extension in value of services:

Delivering a product or service will help in entering you in the commodity game. It offers a better alternative for providing products. It is a much more efficient and faster method. The quality of service is critical for the success of the business. The consumers will always prefer the companies which can offer better services. The top companies are putting a lot of effort in encouraging the clients to trust faceless vendors. It offers new and better services. Expanding the business online is very useful for the success of the company. It allows you to reach a larger audience and advertise throughout the globe. It is important to have a product or a service that is readily available to the customers so they can easily avail it.

These are some of the latest trends which are going to play a significant role in shaping the industries.


 By Emma Miah


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