Changing Business Models
The ABA Banking Journal website reported that more than nine out of ten U.S. companies are changing business models to meet customer demands, embrace and leverage disruptive technologies, and remain competitive in the global business landscape, according to KPMG LLP research. A survey of executives from more than 900 U.S.-based multinational companies found 93% of respondents indicating that their organizations are changing business models. Companies today face unprecedented challenges to develop operating models that can help them respond to and translate current marketplace pressures into competitive advantages.
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