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They must identify their weaknesses and refocus their goals. The companies’ actions, whether it is expanding a product line, reducing operating costs, replacing key players or taking measures to grow the customer base and increase customer loyalty and trust, must be quick and contingency plans should be in place.
With the business culture today, many companies are expanding their business globally, which requires new technology and constant upgrades to remain competitive. Businesses such as Global Communications must evaluate the needs of all stakeholders, including shareholders, employees and consumers when developing a business solution for the future within today’s culture...
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