• PGP in New Age Banking
    Co-created with Imarticus Learning
    4.8 out of 5 by 669 learners
    4x Industry Demand
  • POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    4.8 out of 6071 learners
    2x industry demand
  • MBA in Investment Banking
    Co-created with Jain University
    4.5 out of 5 by467 learners
    2x industry demand
  • MBA in Fintech
    Co-created with Jain University
    4.4 out of 5 by 349 learners
    2x industry demand
  • MBA (Distance) in Banking and Finance with NGASCE
    Co-created with NMIMS
    4.7 out of 5 by 669 learners
    4x Industry Demand
  • Post Graduate Program in Banking and Credit Underwriting
    4.7 out of 5 by 1376 learners
    12 X industry demand
  • Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    4.9 out of 5 by 238 learners
    14 X industry demand
  • Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    4.6 out of 5 by 1421 learners
    6X industry demand
  • Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    4.6 out of 5 by 1139 learners
    4X industry demand
  • PGP in Banking and Wealth Management
    4.6 out of 5 by 1429 learners
    3X industry demand

Keeping up with time is an important aspect of any business model. This change becomes significantly more important during this current age of connectivity and digitalization that has come along with the internet. Over the past decade or so, many changes have affected companies and brands and made them restructure specific processes within their organizations.

So, how have businesses adapted to changes in the social, economic, and attitudinal spheres within their organizational structures and business models? Let us find out!

Social Changes

Of course, in the last decade, many social issues have plagued different brands and companies. However, one of the most critical aspects of such issues has been the debate about climate change. Despite being a topic kept on the back burner for the first decade of the 21st century, climate change has been at the forefront of social issues in the last decade.

Companies have adopted policies that are beneficial to the environment. One such instance could be Apple deciding not to add chargers in their iPhone packaging in a bid to reduce the carbon footprint. Many corporations have also focused on sustainability and reusability of resources. For example, companies like ITC have taken major strides by planting trees and using eco-friendly methods of production in recent years.

More importance has also been given to issues like providing healthcare and insurance for employees.

Economic Changes

The distribution of wealth has been a significant issue for companies around the world. Equal pay has been prioritized in many places, while the concept of universal basic wages has also been floated. While some companies have complied with the idea of equal pay for equal work, there is still a long way to go.

The economic front has been quite treacherous for organizations. Many have pointed out that the companies are still taking advantage of the free market mechanism to rob the poor. This had led to an increased call for heavier taxation on the wealthiest members of our society. However, on the brighter side, countries like India have given many tax exemptions to start-ups and small businesses so that they can grow into something bigger.

Business models have also changed based on the economic needs in the last decade. Online marketplaces are slowly replacing physical stores, with many companies focusing on selling their products exclusively on e-commerce websites.

Attitudinal Changes

Overall, there has been a shift in the attitude of organizations, and this has been reflected in their business models. New start-ups are thriving when they collaborate with other companies. Even the biggest organizations have started to interact socially and work together.

The COVID-19 pandemic saw an unprecedented number of companies cooperating in order to sail through rough waters. An example of this would be the Twitter handle of Burger King (United Kingdom) asking its followers to also buy from McDonald’s, KFC, and other places. This was an appeal to save the jobs of the people working at these places. Such gestures go a long way with the general public.

Companies have also implemented policies of humanizing their customer services. Clients can easily interact with representatives of organizations on social media if they have any problems.

Diversity, inclusion, and safety following certain racial issues and the #metoo movement have shaped the business and workplace model of many corporations and institutions. Changes are part of evolution, and organizations and businesses are no exception. Thus, it is safe to say that more such changes will occur in the coming years.

best online BBA CoursesIf you are interested in learning more about effective business models, you can take BBA online courses. These BBA online courses let you take BBA online classes.

Once you have successfully completed BBA online classes, and online BBA certification is conferred on you.

For professionals, taking online BBA certifications is the best way to learn more about the changes in the business models around the world.

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • Placement Program
    PGP in New Age Banking
    Co-created with Imarticus Learning
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    8th Jan 2022 Live Instructor - Led Training Online
    Date Location Schedule
  • Finance
    POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 6071 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    Live Instructor - Led Training Online
    Date Location Schedule
  • Recent Graduates
    MBA in Investment Banking
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by467 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Recent Graduates
    MBA in Fintech
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.4 out of 5 by 349 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Placement Program
    MBA (Distance) in Banking and Finance with NGASCE
    Co-created with NMIMS
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    8th Jan 2022 Live Instructor - Led Training Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program in Banking and Credit Underwriting
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 1376 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available MUMBAI Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.9 out of 5 by 238 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    None DELHI Online
    Date Location Schedule
  • Certification
    Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    Course duration(Months)
    3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1421 learners
    6X industry demand
    Upcoming Batches
    Date Location Schedule
    27th November Live Instructor - Led Training Online
    Date Location Schedule
  • PRODEGREE
    Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    Course duration(Months)
    3
    Upcoming batches
    2
    Organizations enrolled
    20
    4.6 out of 5 by 1139 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    13th February ONLINE Weekend
    Date Location Schedule
    29th May ONLINE Weekend
  • Post Graduation
    PGP in Banking and Wealth Management
    Course duration(Months)
    2-3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1429 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    21st October CHENNAI Weekday
    Date Location Schedule