How did COVID-19 Change Society COVID-19 has changed many things. From how we live, as well as safety precautions, to how businesses operate. Within businesses, organization and delegation of resources is necessary to thrive in this new environment. So with COVID-19 changing so many safety regulations as well as how things are run, how exactly is it changing new entrepreneurs in their organization and delegation of their resources? One significant shift, in my opinion, is that businesses have incorporated new technologies that allow them to save money by enabling certain workers to work in the office while others continue to work remotely. Working remotely has cut cost in the need of a lot of office space. Therefore, it lowers the cost of real estate and overall cost of the business. This money can be used to hire more people, go for a marketing campaign, and much more. Another point, in my opinion, is that businesses must prioritize what is needed more of. Due to the impacts of COVID-19, health and safety regulations is mandatory. However, it is also costly to do depending on the policies they implement. Things such as requiring all employees to be vaccinated may take a long and expensive process to do. A lot of workers do not want to go back to the office because of the risk of infecting their families with this virus. It is also more comfortable to work at your place of rest. According to the website McKinsey Website, People require a sense of belonging as well as a desire to be a part of something bigger than themselves. Organizations that create a strong identity that meets employees' needs for connection, social cohesion, purpose, and meaning will gain an advantage over firms that only focus on revenue. The objective is to utilize the value agenda to concentrate the organization's activities and inculcate in every employee a sense of what truly counts. People also have to be resourceful in order for fall back on just in case another "COVID-19 pandemic" happens. Source: Smet, A. D., Gagnon, C., & Mygatt, E. (2021, March 1). Organizing for the future: Nine keys to becoming a future-ready company. McKinsey & Company. Retrieved November 12, 2021, from https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/organizing-for-the-future-nine-keys-to-becoming-a-future-ready-company.
What is a Start Up? A startup is a firm that is still in the early stages of development and is looking for a lucrative business model that can scale up quickly as demand for the product rises. However how does that differ to a more established corporation job? The biggest major difference between working for a startup and working for a bigger, more established organization is the rate at which things change. Stability between Start Ups and Corporate Jobs According to a statistic found by Bousaleh, it states in the Wall Street Journal, “Only about half of all businesses make it to their fifth birthday. Even fewer children live into adolescence or adulthood, according to the Bureau of Labor Statistics.” In short, long-term employment may not be as stable as working for a well-established firm if you are searching for stability. You may lose your job as soon as you find it due to a multitude of issues associated with startup failures. Great goods and ideas aren't enough to assure success in the fast-paced and ever-changing world of startups, making steady jobs tough to come by. Well-established firms, on the other hand, are more stable due to their larger financial reserves, among other factors. Roles and Responsibilities Despite being hired for a specific purpose, wearing many hats is the norm in the startup world, as positions and responsibilities are constantly shifting. If you are willing to try new things and have a thirst for knowledge while venturing outside of your comfort zone, you will thrive in the start up environment. Well-established firms, on the other hand, have clearly defined roles and obligations for each team member in order to help them flourish in their industry. This provides employees with a more organized path for growth, with new hires beginning their journey by participating in well-defined training and mentorship programs. These will aid students in sharpening their skill sets and broadening their knowledge in a specific and specific manner. Conclusion With technology always evolving every year, companies will constantly blossom and fall due to their ability to adapt. People may flutter to different environments that suit to their needs. I personally love the Start Up scene but I know many others that prefer the perks of being in Corporate. In the end, it is up to you in what you feel can hone your skills as well as make you feel the best. So what do you all think; The Start Up Life or the Corporate Life? Source: Bousaleh, F. (2020, March 3). The How-To: Choosing Between A Job At A Startup Or A Corporate. Entrepreneur. https://www.entrepreneur.com/article/346985
Role of a Business Analyst Every job may have a set of clearly defined tasks. This is not the case, however, with a Business Analyst. A position as a Business Analyst can be found at all levels of a company. As a result, a BA must do a variety of jobs. They may be required to function as a facilitator, project communicator, or change agent, depending on the project's requirements. Companies are increasingly valuing the services of business analysts and project managers. Now you may ask, "Why?" These are the key players who can offer guidance on best practices to help firms grow and make money. Source: https://www.congruentsoft.com/business-intelligence.aspx The Future State of Business Analysts As WalkMeBlog says, "In the coming years, the job market for Business Analysts appears to be increasing. Top companies, such as IBM, are increasing their investments in business research since it assists them in achieving their objectives."
In addition, BA is one of the highest-paying careers available. There appears to be no going back once you've decided to become a business analyst. The need for business analysts is predicted to increase by 19% over the next 5-6 years. Because a BA is a techno-functional position, he or she may quickly advance up the corporate ladder. The BA is in charge of a wide range of responsibilities. It can help you achieve financial security, professional advancement, and a fulfilling job all at once. Source: Team, W. (2021, May 12). 3 Trends That Will Define the Future of the Business Analyst Role. WalkMe Blog. https://blog.walkme.com/business-analyst/ |
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