Businesses that have successfully pivoted to new or related ventures during the pandemic are employing the same skills that have made them thrive before the pandemic- creative thinking in spotting opportunities, moving to exploit them with agility and passion and often, clever use of social media. Many have also relied on old clients and supportive relations with banks.
The new coronavirus pandemic is boosting the demand for telemedicine, defined as an exchange of medical information using telecommunications- in Nigeria and all over the world. It allows doctors to advise, educate and monitor their clients or patients while they are in their homes or offices using technology such as video-conferencing applications, E-mail, phone calls or private online portals.
One of the common reasons small businesses fail is the inadequate management of their people, processes and other activities required to achieve the vision of the organization. The effective interplay between these factors is what determines the strength of a business.
We are in a digital world where DATA is referred to as “the new oil” because of its economic power; just as OIL was in the industrial age. With data, business owners can now make more informed decisions regarding their customers, processes, platforms and people. The ability to collect, process and analyse data effectively is one of the reasons big tech companies like Google, Facebook, Amazon, Apple and Microsoft continue to thrive in today’s world
