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Home / Innovation /
Top Ten Opportunity Trends for the
Corporate Sector of the Muslim World
| Rafi-uddin Shikoh
Posted October 7, 2006 |
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Peter Drucker, the legendary management consultant who recently passed away, said this about innovation:
"Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service. It is capable of being presented as a discipline, capable of being learned, capable of being practiced. Entrepreneurs need to search purposefully for the sources of innovation, the changes and their symptoms that indicate opportunities for successful innovation."
The above quote from Mr. Druckers 1985 book, Innovation & Entrepreneurship, remains the most important strategy of the most innovative companies of our times, both start-ups that have captured our imaginations (Google, Ebay, Amazon, etc.) and the established companies who are able to innovate year after year (GE, IBM, Proctor & Gamble etc.)
So what are some of the biggest emerging Opportunity Trends for the business leaders of today?
DinarStandard, presents here ten trends that it believes provide the greatest opportunities for the corporate sector in the Muslim world to attain market leading positions locally, regionally, and even globally.
These ten trends fall under the broad categories of MacroEconomic, Demographic, Social, Management, and Science and Technology trends. Some of the trends are relevant to business leaders worldwide, whereas some are specific to the Muslim world environment.
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Copyright, DinarStandard 2006 |
The purpose is to identify key opportunity trends shaping the corporate landscape in the 57 OIC (Organization of the Islamic Conference) member countries over the medium-term (5-10 years). Although trends that can be considered threats form an important part of future strategy, the following analysis focuses specifically on new opportunities
Companies who recognize these trends and adapt strategies to aggressively take advantage of these trends will be best positioned to succeed in the global marketplace.
The above is a DinarStandard point-of-view. Their are many opportunity trends that were short listed, but many either did not filter up to the list based on the trends relevance to the DinarStandard audience, or are covered under some of the broad categories listed above.
About
DinarStandardT
DinarStandardT is a
business strategy resource
providing actionable insights for businesses in the Muslim world to succeed regionally and globally. Its anchor report, DS100, the Top 100 Businesses of the Muslim World, has become a key competitiveness benchmark. In addition, the publication provides authoritative analysis, expert views, success stories and rankings/lists on topics of business innovation, leadership/ management, finance, marketing/ PR, technology and the Muslim Lifestyle Market?.
Please share your feedback on these trends.
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