Radical strategies may be required in today’s 24/7 society

Groucutt, Jonathan

doi:10.1108/08944310510557792

Cited by 2 publications

(2 citation statements)

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“…It is a means of critically reviewing the business within its current position. Moreover, the company must consider its implementation, on a regular basis, to gain a realistic understanding of changing environmental circumstances (Groucutt, 2005).…”

Section: Swotmentioning

confidence: 99%

The value of seeking strategic direction in ensuring a future pattern of “realistic” growth potential

Groucutt¹

2007

Business Strategy Series

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PurposeBy using the internet search engine Google™ as the primary example, this article illustrates: (1) that some high‐growth expectations are unsustainable over the short and medium term; and (2) that dependency on single revenue streams may provide growth over the short term, but may not be sustainable over the medium and longer terms, and may be a high‐risk scenario. An approach is presented that companies can undertake to critically evaluate current and future positions and consider such options as acquisition and integration as a means of building future growth potential.Design/methodology/approachSecondary research based on the analysis of published data.FindingsDependency on one revenue stream within a volatile market can impact upon growth expectations. Hyper‐growth expectations may be unsustainable, indeed unrealistic, over the medium term. Such growth expectations may be detrimental to the company. Companies who can spread the risk through acquisition and integration through strategic fit may have greater longer‐term growth potential, notwithstanding market and environmental dynamics.Research limitations/implicationsFuture opportunities for research could include, among other areas, how Google™ and similar online companies could use currently free products to generate revenues.Practical implicationsCompanies need to consider the volatility of the marketplace. Dependency on one revenue stream could be a high‐risk scenario, especially in relation to sustainable high growth expectations. Companies also need to consider various strategic options for sustainable longer‐term growth, and continually critically review both internal and external environments, as well as product ranges and revenue streams. Companies should take action to sustain growth, whether that is through new market development, acquisition or even divestment.Originality/valueWhile being flexible companies need to consider a realistic strategic direction for the business. Companies also need to consider realistic growth rates as compared to hyper‐growth expectations that are unlikely to be sustainable over the medium and longer term.

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Section: Swotmentioning

confidence: 99%

The value of seeking strategic direction in ensuring a future pattern of “realistic” growth potential

Groucutt¹

2007

Business Strategy Series

Self Cite

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“…one of the consequences of the emergence of a 24-hour society (Moore-Ede, 1993;Presser, 2003;Groucutt, 2005). In USA, customers have enjoyed 24-hour shopping since 1980s but "Europe is only just waking up to the prospect and the UK is leading the way" through late night opening and Sunday trading (Freathy and Sparks, 1995;Cochrane, 1999).…”

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confidence: 99%

Non Standard Work Practices and Its Impact on Children Development, Family Functioning and Health and Safety Concerns in a 24/7 Economy

Pudaruth

Juwaheer

Nunkoo

et al. 2017

Studies in Business and Economics

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Abstract:This main purpose of the study is to investigate upon the impact of non-standard work practices on children development, family functioning and employees' health and safety concerns in a 24/7 Economy. This paper reviews the concept of 24/7 economy and explores the impact of non-standard work practices. A survey instrument is administered to 400 householders of Mauritius and the questionnaires were further processed and analysed with the statistical programme SPSS 20, by using descriptive and inferential analysis. The results of the findings have demonstrated that changes in children development and family functioning and employees' health and safety concerns highly impact on the householders. The evidence of numerous associations from the present research have shown that 24/7 economy will give rise to pollution. Indeed, children will be affected by lack of parental time and employees might suffer from health issues with the 24/7 culture. The present research fills the significant gaps in the literature review by generating an integrative functioning framework of the 24/7 economy for island economies.

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Radical strategies may be required in today’s 24/7 society

Cited by 2 publications

References 0 publications

The value of seeking strategic direction in ensuring a future pattern of “realistic” growth potential

The value of seeking strategic direction in ensuring a future pattern of “realistic” growth potential

Non Standard Work Practices and Its Impact on Children Development, Family Functioning and Health and Safety Concerns in a 24/7 Economy

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