As the world tries to recover from the global financial crisis with a global GDP growth rate of 2.4%, still there are dangers that are lurking beneath the surface for which nations need to be careful. It is important that there isn’t in any policy paralysis and the developing countries especially India and China continue to grow over 5 percent annually. The global economy still remains vulnerable due to the rising global interest rates and the potential volatility in capital flows, especially since the United States Federal Reserve Bank has begun to withdraw its massive monetary stimulus.
Given the global situation, Innovative Financial Advisors Pvt. Ltd. understands it is important for an organization to keep up with the global business trends. Research is one key factor that drives growth in a multi-faceted economy. In order to tackle the challenges of a globalised economy and continuous research is definitely required to match up to the global standards. Innovative Financial Advisors Pvt. Ltd. believes that innovation is the driver of growth and prosperity and organizations that don’t encourage innovation are not sustainable in the long run. In today’s globalised world, there is an information technology revolution that is spurring innovation. It allows creation of unique business models, helps break sterotype and facilitates access to global markets and enhance revenue generation. Thereby fades away the traditional borders for products, services and labourers across the world.
Globalization has created mutual dependence of economies. It is expected that as the rich economies will start growing at a faster rate, the exports from the developing nations is likely to increase in the years to come. This also means normalization of policies leading to reduction of capital inflows for the developing countries. This might again lead few developing countries into crisis. Also, market integration leads to increase in competitiveness and it becomes tough for smaller organizations to survive. Keeping all this in mind, Innovative Financial Advisors Pvt. Ltd. believes that the organizations especially in developing countries need to think of venturing into newer markets and the sustainability aspects. Sustainability of an organization is related to how an organization adopts to the changing global scenario. Consumer interest and trust also plays a crucial role in determining an organization’s sustainability. Therefore, in depth analysis is required to ensure organizational growth and sustainability in today’s globalized world.
Innovative Financial Advisors Pvt. Ltd.