About JamaicaBeachProperty.Com.JM

Colin Scott VP of Special projects at Worldwide Realtors Company Limited owners of the GetJamaica.Com Network of websites expand on the idea of the company and its role as an Electronic business model. Every business needs to have a strategy and this strategy must be related to changing environmental conditions. In order to survive and maintain growth and expansion top management must protect the business from potentially harmful influences, and be ready to take maximum advantage of the challenges and opportunities presented. While top management must always accept the need for innovation, there is still the decision as to which opportunities it wishes to develop in relation to its resources and those it chooses not to pursue. An effective business strategy depends upon the successful management of opportunities and risks.

Scott suggests that strategy should be based on the priority of maximizing opportunities, and that risks should be viewed not as grounds of action but as limitations on action points out that while it is not possible to ensure that the right opportunities are chosen, it is certain that the right opportunities will not be selected unless:
• the focus is on maximizing opportunities rather than on minimizing risks;
• major opportunities are scrutinized collectively and in respect of their characteristics rather than singly and in isolation;
• opportunities and risks are understood in terms of the appropriateness of their fit to a particular business; and
• a balance is struck between immediate and easy opportunities for improvement, and more difficult, long-range opportunities for innovation and changing the character of the business, if the business is to be successful then its organization structure must be related to its objectives and to its strategy. The structure must be designed so as to be appropriate to environmental influences, the continued development of the business, and the management of opportunities and risks. According to Stern, with the fast-changing world and competitive environment it becomes harder for leaders to distinguish between threats and opportunities, and between risks and rewards.

Advances in information technology and the internet mean that organizations have to embrace successful c-commerce and &business strategies. According to Scott:
Quite simply, it affects business strategy. It is an input to business strategy as well as an output. The internet, mobile communications, and future media present both threats and opportunities. So business strategy that ignores how technology is changing markets, competition, and processes is a process for the old economy, not the new economy. Thai is what ‘e-everything’ is about.

Scott points out that in order to operate within the new macro-economic environment, organizations have to seriously consider the arrival of the new economy and strategies. They have to embrace c-business in order to deal with the complexity of the new business environment. Apart from scenario planning, e-businesses also have to focus special attention on recruiting and retaining staff. It is important to keep up with competitors and not to become complacent about adopting e-business. Scott maintains that in an e-business model is important because it:
• makes it possible for information to be shared more quickly and easily;
• facilitates human interaction;
• enables organizational resources and capabilities to stretch strategically;
• provides global reach in marketing;
• allows consumers to shop 24 hours a day from any location; and
• promotes economic growth.