publication . Article . 2007

New Economy And Global Challenge: Winning Model Of Successful Small Business Organizations

Mirjana Radovic Markovic;
Open Access
  • Published: 01 Jan 2007 Journal: Montenegrin Journal of Economics, volume 3, issue 6, pages 121-130
Abstract
The old principles no longer work in the age of Globalization. Businesses have reached the old model's limits with respect to complexity and speed. The real problem is a ruinously dysfunctional mismatch between today's business environment and the classic business model. Namely, the wrong model may transform a company into the vehicle of its own death. Great shifts - genuine and radical transformation- have been shaping the economy and business environment in recent decades. Technology, especially information and communication one, has radically altered the requirements for building and managing a successful business. In this new business climate, although the b...
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