Business Week Article Example | Topics and Well Written Essays - 500 words

Business Week - Article ExampleThese kinds of sessions are particularly important when a company is gathered to seek an edge over its counterparts in a rather expanding business. Such sessions supplement the essential steps of decision making, particularly in gathering data and coming up with ideas that can possibly be implemented. Extreme brainstorming sessions entail nearly all the essential steps of decision-making, with particular influence on information gathering and analysis steps. In terms of electronic business, where prices keep plummeting down with unrelenting advancements in technology with each passing day, businesses can only(prenominal) tackle their rivals by fulfilling the needs of customers at lower prices. Business related to electronics is highly versatile, hence it requires creative ideas and in-depth understanding of customers to meet their needs and beat the competition. topper Buy has serious competitors like Newegg and Circuit City and therefore, such sessi ons are highly critical to a companys decision making mental process if it is to mark its name against its competitors.Such sessions would give rise to further creative ideas coming up from employees because people belonging to the same sector and similar expertise would constantly turn up with diversified views of situations, hence these kinds of sessions involve enormous collaboration between employees of similar discipline. In addition to this, having a strong confiscate with people and sharing of ideas would culminate in supplementary creative thoughts springing up for the business. Irrefutably, businesses such as that of electronics are always at an imminent threat by the competitive world. A slight advancement would leave behind all the old technology therefore, it requires an acute sense and better understanding of technological changes to bring through in electronics retailing business. For this reason, sessions such as these would