In the spheres of entrepreneurship and investment, leverage is a concept that refers to how an organization can obtain new assets for either start-up or business growth. To keep up with the rapid changes dominating the modern commercial world, we’re sharing several ways you can leverage your various business activities.
Leveraging Diversity And Inclusion
A major change over time in commerce is the intensive campaigning for a more diverse and inclusive workplace. By implementing a well-thought-out strategy to create a more diverse work staff, businesses can ultimately encourage the inflow of creative ideas to produce better products and services. The German multinational BASF is a prime example of companies that have leveraged D&I to benefit their business and their employees.
Leveraging Technology
Following the outbreak of the coronavirus pandemic, companies worldwide have allowed their employees to work from home. To swiftly respond to these changes in the business environment, your business should utilize the technology at hand. The use of programs such as VPN, Microsoft Teams, and cloud technology has proven to encourage productivity and collaboration amongst employees.
Leveraging Outsourcing
Another change that has taken over the world of work is that of outsourcing certain business operations. Many IT companies leverage this opportunity by outsourcing software development to developing East European economies such as Ukraine or Poland. This helps the companies to save costs while improving their business performance.
