The evolving nature of business ecosystem around the world is experiencing development of a different kind. Business initiatives are increasingly linked to technology developments and inventions to realize larger strategic and operational goals. Innovations in digital technology have reshaped global trade and improved economic models with deep influence on how businesses foresee, deliver and evolve.
The unification and integration of technologies have liberated a new thinking and their outcome on how businesses function and advance in digital world as economic movement are changing – integrating international trade, creating new connected markets, offering new goods and services, developing new set of business frameworks. The rise of digital technologies will continue to transform global trade architecture that will define economic ecosystem of the future.
In traditional trade countries were dependent on domestic supply, demand, production and consumption for economic movement and growth.
In today’s interdependent and interconnected ecosystem the economic models have evolved into creating a strong relationship of inclusive around the globe for economic advancement and furthering the cause of development for larger benefit.
Information technology, advanced communication, industrial development and international market have opened up great potential for global trade and services.
Responsible alliances, global fraternities, strong world relations along with efficient, competent and professional industries are valuable for creating reliable economic ecosystem. Together, the international leadership model – affirms inclusive; encourages innovation, industry and infrastructure; broadens business and trade; supports responsible production and consumption; improves equality among developed and developing nations; maximizes demographic utilization; strengthens global trade, market growth and investment.
The international leadership capability maturity model are impressively enlightening; and, encouraging leaders around the world to work together for a brighter future. How we make sense of these things is a matter of idealizing the future. As is the view so is the world. The world is on the move.
Global Trade Services and Solutions
In business as in technology ability to innovate is vital. The outcome of digital technology led developments are incredible – deeply changing the way people live, work and relate to one another. To understand better digital innovations by definition have changed the functioning of business ecosystem. International trade and global markets are becoming increasingly integrated; movement of goods and services have become round-the-clock and just-in-time; a number of countries are experiencing global trade, improved infrastructure, increased investments, better civic and social standards; as a result, holding great economic value for developed and developing nations.
While a number of factors affect international trade; creating efficient domestic markets and with nations round the world demand instituting firm trade regulations, responsible commerce guidelines, competent industry standards, fair market practices, effective code of conduct and good administration; often justified measure in national and international trade to deliver wide-ranging economic development benefits.
Arising from the wave of digitization; innovative use of technologies are essential in creating and managing global trade relevant technology infrastructure along with strong global regulatory framework for streamlining, operating and auditing to control irregularities of business operations.
The functioning of international business operations may be different, though; a way to ease contextual complexities and create integrated ecosystem of global trade and services is to modernize trade processes and procedures; implement global and cross-border trade management system; institutionalize valuable trade engagements, trade preferences, industry specific free trade zones, regional economic areas; and most relevantly improvise operating standards for efficient global markets and international trade.
The movement of goods and services throughout borders and between countries are subjected to compliance, customs and risk management. Trade related information such as details of products and services, participating traders, freight forwarders, logistics service providers, regulatory agencies, financial institutes etc. as-is the prevailing trade procedure required to be presented and exchanged throughout the fulfillment process. Systematic management of these information flow and electronic exchange of trade related data creates transparent transactions, effective implementation of regulations, eases business conduct, synchronizes flow of data across the system, reinforces legitimate movement and cost-effectiveness, improves efficiency of controls and administration processes, further facilitates accurate traceability for audits. Most visibly a great level of reliability and simplicity can be achieved through technologies – system level enforcement of processes, procedures and practices; business level enforcement of conduct, standards and regulations – serving as a promising means to deal with operational challenges ensuring fair and responsible trade ecosystem.
SAP Global Trade Services provides efficient and effective way of managing global trade operations with wide-ranging functions and features simplifying fulfillment of complex international trade.
The feasibility to architect integrated trade scenarios – ability to streamline processes; generate transparent transactions; structure, create, store, communicate and administer trade relevant content, document and reporting; conduct import and export customs in real-time round-the-clock around the globe; comply local, regional and international trade regulations. There is already an ongoing shift in the use of innovative information technologies for reliable and just-in-time movement of goods and services. This could transform the way national and international trade being conducted.
The integrated architecture GTS-ERP provides real-time visibility of sales, distribution, procurement, logistics and delivery of goods and services in compliance with international trade regulations, regional customs procedures, embargo checks, screening transactions, import and export controls at various levels with a strong master data management.
The capability to integrate with wide-ranging enterprise systems, customs systems and regulatory systems for cross-border movement of goods and services is a demonstration of its functional strength and architectural ability – Figure 1: highlights functions, features, processes, software units and representative architecture of system landscape from a technical perspective. The integrated business scenario provides unique capabilities in handling global trade operations facilitating compliance, customs and risk management.
The flexibility of modelling country and region specific trade regulations is a distinctive function in global trade services. The integration capability delivers various country specific customs procedures and certified interfaces for direct communication with customs authority and govt. agency technology infrastructure to generate transparent transactions, legitimate movement of goods and services, authorized information exchange supporting traceability for audits.
The solution features classification of products, services and commerce control lists based on international standards, wide-ranging content based rules-of-origin, preferential trade arrangements, free trade agreements and regional trade initiatives; along with well-built methods for document management and electronic compliance reporting.
GTS is built on strong, scalable and advanced technology platform. The system architecture, solution landscape and software units are determined based on business scenarios and specific process definitions.
Compliance management facilitates real-time screening, checks and releases for any sanctions, prohibitions and restrictions on global trade, master data, transactions based on rules along with import and export controls. Reviews can be conducted through workflows and electronic audit trails for right resolutions. This ensures trade transactions are reliable and in-line with global trade regulations reducing compliance risks and adherence to commerce guidelines; avoiding non-compliance penalties, time-consuming manual tasks and unnecessary waits in customs clearance; while delivering best possible services to customers across the globe.
Customs management simplifies foreign trade, cross-border movement, import and export controls; manage regional customs procedures; content and document management; conformity to global trade regulations; customs warehousing; inward-outward processing reliefs; authorization and control of transit procedures; submission of trade data and documents as well as communication with trading participants and customs authorities; integration of customs managed technology infrastructure through certified interfaces. The customs features makes it simpler for electronic reporting; electronic import and export information exchange; customs duty calculation, payments, fees, taxes; expediting customs clearance and reconciliations; while providing good implementation and professional services around the world.
Risk management provides simple and dynamic functions for preference trade, credit processing and restitution into efficiently managed competences; accurately administering content based rules-of-origin for regular and configurable bill-of-materials in preferential trade to determine goods eligible for competitive advantage in customs duty; inbound and outbound long-term vendor declarations; conduct financial checks for any irregularities and expedite transactions in international trade; exporters can manage export authorizations, securities, manufacturer’s recipes and reimbursement calculations based on the standard export process, respectively; while making commitment to delivering the finest services to clients throughout the world.
Evolving national and international economic ecosystem compels businesses to think differently and evaluate their environment, functioning capabilities, operational practices and strategic direction to build innovative industry model. This serves a threefold purpose – to widen the view; to visualize a model; and to strategize for better future. This level of thinking empowers leaders to be free from stereotypical view of boxed perceptions and tapered mind-set to opening-up long-term aspirations and their relevance in the larger context of value – Figure 2: the distinctive model articulates a strategic outlook; objective and subjective wisdom; understanding of aspirational future; and their better points of value.
Evidently strategic operations are industry specific – their structural composition and interdependence could vary and differ from one industry to another; therefore, each industry requirements, its functioning environment, their interconnection with complementary industries and resulting effects ought to be understood in its totality.
For example information technology industry is characterized by digital innovations and continuously changing technology landscape. The scope and scale of transformation is much faster and so for every few years the industry moves to a new technical standards and technology framework. As the industry moves and so is its ecosystem and functioning resources leading to a whole new business standards.
The most distinct digital trend is emerging in mobiles; hand-held devices; electronic gadgets; and in related ecosystem. The industries are realizing the gateways of future arising from billions of citizens connected through mobile devices providing immediate access to a whole new digital world. The proliferation of leading-edge mobile devices, advanced communication technologies and internet have made it possible seamless movement of data; unified flow of content; immediate processing and exchange of information around the world. The technical patterns that characterized markets earlier have become obsolete; the things by which corporations now operate have fundamentally changed for the better.
Inclusive digital future is not just about accessibility and neither is limited to connectivity; but in immeasurable possibilities to shape business and economic benefits in energizing global ecosystem while empowering citizen. The evolving nature of developments in new technologies and improving technical standards have led to new digital models. Innovations have even empowered individuals in tackling societal challenges. Traditional businesses are now increasingly conducting their operations world-wide through e-commerce using mobile and hand-held devices. The digital identity will be a defining innovation – safe authenticity, privacy of personal data, secure transactions and strong intellectual protection – are essential in e-commerce; and for that matter, in almost every facet of our day-to-day lives.
The reach and influence of these developments and fusion of technologies have led to metaphorical transformation across industries – software, hardware, firmware and services – to create a whole new business world. These new business operating transformations will have cascading effect in relevant interconnected industries; and have shown the way to new cross-industry ecosystem development and distribution of economic value – a thumb rule of such cross-collaborative industries ought to be efficient, competent and growing. In almost every domain, digital technologies have improved the ability to achieve things that have never been thought before.
To show; new technologies and technical standards may influence high-tech manufacturing industries to modernize and align their production processes, operating practices and professional services. This in turn will have irrevocable movement, distribution and consumption patterns owing to evolving nature of industries and standards as they become better. As a result, these developments will lead to creation of new digital business models while contributing to economic value, development and growth.
To see things from the larger context of economic development initiatives; i.e. a level above the implementation of global trade services gives a better understanding of interconnection and interdependence. Instead of looking at implementation in isolation the need to look at how the many parts interact to form a coherent whole leads to a better understanding.
The digital resurrection and evolving economic models need to be understood together in confluence; and the way in which they have affirmative influence on – how value is created and distributed across economic operations in an increasingly interconnected and interdependent global ecosystem. The global trade lets countries to innovate, specialize, produce and market their products and services worldwide; as a result yields economies of scale while maximizing demographic utilization effectively contributing to global economic development. The global value activities throughout sourcing, production, distribution and consumption have been defined by the inflows and outflows of value-addition around the world. These encouraging developments could lead to a new global agenda affirming greater confidence among the developed and developing nations in national and international economic benefits.
Firms of all sizes and shapes are looking at realizing global economic value in response to digital innovations; structural changes in ecosystem; competitive compositions in input and output costs; improvements in international trade; and opening-up of global markets. The importance of global trade as a determinant for development, investment, growth and in delivering economic value around the world will require mutual and valuable engagements; alliances and collaboration among the participants as well as respective govt. focused on facilitation; and practical measures in furthering efficient global markets.
While working on systematic trade reforms linked to their performance and eventual transformation across industries; there needs to be a strong focus on raising each industry to a certain level of standards and competitiveness – national, regional and international; before operating effectively in global markets. In doing so; address industry specific subject matters and their contextual global issues; such as fair and competitive regulations, availability and affordability of economic infrastructure, simplifying processes and procedures, removal of unnecessary red-tape, fostering professional culture, initiatives for innovations and digital technology, disciplined improvements in trade facilitation, ease of conducting business and sustainability of natural resources.
In recognition of these advancements; need to understand the national and international industry compositions and re-work each of the constituents into a whole new global ecosystem. What it indicates is the confluence of vision and decisive things to be done to articulate a strategic direction, plan of action to respond more effectively and then prioritize trade transformations, implement firm strategy and definite steps in resolving to realize the real economic value; furthering the cause to improve living standards, better macro-economic stability; build a global agenda to engage and shape the future. There is an important role for institutions to determine and encourage promising outcomes.
On global economic integration the canvas is bigger and better; so requires greater resolve of engagement in global initiative from the developed and developing countries to transform aspirations into a systematic implementation for value realization. These efforts to reshape industries and integrate with the global markets demand far greater responsiveness, mutual commitment and reliability in govt. leadership and business leaders alike.
This is essential because it highlights inclusion focused outlook of innovation and to consent that development and diffusion of digital technologies across the ecosystem has a shared vision; and that every stakeholder can apply these principles and guidelines along the value realization stages. The new development philosophy rises above the triviality to shoulder responsibility in their influence on economic systems and to realize the vision of digital economy through a distinctive model.
The value of evolving models and digital innovations as means to achieve economic objectives is unquestionably promising. The architects of the system must be conscious of such righteous outlooks while planning; and that, the digital technologies are not mere tools; but rather in many different ways reflect and influences the values and principles.
Excellence In Economic Ecosystem
Business leaders need to see things from economic ecosystem perspective. Instead of looking at global trade services implementation from a technical point of view look at how implementation interacts in the bigger context of industry initiatives, changing business scenarios, technology advances, global markets and international trade – Figure 3: the model of excellence outlines a metaphoric economic ecosystem to its value realization as it relates to global trade services.
Implementation of global trade services as information technology solution to efficiently manage national and international business operations serves the purpose far better than the most in market.
There are interconnections and interdependence in global ecosystem with far reaching influence on industry movement and development. Building global economic connectivity is essential. Economic connectivity – economic infrastructure connecting each stage of value addition throughout ecosystem around the world – is one of the most decisive moves in value differentiation.
For example; a simple online sales order may have direct and indirect effect around the world on resources, configurable bill-of-materials, workforce, production, distribution, logistics, delivery, information technology and support; therefore, it is a matter of inclusive development and collective well-being; though the degree of improvement, economic welfare and value of outcome as a measure of transformation can be contextualized.
The govt. economic initiatives to create efficient and competent industries will have subsequent effect in relevant markets. These initiatives could be trade reforms for better economic growth; new and improved regulatory structures for the digital economy; trade guidelines and best practices to raise competitiveness of industries; industry specific incentive structures to elevate and encourage better development; investments in economic infrastructure enabling technology and global trade relations.
The receptive of these initiatives among industries may vary from one to another depending on projected benefits of initiatives. In economic welfare industries must be open and responsive to take just measures and kick-off definitive initiatives. These may include industry specific investments in areas that promise high economic value; cross industry collaboration for maximizing resource and demographic utilization; promoting digital infrastructure; improving and developing competent industry capabilities; market development and measures to expand; strengthening digital guidelines and services; architecting and implementing global trade relevant technology infrastructure; ease of conducting business and commerce; industry standards and ethical business practices; developing future workforce for digital economy.
The industry specific measures could change business scenarios and might as well result corrections in how businesses engage trade. These adjustments could include restructuring management specific organization and measures; re-engineering processes for productivity and reliability; govt. initiatives and industry alliances in preparing global standards and benchmarks; re-configuring systems, services and practices; movement of trends and continuous professional development; re-working competitiveness for global markets; rolling-out technology infrastructure to better manage business operations; study of outcome, trends and feedback to measure trade responsiveness and results to strategy.
The govt. initiatives, subsequent industry receptiveness and following business responsiveness will result in institutionalization shaping new economic ecosystem. The measure of new economic models and institutionalization are raising industry standards, efficiency and competitiveness; inclusive development and growth; improved principles of code and conduct; integrated global ecosystem and economic value; recognition and distribution of economic benefits; affirmation of economic advancement and improved living standards; digital innovation as a determinant in shaping future and evolving models; decisively fostering a culture of excellence and value differentiation.
What is to be realized as a goal of transformative initiatives across each industry and as well economic welfare and benefits must be thoroughly developed; through understanding on different outlooks. Differential value realization is a continuous process though value addition takes place at each stage of the initiatives. Therefore, each initiative can have its own blueprint with goals – include, integrate, innovate and inspire for continuous improvement.
The global trade services integrates an ecosystem and creates a synchronized in-time flow of information across the system modelling a methodical, transparent and responsive technological solution to manage complex national and international trade activities. The initiatives from the govt. and resulting industry’s trade reforms, performance and transformation have a direct bearing on development and growth of the ecosystem.
One thing that endures farther than any other is the need for good leadership and a disciplined working team to rely in developing future ecosystem. In the world of simplicity it’s easy to misplace purpose especially when large scale transformative initiatives are in question. Often transformative initiatives depend on the context in which they are elicited and on institutions that have formed interpretive frameworks through which individuals see the world.
Institutional strength is vital in initiatives and implementation. Institutional leaders have to be resolute, responsible and meritorious – on barriers to realizing industry and economic value; obstructions to development and growth; overcoming inhibitors to transformational benefits. These must be addressed midst wide-range of institutions with right measures and timely interventions at national and international level. Institutional framework ideally should be in synchronization with pace of development and global changes taking place around the world. It is essential to work together – align, support and accelerate efforts in institutional framework that will lead to empowered economic benefits. The purpose is to bring together relevant stakeholders under the right stewardship and respective institutions to make sense of the complexity so to identify and take just actions and resolutions for rightful economic benefits.
Engage institutions and leadership around a shared vision and a distinctive central framework in development and implementation through a structure for long-term direction. The economic realization and shared vision perspective makes it simpler and straightforward to understand its importance rather seeking the perfectly just. In this line of vision the institutional responsibilities important as they are have to be viewed and valued in the broader context and inclusivity among economic groups; which are inevitably linked to a nation’s development and advancement; and its relevance in the world stage at large.
In recent years a distinct global trend is emerging on the need for digital models. The idea of digital has come a long way since bits and bytes. Digitization is transforming global business landscape at an unparalleled pace shaping the future of digital economy. There are immeasurable opportunities for realizing value presented by the digital innovations. The digital ecosystems have opened-up an entirely a new set of industries while re-molding the existing and along the way raising economic standards.
As a result; new kind of innovative digital ecosystem is being created comprising of digital start-ups; e-commerce portals; online marketplaces; advanced digital technology enabled manufacturing and services; greater collaboration among traditional businesses to scale operations through digital initiatives; working together with academia, businesses, institutes and citizen alike in planning digital initiatives. This inventiveness of things happening around the world is what required for govt. and industry to respond more effectively; develop strategies for mutual understanding and exchange of ideas; practical applicability of digital technologies and promising digital investments; early adoption of digital trends and exploring innovative digital solutions.
A majority of large organizations and traditional businesses around the world recognize importance of digital innovations for competitive edge. New digital innovations and their practical usage; digital technologies and its proliferation in business operations for efficiency provide tremendous opportunities. These developments have induced a new matured thinking, a learning curve and its merit in spending time to understand the most relevant and proven model with distinct benefits.
Evolving digital models have shown positive momentum worldwide and optimism in value realization encouraging development and growth; therefore, the importance of digital strategy. In doing so; avoid unscrupulous speculations, irregularities in operations, unnecessary marketplaces, clear-off bad practices; besides misleading market perceptions. Good models aplenty around the world and there are far better practices to benchmark. There is a compelling motive to step-up investments in improving competitiveness and build-up solidarity at global level to devise a digital future.
These positive developments must be followed-up to set the stage for disciplined understanding, discussion of ideas, engagement around collective agenda and issues that stem from reshaping the future. This requires responsible leaders with an institutionalized reflection on new ways of showing means to achieving right outcomes and in delivering inclusive economic benefits. These measures are absolute imperative for countries seeking to prepare their workforce for the opportunities and challenges likely to be presented by the digital innovations. Investments essentially influence economic development at global, regional and national levels affecting the strength and nature of trade and services; therefore, continue to be the dominant focus of innovation and development efforts in most countries.
Industry-led initiatives could pave the way for change and can have a direct relevance in building efficient industries. This could be achieved by futuristic initiatives at various levels – regional, national and international – maturity and strength of the industry competencies; trade regulatory framework; simple yet well-defined tax structures; fair trade standards and good practices; firming-up digital technology infrastructure and their ability to detect, monitor, mitigate and prevent irregularities of business operations; along the way, steadily raising the industry competitiveness to national and international level.
These measures will have promising outcomes that reach well afar cynical challenges in addressing macro-economic directives, industry specific requirements and more broadly managing differing expectations; acting as a force multiplier for change. It is important to hold an open discussion in exploring innovative solutions between the govt. and industry-led initiatives as well as public-private partnerships to realize the potential of digital economy among the developed and emerging markets around the world.
A series of trends in worldwide economy are influencing global trade services. The juxtaposition of influence may differ by geography, demographics, industry and integration of global markets; reflecting the movement of trends; and to refine main influences in exploring range of outcomes. The global contexts in which companies operate are experiencing metaphorical changes blurring physical boundaries and creating new ecosystem lead by digital technologies. The contexts itself are changing faster than in the past and have become variables triggering constant evaluation. Just as navigation guide us to find directions and move around; a set of economic ecosystem scenarios articulating ideas and their influence may illustrate different ways of getting at the future.
This kind of thinking provides a top-down methodology of where these influences will likely have the greatest impact. The purpose is to build a firm agenda and evaluate impending influences of trends and developments on evolution projected to bring new outlooks and responsible choices. The next step is to define right responses in each kind while recognizing specific configurations and degree of possible transformation and value differentiation. The central focus should be consensus and consent while addressing conflicts and differing expectations; diplomatic resolutions where possible and collaborative guidelines to develop specific strategies to identify top-down and bottom-up initiatives to model.
The knowledge and understanding of these global market trends, industry movements, demographic shifts, macro-economic measures and effective deployment of digital technologies will guide in planning new innovative initiatives. The initiatives will need to be custom-made to specific geography, region and country based on the contextual configurations; different ways in different parts of the world. The following pictorial representation – Figure 4: affirms a distinctive model from multi-dimensional perspective outlining different alignments and specific measures to focus on big picture by working down to its integral components in conceptualizing development as a systematic and disciplined methodology addressing welfare and benefits across each facet of the economic levels.
The goal of this dependable model is to lead and envision a strong guiding framework in providing a strategic direction engaging wide-range of institutes, stakeholders and citizens in developing an inclusive agenda; administering initiatives, investment, innovation and collaboration towards a common purpose; and that to build a better future; along the way making sure that the benefits are fairly and widely delivered. Inclusive agenda is at the forefront of development and making it quite clear that this is a no-nonsense model. The characteristic distinction in implementation of initiatives is mobilizing right resources, building momentum and working together to inspire a long-term vision and achieve greater value.
To simplify vision of the model; the guiding framework differentiates a contextual representation and organizes the initiatives, relevant strategies, well-defined actions and expected outcomes across the ecosystem. The initiatives are a combination of concepts, ideas, trends and aspirations seeking to inspire shared vision, better results and stand-up to its well-being – re-modelling the way in which individuals, institutions, industries and govt. interact – holding unique ability and achievable outcomes in a way to do things for the global good.
This kind of modelling and thinking to work by reducing the initiatives down to its integral components provide a balancing outlook by getting to understand the interconnections and interdependence of ecosystem as interacting components that form transformation and evolve in time. This inherently disciplined methodology with objective reasoning and firm resolutions provide the ability to bring clarity and vision.
The contextual views presented in illustration are not comprehensive in scope and scale. Though, it provides a starting point to experiment with different combination of ideas to move around in building a guiding framework and to develop national and international vision and its practical implementation. While outlining the big picture, strategic and operational focus should be on initiatives, investments, and implementations with clearly identified benefits as a step to improve confidence in democratic values and commitment to shaping a better future.
Identifying and engaging right audience is quite imperative in initiatives. Each initiative as distinctive as they are with their envisioned benefits should ideally have a clear engagement strategy and plan of action. Active involvement is important for success of initiatives and continuous improvement. The role and responsibility of institutes are critical in implementation and distribution of benefits. Institutes will need to have an accurate understanding and long-term perspective of where these initiatives can create real value but also to constructively focus on financing and investments for right value.
For example, at initiative blueprint level relevant institutional participation is central in conceptualizing the big picture; defining scope and scalability; developing goals, benefits and outcome; convincing commitment, funding and implementation plan. Therefore, improve institutional leadership and working team; make institutes more open, transparent and responsive for better results and maximizing value. Encourage citizen to actively participate in betterment of systems and services.
There could be number of challenges and contextual complexities in managing these transitions. To lead and command a team towards aspiring vision is lot more than management often maneuvering through negativity indifferent to virtues of resolutions. It’s easy to misplace goals in pointless matters and their reprehensible representation. Therefore, the model values should be understood in the context of their elicitation. The clarity created is vital to engage in informed discussions and debates along the way easing their discontentment and making them understand which aspects of complexity are important.
For example, complexity is relative in its contextual relevance and subjective in its outcome as a result. Research reveals there are widespread practices of superficial congeniality. Therefore, speculative reasoning and conjecturing for false propaganda holds no merit; such things are unnecessary and irrelevant. Honest self-assessments could be of benefit to a wide variety of stakeholders. To be introspective provides opportunity to reflect and hold responsible. Rising to the challenge of inclusive and rightful economic development will require leadership at national and international level. The will and commitment of leadership right from top-down is unquestionable.
Good leaders bring maturity and multi-dimensional perspective to any given subject matter with distinct understanding of business fundamentals and their functioning complexities; rising objective reasoning on business issues and concerns offering right resolutions; articulating contextual business responsibilities and simplifying with affirmative value propositions; detailed study of scope, challenges and goals in drafting a clear and conclusive implementation plan with compelling management objectives, solutions and benefits. However, markets are far from perfect; there are inefficiencies in global economy; there are unproductive sections in marketplaces; there are fake portrayals in surveys and research. Therefore; stay clear-off from unnecessary market speculations and misleading representation. There are far better things to develop an idea of the future. Experiences, in personal and professional; teaches us the values of hardship, disciplines character, matures wisdom, strengthens endurance and inspires modesty. Providing this clarity and reflectivity is essential.
To make a positive difference; teamwork, result and professionalism are must. Value teamwork with committed leadership and reliable team; be fair and responsible; treat everyone with respect; work together to go beyond individual limits; act with individual integrity and collective competence. Inspire a sense of hope and strengthen diplomatic resolutions in dealing with circumstantial challenges and conflicts. Diplomacy is about will of the leaders; and can only go so far on the affirmation, as far as the willingness merits it to be. Promote a culture of purpose, aspirations and commitment to rise in defining and delivering development value; and always make good on impression.
The changes taking place today are faster and more wide-ranging than the earlier and affect all aspects of personal and professional life. Look at digital trends from a different angle; in digital world the lines become blurred and the digital technologies can bridge the geographic barriers fundamentally reshaping the global business models and can complement in leading greater value. While bench-marking worldwide trends in modelling far-reaching development; recognize the need to focus on most relevant and convincingly measurable ones with long-term perspective. The fact of the matter is the international leadership capability maturity model has shown the way forward and new digital innovations have greater influence in shaping the future raising a new set of strategic choices related to value. These choices deal with how value is conceptualized, developed and distributed around the development ecosystem – Figure 5: distinctive model envisaging new level of development movement to build a better future.
This is not an exercise in retooling that skeptical may harbor about the economic models and we need to be willing to change things. It is about challenging every assumption, status-quo, stereotypes for better outcomes and ultimately creating model for the future – leading through multi-dimensional methodology engaging top-down and bottom-up strategy affirming ability to overwhelm people with unity and integrity; commitment and teamwork; resilience and reliability.
The distinctive model has been re-engineered to create impact. The distinction comes from maturity and experience; wisdom and vision; in inclusive development as viewed from most common to the billions of aspirations across economic groups. The will and determination of leadership articulates well planned goals for development aligning administration and institutions around a shared vision linked to national and global agenda to create and achieve a better future. These inclusive development goals then are projected through a time-line continuously monitoring movement and refining strategies for decisive guidance and better results; and for a major change in the way good things are delivered.
From top-down innovating distinctive development model – building leadership and competent team; developing strategic deployment plan for better results at greater value; rising the standards of functioning systems and services; devising simple but compelling ways of serving people and adding value to the ecosystem; building and improving relations with nations around the world, international institutions and global leaders. The strengthening faith in top-down strategy is maturity model for good leadership and committed team; administrative efficiency and transparency; institutional solidarity and collaboration; democratic ideals and the spirit of federalism. These codes are backed into maturity model; as a result, becoming central to all aspects of govt. holding affirmative believes. Quest to fulfilling the aspirations of people are the willing philosophy of determination. The collective endeavors and unity in a way indicates the confluence of determined efforts to transform economic ecosystem from working in parts into high performance engines in development, creating value and a better future.
From bottom-up architecting development – administration and strategy of economic ecosystem; developing civic facilities and modernizing economic infrastructure; rising standards, competencies and professional culture. The encouraging theme for bottom-up strategy is responsible and responsive management and implementation; meritorious standards and practices; workforce development and continuous improvement; deployment of innovative technology to build a digital foundation for good govt. This would be a major change; and movement will require long-term view, investment, leadership and competent team. The digital foundation will enable far-reaching visibility, greater transparency and administrative efficiency strengthening integrity of the ecosystem; thereby improving the value of the model.
The world stage can be a lot better with good leaders. Responsible leadership from the highest levels would be vital in building a development model. Rise above superficiality. Develop dependable relations; affirm mutual development and economic well-being. Sense of purpose on how to balance inclusive development and differing expectations with fairness may be essential for sustainable means of development. Building a better inclusive future and to model the best possible outcome is demanding yet continuous improvement process. Explore every avenue and options to make sure global leadership capability maturity model has the resources and flexibility to maximize their potential in the years to come. There is a stronger need to strive and make every effort in developing a distinctive model affirming ideals and values of high standards; together, elevating the whole economic ecosystem to innovative level.