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Through the years, we have witnessed an explosion of eoconomic reforms and technology innovations at all leves in response to the change global landscape as well as demand of the citizen.



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Dear Valued Customers, Partners and Friend s,

        

Long time no see,

 

Through the years, we have witnessed an explosion of eoconomic reforms and technology innovations at all leves in response to the change global landscape as well as demand of the citizen.



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Long time no see,

 

Through the years, we have witnessed an explosion of eoconomic reforms and technology innovations at all leves in response to the change global landscape as well as demand of the citizen.



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Through the years, we have witnessed an explosion of eoconomic reforms and technology innovations at all leves in response to the change global landscape as well as demand of the citizen.



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As competition has intensified recently, keeping the lead over the competition doesn’t mean having the best products, or lowest prices. Instead, successful companies are closely tied to an organization’s ability to recognize shifts in the market landscape and its capacity to respond by adapting quickly.


Historically, sustaining market leadership was based on having superior products, the low-est prices or the best people. However, this is no longer the case. Although these factors are still important, in the digital business era, keeping the lead over competition is more closely tied to anorganization’s ability to recognize shifts in the market landscape and its capacity to respond byadapting quickly.

In fact, this has always been true, but changes in market leadership used to take decades.

For example, in the 1970s and 1980s, Walmart completely transformed the retail vertical by rede-fining supply chain and inventory management, and it’s now one of the largest companies in the world.
However, today Amazon is disrupting Walmart by reinventing how customers purchase andreceive goods as well as the way retailers interact with buyers. As a response to Amazon, Walmart recently acquired Jet.com to better compete for online business, using Jet.com’s inherent digital methods to augment its own online shopping experience. 

What make a chage like this?


Digital technologies are transforming industry

Digital transformation is the application of technology to build new business models or pro-cesses by leveraging the convergence of people, business and things. Digital advancements arecreating new product and service opportunities as well as transforming business operations, which enables companies to improve customer service, generate more revenue, lower costs and achieve higher levels of efficiency to gain an advantage over their competitors. 


Digital Technologies for Digital Transformation, there are unlimited possibilities with billions of people conneced by mobile devices, with unprecediented processing power, sotrage capcity, and access to knowledge.


Emerging technology breakthoroughs in field such as aftificial intelligence, robotics, the internnet of Things, autonomous vehicles, 3D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing transform industry.

In recent dada, there are 6.4billion data-communicating objects in the world today, by 2020, this number is forcast to explode to around 20billion. And thorough these technologies, the World Economic Forum identfied a $100 trillion opportunity for both industry and society.


Maybe, I think we meet a fundmental change in our world.


Paul Turner, BSI Global Certification Expert, said" We are in the 4th Industrial Revolution movement", and Murat, Sonmez, Member fo the World Economic Forum Managing Board and Head of the new center, said: " The Fourth Industrial Revolution is reshaping industries, challenging existing regulatory frameworks and redefining what it means to be a human",  " We need to urgently develop policy norms and frameworks and apply these innovations to ensure their benefits affect us all".


Yes, these are not simple matter.


The Strong Leadership to Broaden Support for Digital transformation

In times like these where global trade recedes and growth slows, the world needs strong leadership to evade protectionist populism and carry through transformative reformation.

Strong leadership also means explaining how trade, investment and innovation have improved incomes and livelihoods , and created jobs rather than removed them, and must make the international system work better.

However, near-term Strong Leadership prospects are limited. Once the champion of a rule based system, the United States's trade policies are changing long-acceptd rules of international trade.


The world is more integrated than ever before and policy needs catch up. This calls for an integrated approach, nationally and internationally, to make the whole system more free, and open.

This is the reason why our world needs strong leadership, and -becase we are in the 4th industrial Revolution movement-neet to urgnetly develop policy norms.

The key hurdle to achiving these integrated approach is President Trump's trade policies and political thension Asia's large trading economies, notably Korea, China, Japan. Forging ahead with a chnage of these would enable our world to shape the future digital transformation.


Is this easy? Oh, nobody knows.


But what is clear is that every time we try it, we gets better.

And whether it's a success or failure isn't as important as understanding that over the years, we have been learning from failures — improving and, thereby, increasing Unprecedented innovation to all of us.


It is high time to need a strong leadership more than ever.


Anyway, we never can tell what life is going to bring us,  I only wish you the best of business!


Anyway, we never can tell what life is going to bring us,  I only wish you the best of business!

출처: http://selnix.tistory.com/?page=2 [SELNIX]
Anyway, we never can tell what life is going to bring us,  I only wish you the best of business!

출처: http://selnix.tistory.com/?page=2 [SELNIX]
Anyway, we never can tell what life is going to bring us,  I only wish you the best of business!

출처: http://selnix.tistory.com/?page=2 [SELNIX]

                  - To be continued

                With Compliments

                  Your True Friend SELNIX

Kim Kyeong-Hwan
CEO/President
klion2000@selnix.com
SUNGHAN ELECTRONIS Co.Ltd



Related Articles:


*DIGITALTRANSFORMATION:https://www.vonage.com/assets/documents/digital-transformation.pdf

*The Concept of a ‘Digital Economy’http://www.odec.org.uk/2013/09/02/the-concept-of-a-digital-economy//20171109/87183667/1#csidxf9c141903ca9901ba04181cf7c36d2a

*OECD Digital Economy Outlook 2017:http://www.oecd-ilibrary.org/science-and-technology/oecd-digital-economy-outlook-2017_9789264276284-en

*2017 Seoul International Conference on Trade and Inductry

-The future global trading architecture:Asian solution to rising protection, Peter A.PETER, Brandeis University

-The Global Trade Landscape and Prospects:Implications for Inclusive Growth, Robert B.Kooman, World Trade Organization

-The World Trade System Under Stress... and What the Big4 Traders Can Do About It, Jeffrey J. SCHOTT, Peterson Institute for International Economics

-Ways for International Cooperation to Spread the Spirit of Free Trade, Sangjin LEE,Deputy Minister for Trade Negotiations, Ministry of Trade, Industry and Energy

-Making Trade Worksfor all, Mari KIVINIEMI, Deputy Secretary-General, Organization for Economic Cooperation and Development

-Ways for Countries to Collaborate to Broaden Support for Free, ames CHOI, Ambassador, Embassy of Australia in Korea

-Ways for Countries to Collaborate to Broaden Support for Free Trade, Michael REITERER, Ambassador, Delegation of the European Union to the Republic of Korea

*http://zum.com/?af=gt#!/v=2&tab=home&p=0&cm=newsbox&news=0032017120341846320

*McMaster: Potential for War with NKorea 'Increasing Every Day':https://www.newsmax.com/newsfront/mcmaster-north-korea-war/2017/12/02/id/829485/

posted by SELNIX