WWW.THEENTERPRISEWORLD.COM | APAC EDITION | NOVEMBER 2023
6Reasons
Why Expats Need MAIL SERVICES
How did WALMART become a powerhouse in the retail industry?
Exploring the Wonders of a Central American Gem COSTA RICA
SHINYA MOTOHASHI Co-Founder and EVP
ENTERPRISING COMPANIES Of The Year
EDGEMATRIX Inc THE POWER OF VIDEO EDGE AI IN ACTION!
SUBSCRIBE
CASE STUDIES READ MORE From brands like Tesla to Coca-Cola, get the in-depth analysis of their brand strategies, competition and much more in the Case Studies section of The Enterprise World
UPSHOT METROS READ MORE New York to Mumbai, wander the cities with The Enterprise World's this special section. Know everything you need to know about metro cities of the world.
PRESS RELEASE READ MORE Get exclusive insights about The Enterprise World's monthly magazines and other news in this Press Release Section.
VIDEO INTERVIEWS READ MORE Access The Enterprise World's special video interviews with the most visionary and innovative leaders around the globe in our Video Interviews section.
How about showcasing your products to 150,000+ C-suite Subscribers? To get recent updates of our magazines
SUBSCRIBE US info@theenterpriseworld.com
From Editor’s Desk
I
n today's dynamic business landscape, enterprising companies are serving as dual catalysts, propelling economic growth and delivering invaluable services to their clients. These forward-thinking organizations are not just profit-driven; they are committed to innovation and efficiency. By harnessing cutting-edge technologies, embracing sustainability, and fostering a culture of innovation, these companies generate jobs, stimulate local and global economies, and ensure that their clients receive services that go beyond the ordinary. This symbiotic relationship between economic expansion and customer satisfaction highlights the transformative power of enterprising firms, which serve as engines of prosperity and progress in an ever-evolving world. Featuring for The Enterprise World’s this issue of Enterprising Companies of the Year are the stories of such companies. For the cover read aboutThe company was founded on April 26, 2019 and is based in Tokyo. Some of its major shareholders are NTT Communications Corporation and Shimizu Corporation.
EDGEMATRIX Inc. is a company that provides a deployment platform for implementing “video edge AI” in the field. Video edge AI is a technology that processes large amounts of data from camera images with AI at the edge (the site). EDGEMATRIX’s products and services are widely used in social infrastructure such as roads, large parking lots, railways, rivers, coasts, remote islands, and large-scale facilities to warn of abnormalities and dangers and increase safety, and to analyze the flow of people such as congestion and increase efficiency and economy. flowprofiler® was launched in the UK in 2019. It was born from a fascination with personal excellence in the workplace and an ideal that everyone should have the opportunity to demonstrate this excellence in their roles. Additionally, good employers should be able to expect that their people will bring the best version of themselves to the work that they do. Seeing people who outperformed their set of circumstances to achieve and excel in unexpected ways is what inspired the spirit of flowprofiler. “We continue to draw from the concept of flow state because it is Positive, Personal, and Powerful.”
Shalmali W.
Ofce No. 102, Bhakti Genesis, S. No. 245, H. No. 2B,Wakad Aundh Main Road, Pune. 411057
Follow Us On: For Editorial Concerns: editors@theentetpriseworld.com For Sales & Branding Enquiries: sales@theenterpriseworld.com For Subscription: info@theenterpriseworld.com Publisher The Enterprise World Creative Content Editor
Marketing Coordinator (Apac)
Shalmali W.
Suchita P.
PR & Marketing Coordinator
Business Development Executive
James H.
Jenna W.
Creative Design Head
Graphic Designer
Sankalp K.
Aparna S.
Social Media Manager
Digital Circulation Manager
Narendra S.
Amanda V.
This list is NOT a ranking. The companies on listed in magazine serve different aspects of the market, making ranking them in any order except revenue impossible and unfair. We try to bring a perfect platform for business organization to showcase their valued products/ services. Copyrights © The Enterprise World | 2019. All Rights Reserved. The images and content included in this magazine should not be copied, transferred or reproduced in any form or by any means, electronics, mechanical, photocopying, recording, otherwise, without proper permission from The Enterprise World. The Enterprise World solely owns all the reprint rights.
The company was founded on April 26, 2019 and is based in Tokyo. Some of its major shareholders are NTT Communications Corporation and Shimizu Corporation. EDGEMATRIX Inc. is a company that provides a deployment platform for implementing “video edge AI” in the field. Video edge AI is a technology that processes large amounts of data from camera images with AI at the edge (the site). EDGEMATRIX’s products and services are widely used in social infrastructure such as roads, large parking lots, railways, rivers, coasts, remote islands, and large-scale facilities to warn of abnormalities and dangers and increase safety, and to analyze the flow of people such as congestion and increase efficiency and economy. flowprofiler® was launched in the UK in 2019. It was born from a fascination with personal excellence in the workplace and an ideal that everyone should have the opportunity to demonstrate this excellence in their roles. Additionally, good employers should be able to expect that their people will bring the best version of themselves to the work that they do. Seeing people who outperformed their set of circumstances to achieve and excel in unexpected ways is what inspired the spirit of flowprofiler. “We continue to draw from the concept of flow state because it is Positive, Personal, and Powerful.”
LEADERS IN SPOTLIGHT
For the cover read about-
CONTENTS
12
EDGEMATRIX Inc
Exclusive Profile flowprofiler
Exploring the Wonders of a Central American Gem COSTA RICA How did WALMART become a powerhouse in the retail industry?
34 upshot
24 Case Study
44 Article
6 Reasons Why Expats Need Mail Services
54 Review
jira
58
EDGEMATRIX The Power of Video Edge AI in Action! Shinya Motohashi | Co-Founder and EVP COVER STORY
12 | November 2023
Inc
www.theenterpriseworld.com | 13
COVER STORY
T
The world we live in is moving rapidly towards a more technologically enabled one. Among the most transformative innovations is Video+Edge+AI technology, a powerful advancement that's rapidly gaining prominence. This cutting-edge fusion of video analytics and artificial intelligence has emerged as a critical tool in addressing a multitude of contemporary challenges and opportunities. Video Edge AI technology is a gamechanger across various sectors, from security and surveillance to healthcare, retail, transportation, and beyond. It empowers us to process and analyze vast streams of video data in real-time, enabling immediate insights and actionable intelligence. This real-time capability is invaluable for enhancing safety and security, streamlining operations, and improving decisionmaking processes. Moreover, Video Edge AI technology is propelling the development of autonomous vehicles, revolutionizing healthcare diagnostics, and enhancing customer experiences in retail and hospitality. Its ability to quickly and accurately process visual information offers a competitive advantage in our increasingly data-driven world.
Featuring for The Enterprise World’s this issue of Enterprising Companies of the Year is the story of EDGEMATRIX Inc, a company revolutionizing industries and daily lives.
14 | November 2023
www.theenterpriseworld.com | 15
Journey of EDGEMATRIX Inc The company was founded on April 26, 2019 and is based in Tokyo. Some of its major shareholders are NTT Communications Corporation and Shimizu Corporation. EDGEMATRIX Inc. is a company that provides a deployment platform for implementing “video edge AI” in the field. Video edge AI is a technology that processes large amounts of data from camera images with AI at the edge (the site). EDGEMATRIX’s products and services are widely used in social infrastructure such as roads, large parking lots, railways, rivers, coasts, remote islands, and large-scale facilities to warn of abnormalities and dangers and increase safety, and to analyze the flow of people such as congestion and increase efficiency and economy. Edge AI Box: An edge AI device equipped with a GPU and a 5G/LTE/WiFi communication module that can be installed in various environments such as outdoor type with waterproof, dustproof, and lightning protection. EDGEMATRIX Service: A platform service that remotely manages and controls edge AI devices. You can monitor real-time and recorded images from cameras with the Edge View function. EDGEMATRIX Store: A virtual store that provides a variety of ready-to-use AI apps. EDGEMATRIX Solution: A customized AI app developed with AI partners according to the needs and purposes of customers, and a deployment platform using EDGEMATRIX to implement video edge AI in the field. “We aim to create a smart city that enriches life and industry with the use of the latest AI technology.”
16 | November 2023
Overcoming The Challenges EDGEMATRIX Inc. encountered several significant challenges in the development and deployment of its video edge AI platform, "EDGEMATRIX Product and Service." These complexities included the coordination and integration of hardware and software with a manufacturing partner in Taiwan, mitigating technological risks by leveraging the expertise of a reliable partner in Costa Rica, coping with delays in product delivery due to disruptions in the supply chain caused by the COVID-19 pandemic, convincing customers of the benefits of on-site AI video processing over cloud-based alternatives, and the development of diverse AI applications tailored to different industries and domains. “One of the key factors that enabled EDGEMATRIX to grow was the business alliance with NTT Communications, a leading Japanese telecommunications company, and Shimizu Corporation, a major construction company, who became shareholders at the same time.” Both companies provided support for EDGEMATRIX in developing and delivering its products, services, and solutions, as well as assisting in sales activities.
COVER STORY
www.theenterpriseworld.com | 17
COVER STORY EDGEMATRIX’ Long-Standing Success
cameras that suit the site environment, such as long distance and night time.
“The reason behind our company’s long-standing success is our innovative and high-quality products, Edge AI Box and video edge AI platform service that provide real-time and secure solutions for various industries and domains by processing the camera video with AI on-site, without sending camera video to the cloud.”, says Shinya Motohashi, Co-founder and EVP, EDGEMATRIX Inc.
Cloud AI requires sending camera images to the cloud, which can cause delays, bandwidth issues, and security risks. EDGEMATRIX’ products can process the video with AI in real time, without sending camera images to the cloud, which ensures high speed and security.
Using video edge AI tech means you get quick alerts when something unusual or risky is seen in on-site videos. This helps boost safety by acting fast when needed. Also, it saves money by not sending lots of video data to faraway cloud servers, reducing costs. Plus, it keeps your private info safe because the videos stay on-site, under your control. This means you worry less about data breaches and privacy issues, and it's cost-effective. EDGEMATRIX’ Suite of Products and Services “Our company develops and provides EDGEMATRIX products and services, which are video edge AI solutions that process the video from IP cameras with AI at the site.” The company’s services have several advantages over other solutions in the market, such as AI cameras, cloud AI, and scratch development. These are some of the differences between EDGEMATRIX’ products and other solutions: AI cameras are cheap but have limited functionality and applicability. They can only perform specific tasks and cannot handle complex situations or environments. EDGEMATRIX’ products are flexible and can select
18 | November 2023
Scratch development by major manufacturers and SIs can be customized but also expensive and time-consuming. EDGEMATRIX’ products and services are generally sold as products and monthly subscription services. Then, our products are costeffective and can reduce the time and cost of introduction, compared to solutions developed from scratch. What the Future Holds? EDGEMATRIX’ products and services are mainly adopted in social infrastructure such as roads, large-scale parking lots, railways, rivers, coasts, and large-scale facilities, and the company aims to provide reliable, highend products that can operate stably 24 hours a day, 365 days a year in this field. Currently, the company is developing and commercializing software and other components for “Edge AI Appliance”, which is a device that enhances the performance and functionality of edge AI devices. This appliance implements not only video edge AI technology, but also Open API and standard protocols for smart buildings that are widely used in the world. It can digitize surveillance camera images into numerical and text data with AI, collect data from various sensors and equipment, and enable integrated management, control, and central monitoring of smart cities and smart buildings.
In overseas markets, EDGEMATRIX plans to sell its products and services in combination with the solutions of its partners. Leading the Way Shinya Motohashi (Co-Founder & Executive Vice President) Shinya Motohashi is the co-founder and executive vice president of EDGEMATRIX. He graduated from Hitotsubashi University and obtained a master’s degree from the University of Southern California. He spun off EDGEMATRIX in 2019 from Cloudian Inc, which is now headquartered in Silicon Valley. He handled everything from business planning to fundraising to start up EDGEMATRIX. At Cloudian, he created the concept of big data products and sold them to cloud providers in Japan after they were productized. He joined KDD, which was then the international communication company, as a new graduate and worked in core management fields such as business planning and president’s secretary. He then moved to Vodafone and was in charge of strategy as a member of the global team. After Vodafone was acquired by Softbank, he planned new communication businesses. Achievements of a Stellar Journey “In my entrepreneurial journey, I have achieved significant milestones,by providing AI that can be implemented in the field, not just in the laboratory.” One of the key highlights is securing funding from major Japanese corporations to fuel the company’s endeavors. This funding has enabled the team to spin off a dedicated project team and establish EDGEMATRIX as a thriving venture.
www.theenterpriseworld.com | 19
COVER STORY One notable achievement is the consistent year-over-year revenue growth. Despite the challenges of the AI industry, EDGEMATRIX has managed to sustain and even expand its sales, demonstrating the market's strong demand for the company’s innovative solutions. Building a Team with an EDGE “At EDGEMATRIX, our compact team of around 30 members embodies a unique blend of hardware, software, and cloud service experts. This diversity enables us to offer comprehensive, end-to-end solutions for edge AI products and services. We prioritize our employees by fostering a collaborative, inclusive work environment that encourages knowledge sharing and innovation.”, adds Mr. Motohashi. Leader’s Corner In this insightful give and take with Mr. Shinya Motohashi, our team found out secrets to his leadership and what keeps him motivated throughout. Leader’s Corner wishes to enlighten you with this knowledge. From the mastermind of EDGEMATRIX Mr. Motohashi himself One person who you admire the most? "I admire the president I served as a secretary for during my four years at KDD. I'm grateful for the opportunity he provided me in my younger years, which allowed me to see the true essence of business leaders. Moreover, he created an environment that greatly contributed to my personal growth." Whose business story do you find the most inspiring? "I find the business story of Eiichi Shibusawa to be the most inspiring. His journey as an entrepreneur and his contributions to modernizing Japan's economy serve as a remarkable source of inspiration for me."
20 | November 2023
Which is the most inspiring quote you have read? I find the concept of 'actions speak louder than words (不 行)' to be the most inspiring. In the world of programming, it’s “show me the code”. This is because it underscores the idea that our deeds and accomplishments have a more significant impact than mere promises or intentions. It reminds me of the importance of taking concrete steps, being proactive, and demonstrating commitment to achieving meaningful goals." Constant vigilance- a need or a strategy? Please share your views. Constant Vigilance is indeed crucial, both in terms of staying attuned to market dynamics and promptly addressing risks. It's essential to remain sensitive to changes in competition and market conditions, swiftly detecting potential challenges and responding effectively. Furthermore, in today's business landscape, where internal scandals and risks can threaten the very foundation of organizations, maintaining a constant awareness of these internal risks is imperative. At EDGEMATRIX, we regularly conduct risk and compliance checks. This helps us identify and address any potential issues that may affect our products, services, or customers. We believe that constant vigilance is vital for maintaining our quality and reputation. It’s a rat-race out there. How do you cope with that? One way we navigate the competitive landscape is by focusing on industries where once products or services are adopted, they tend to have a long-lasting presence, much like the social infrastructure sector including smart buildings and smart cities. By offering solutions tailored to such industries, we aim to establish a robust business foundation, ensuring longevity and mitigating the intensity of competition.
www.theenterpriseworld.com | 21
Most Inspiring Healthcare Leaders to Watch in 2023
Which drink do you prefer with pizza and burgers, Pepsi or Coca-Cola? It is a usual thing to find Coca-Cola bottles in nearby grocery shops. If you enjoy watching sports, then it is obvious to notice Coca-Cola ads. Have you ever thought about how this brand became so huge and grew as one of your household names? In this article, you will read about the successful journey of one of the world’s leading beverage brands, Coca-Cola. Alternative to Morphine John Pemberton, who was injured during the American Civil War, is considered to be the man behind the brand. Pemberton, who had a medical degree, was also addicted to morphine and wanted to find some alternative to it. Soon in 1885, he registered Pemberton’s French Wine Coca as a nerve tonic. It was inspired by French-Corsican Wine Coca. The Kola Coca, a Spanish drink, was represented in a contest at Philadelphia in 1885, exactly one year before the discovery of Coca-Cola. In 1888, there were three versions of Coca-Cola in the market. Later in 1953, the company purchased the rights to this Spanish drink. The brand wanted to be recognized by its original name rather than ‘Coke’. Moreover, it wished not to get confused with other non-healthy drinks. In 1894, the first bottling of the drink was started at Vicksburg, Mississippi, whose proprietor was Joseph A. Biedenharn.Read More...
www.theenterpriseworld.com
24 | November 2023
www.theenterpriseworld.com | 25
INTRODUCTION Welcome to the world of natural beauty, rich culture, and abundant biodiversity—a world known as Costa Rica. In this article, we'll explore why this small country is special. We invite you to join us in an exploration of the countless riches that make this place a really attractive location. This central American country is known for its beautiful landscapes, magnificent beaches where the water meets the land, and lush woods teeming with rare creatures and vegetation. It's like stepping into paradise. What's even more impressive is how this country makes money in a way that doesn't harm the environment. They use clean and green energy sources, which means they take good care of nature. It's a place where modern life and nature coexist in harmony. So, if you are a wanderer seeking new experiences, a cultural enthusiast ready to learn new things, or someone who wants to unwind on a beautiful beach, then this place has something for you. Let's read further about this extraordinary location, where simplicity and elegance combine to create one of the best experiences.
26 | November 2023
Geography and Biodiversity: A Natural Paradise Ÿ A sandwiched land - Costa Rica is a land sandwiched between the Pacific Ocean and the Caribbean Sea, providing different beaches and a tropical environment ideal for outdoor activities all year. This little country is located in the heart of Central America, which has a stunning geographical tapestry that's sort of breathtaking. Ÿ Blessed with nature - In Costa Rica, the environment is a living tribute to the craftsmanship of nature. A varied range of habitats is created by lush rainforests, towering volcanoes, and foggy cloud forests. It's a site where you may spend one day exploring vibrant coral reefs, hiking through lush rainforests, and witnessing the captivating dance of hummingbirds.
Costa Rica's natural marvels are designed to be explored, rather than just admired. Tourists from all over the world visit this magical land to enjoy its unique sights and activities. Adventurous Coast - If you're looking for adventure, Costa Rica gets you covered. Surfers enjoy the waves at Playa Tamarindo, zip-liners fly over the jungle canopy, and climbers reach the Arenal Volcano's top. A visit to Tortuguero National Park provides wildlife fans with the opportunity to
see sea turtles breeding along the beach, which is an incredible sight. Ecotourism - Ecotourism is a cornerstone of Costa Rica's tourism business. From the foggy heights of Monteverde to the variety of Manuel Antonio National Park, visitors may immerse themselves in unspoiled natural beauty. Birdwatching is especially popular, with toucans, quetzals, and parrots lending brilliant splashes of color to the surroundings.
Ÿ Cloud Forest Reserve - The Monteverde Cloud Forest Reserve, with its mysterious mist and verdant canopy, shows the country's dedication to protecting its natural heritage. Corcovado National Park, located on the Osa Peninsula, is widely regarded as one of the most biodiverse areas on the planet. Jaguars, tapirs, and scarlet macaws thrive in their native habitats nearby. Tourism and Natural Wonders: A Paradise for Explorers
www.theenterpriseworld.com | 27
tropical fruits. Try the sweet and juicy mangoes, pineapples bursting with flavor, and papayas that taste like sunshine. They make refreshing snacks and delightful additions to meals. Seafood by the Coast - If you're near the coast, seafood is a must-try. Freshly caught fish, shrimp, and lobster are often grilled or prepared with zesty sauces. It's a taste of the ocean on your plate.
In this segment, you are going to explore some of the best coastal food varieties in the world:
Tamales - These are like little pockets of happiness. Tamales are made from corn dough stuffed with tasty fillings like chicken, pork, or vegetables, wrapped in banana leaves, and steamed to perfection. They are a special treat, especially during holidays.
Fresh Coconut Water - When you're walking on the beach, you might come across vendors selling fresh coconuts. They will chop one open for you, and you can sip on the cool, sweet coconut water inside. It's nature's own refreshing drink.
Empanadas - A crispy, golden pastry filled with savory ingredients. Empanadas are a popular snack in Costa Rica. You can find them with various fillings like cheese, beef, or beans.
Tropical Fruits Galore - In Costa Rica, you can find a rainbow of
Salsa Lizano - This is a special sauce you'll find on many Costa Rican tables. It's a bit sweet, a bit tangy, and adds a
28 | November 2023
special kick to your meals. Locals love to drizzle it on everything from rice to beans. Artisanal Ice Cream - Cool down with some handmade ice cream. Costa Ricans take pride in crafting unique flavors like blackberry and guanabana. It's a delightful treat on a hot day. Chocolate Tours - Did you know that Costa Rica grows some amazing cacao beans? Take a chocolate tour and learn how chocolate is made, from bean to bar. And, of course, you get to taste the delicious results. Casado and Gallo Pinto - Cuisine in Costa Rica is kind of a delicious story that tells you about its culture and past. One of the famous dishes here is called "Gallo Pinto." It's a mix of rice and beans, and people eat it a lot. They often have it with eggs, cheese, and tortillas. Another yummy meal is called "Casado." It's a big plate with rice, beans, meat or fish, and sweet plantains. It's so tasty and filling!
Costa Rica, with its stunning beaches, lush jungles, and rich culture, is a dream destination for many. But before you can dive into the wonders this country has to offer, you need to know how to get there and where to stay. Here we will provide you with a brief guide. Ÿ Getting to Costa Rica By Plane - The easiest way to reach this country is by flying into one of its international airports. The two main airports are: Ÿ Juan Santamaria International Airport (SJO) - Located in the capital city of San Jose, this is the largest and busiest airport. It's a great choice if you plan to explore the Central Valley or head to the Pacific coast. Ÿ Daniel Oduber Quirós International Airport (LIR) - Situated in Liberia, this airport is closer to the beautiful Guanacaste region and the Pacific beaches. Visa Requirements - Before you book your flight, make sure to check if you need a visa to enter Costa Rica. Many countries, including the United States, Canada, and European Union nations, don't require a visa for stays of up to 90 days for tourism purposes. However, it's essential to verify this information based on your nationality.
www.theenterpriseworld.com | 29
Ÿ Culture - Costa Rica's culture is as varied and rich as its natural beauty. It is a nation that is proud of its indigenous roots and historical ties to Spain. But what actually distinguishes Costa Rican culture is the kindness of its people, known as Ticos and Ticas. Ÿ Ticos and Ticas - Ticos and Ticas are known for their friendliness and kindness. They welcome guests and are eager to share their traditions and beliefs. From lively celebrations such as "Fiestas Palmares" to traditional dances such as "el Punto Guanacasteco," Costa Rica's cultural tapestry is woven with vibrant strings of joy and camaraderie. Ÿ Pura Vida - "Pura Vida" is a word that captures the Costa Rican spirit. It translates to "pure life" and is used to convey a cheerful attitude about life, especially when faced with difficulties. Pura Vida is a style of life that stresses gratitude, contentment, and appreciation for simple pleasures.
30 | November 2023
A land where Nature and Culture Thrive Costa Rica, where nature and culture thrive with its unique geography, diverse culture, and commitment to sustainability, is not just a destination; it's an invitation to explore, experience, and embrace the beauty and richness of life. As we've journeyed through the wonders of Costa Rica, we've discovered a nation that values its natural heritage, embraces diversity, and welcomes visitors with open arms. Costa Rica is a testament to the power of a growth mindset—a mindset that has enabled this nation to thrive, adapt, and lead the way in sustainability and well-being. So, whether you're an intrepid explorer, a culture enthusiast, or simply seeking a taste of pure life, this town invites you to immerse yourself in its vibrant tapestry of culture, nature, and adventure. In short, this article is an imaginary tour of Costa Rica. where you have explored its local food, culture, geographic diversity, and treasures. This is the time to plan your vacation to Costa Rica. Come, explore this gem, and let the wonders of Costa Rica leave an indelible mark on your heart and soul.
www.theenterpriseworld.com | 31
34 | November 2023
Powering Your Potential! BECK CHALMERS | MD
www.theenterpriseworld.com | 35
P
eople perform better at work when they are resilient, motivated, and emotionally
aware.
Learn how any organization can use power skills through assessments, training, facilitation, and coaching with the help of flowprofiler®. Featuring for The Enterprise World’s this issue of Enterprising Companies of the Year is flowprofiler® Global. The Company: flowprofiler® was launched in the UK in 2019. It was born from a fascination with personal excellence in the workplace and an ideal that everyone should have the opportunity to demonstrate this excellence in their roles. Additionally, good employers should be able to expect that their people will bring the best version of themselves to the work that they do. Seeing people who outperformed their set of circumstances to achieve and excel in unexpected ways is what inspired the spirit of flowprofiler. Positive: flow is an aspirational state, it is a better way to live. Personal: your personal flow is as unique as you. Powerful: small changes result in big impacts and outcomes. flowprofiler® has been designed for use in recruitment, talent retention, leadership, workplace culture, engagement, and team effectiveness. They deliver through their network of handpicked partners who share their vision of personal excellence at work. Currently, flowprofiler® is represented in the UK, Australia, New Zealand, Mexico, Malaysia, Singapore,
36 | November 2023
Indonesia, and India. They are looking forward to bringing fflowprofiler® to the Middle East in mid-2023. In addition, they are continuing their search for the right Partners in the USA and Canada. Overcoming the ChallengesThere were two primary challenges for flowprofiler® : A steep learning curve: flowprofiler®’s professional growth curve became very steep. They needed to shift their mindset in the early phases of the development cycle from Management and Development Consultants to that of a tech start-up. They needed to learn the language of software developers as well as that of organizational psychologists. flowprofiler® also learned very early that errors can be very costly. This became a big incentive to learn fast. Launching into the headwind of a pandemic: Soon after launch, flowprofiler® ran into the headwind of the Covid pandemic. Launching what is effectively a tech start-up, during a time when the world was adjusting to disruption and relentless change required some deep thought. What Triggered The Growth? The biggest trigger of growth was in early 2022 when the challenges of Covid began to subside in many countries and decision-makers had greater certainty and confidence in the condition of markets. The Products and Services: The flowprofiler® portfolio is rich with assessments, reports, training solutions, and capability pathways. Below we provide several examples as a sample featuring the unique aspects of:
We continue to draw from the concept of flow state because it is Positive, Personal, and Powerful.
Ÿ flowprofiler® assessments Ÿ flowprofiler® reports Ÿ The flowprofiler® Retention through the Acquisition pathway flowprofiler® Assessments: flowprofiler® is primarily a family of validated psychometric assessments, eqflow®, resilienceflow®, motivationflow®, and the flowprofiler®. Uniquely, their largest assessment flowprofiler® measures 18 dimensions (observable behaviors) across the four factors of resilience, motivation, emotional and social intelligence. flowprofiler® assessments are statebased. Specifically, they measure 2 states. It measures how a person is behaving day-to-day and how they are behaving under pressure. The comparison between the two sets of data gives a deep insight into how an individual is adapting to adjust to the demands of their role. flowprofiler® Reports: flowprofiler® is designed for use in recruitment, professional development and, with teams. They offer their clients a variety of reports based on how they are using flowprofiler within their organizations: The Team reports feature: Ÿ Aggregate results Ÿ Dimension-specific analysis across 2 states Ÿ Development considerations Ÿ Questions for team sessions Use the flowprofiler® team reports: Ÿ For teams’ sessions Ÿ As a diagnostic tool (e.g., training needs analysis)
Ÿ Within behavioral-based benchmarking exercises The Development reports feature: Ÿ The individual’s results Ÿ Dimension-specific analysis across 2 states
The Management reports feature: Ÿ The individual’s results Ÿ Dimension-specific analysis across 2 states Ÿ Development considerations
Ÿ Development considerations
Ÿ Questions for the manager to ask in development sessions
Ÿ Feedback for use in self-directed development
Use the flowprofiler® management reports for:
Use the flowprofiler® development reports for:
Ÿ 1:1 professional development sessions
Ÿ Professional development
Ÿ Coaching sessions
Ÿ Coaching sessions
The Interview reports feature:
Ÿ Benchmarking exercises
Ÿ The candidate's results
Ÿ Training needs analysis for behavioral-based competencies
Ÿ Dimension-specific analysis across 2 states
www.theenterpriseworld.com | 37
38 | November 2023
Ÿ Development considerations Ÿ Questions for the interviewer to ask in behavioral-based recruitment campaigns to assess for selfawareness and self-management strategies Each report features: Ÿ Insights into what is being measured in the assessment and how the results are measured Ÿ Graphical presentation of results (dayto-day and under pressure) Ÿ Definitions for each dimension that is measured Ÿ Results presented as the raw data for each dimension (day-to-day and under pressure) Ÿ Detailed analysis of each dimension for each state Ÿ Self-reflection questions (development report) Ÿ Action planning template (development report) flowprofiler® Pathways: flowprofiler® Pathways are learning journeys that bring capability and selfsufficiency to organizations in a particular business area. A popular Pathway in 2022 has been their Retention through Acquisition Programme. Retention through Acquisition is designed to help organizations retain their future superstars. It features flowprofiler® ’s unique Fit → Secure → Engage framework. flowprofiler® begins its journey by Benchmarking the behavioral requirements of the role in the areas of Aptitude, Attitude, and Approach. These 3As work together to ensure that clients have the right talent in the right role to ensure the best job-fit possible.
Further, they focus on how an organization can attract and appraise its future talent to secure its preferred candidate. Here are some of the things they teach the learners: How to write a compelling job ad based on the behavioral requirements of the role. This ensures they are speaking directly to the type of talent they wish to attract. How to write behavioral-based interview questions so that they can assess a candidate’s ability to adapt to the changing demands of the workplace. How to create a job offer that ensures their organization stands out in the crowd giving them the best chance of securing the talent of your choice. Once they have secured their talent, flowprofiler® then turns their attention to Onboarding. The Pathway shares several strategies to help learners plan for the first 8 weeks, prepare the environment, and integrate their successful candidate. These strategies work together to engage their talent with the view of increasing their productivity in the first 90 days, increasing their engagement in the role, and increasing their chance of retaining them in the first 6 weeks. The Retention through Acquisition pathway is based on 50 years of industry experience, helping organizations to optimize both process and capability within the business whilst integrating psychometric assessment and best practice approaches. Learners are supported by regular group coaching sessions with a certified flowprofiler® business coach.
Build capability The Retention through Acquisition pathway is designed to build capability and competency within organizations. It has several benefits: Ÿ Consistency: This pathway standardizes internal processes Ÿ Cost-effective: Measurable recruitment and retention through stronger job fit, engagement, and development Ÿ Strong culture: This peoplecentric approach measures resilience, motivation drivers, and emotional and social intelligence through the flowprofiler® family of assessments Ÿ Empowerment: Every participant completing the Retention through Acquisition Pathway leaves with the skills and knowledge to operate autonomously and successfully Ÿ Long-term impact: The flowprofiler® pathways build capability in managing retention and development across the employee lifecycle Ÿ Best in class: Based on over 50 years of experience The pathway leverages insights into the emotional and social intelligence, resilience, and motivation of candidates from the flowprofiler® family of assessments to improve success in both recruitment and retention. Learning platform | flowprofiler® learn Retention through Acquisition is delivered via a blended learning
www.theenterpriseworld.com | 39
Adaptive behavioral strategies are critical to professional success.
platform. The Learner benefits from a program of online skills development modules enhanced by coaching interventions at specific milestones. Each of the 9 self-driven modules include: Ÿ Step-by-step chapters with video tutorials Ÿ Quizzes Ÿ Practical downloadable worksheets and planners Ÿ Regular business coaching sessions Ÿ Live training Ÿ Access to flowprofiler® assessments Ÿ These elements work together to
40 | November 2023
ensure a flexible and engaging user experience. The flowprofiler® learning platform is: Ÿ Flexible: Materials are on demand allowing learners to choose their own pace Ÿ Engaging: Full of tips, tools, tutorials, quizzes, coaching, and downloadable material Ÿ High completion rate: Easy to use, engaging, and supported by live coaching Ÿ Tools and templates: Modules include relevant tips, tools, and templates to apply learned skills at the workplace
Ÿ Progress checker: Easy to monitor completion progress for each learning Ÿ Ongoing reference resource: Users can revisit sections as many times as needed or even as a refresher as specific topics become relevant Business coaching: Learners have access to regular group business coaching sessions with a certified flowprofiler® business coach. Benefits of Business coaching: Ÿ Is personal: Allowing for direct engagement with our specialists to ask specific questions
Ÿ Keeps momentum: Coaching appointments serve as a deadline and provide an opportunity to check-in Ÿ Transfers knowledge: Leverage the expertise and experience of your business coach Ÿ Is flexible: Delivered as a multibusiness session for learners who favor networking or a companyspecific bespoke approach Ÿ Motivates: Follow-up sessions allow for any questions about the specific application in the context of the client’s own process The Work Culture and Keeping the Motivation High: flowprofiler®’s work culture revolves around collaboration, shared purpose, recognizing good performance, and trust. These traits are shared within their employees, Partners, and supplier networks. Speaking to The Enterprise World the MD of flowprofiler® , Beck Chalmers said that she believes they would have trouble keeping a positive workplace culture without each of these key engagement drivers being actively demonstrated, daily. In addition, everyone at flowprofiler® lives by their personal excellence framework of Awareness, Action, and Accountability. Ÿ Awareness: Being aware of our behavior and the impact on others Ÿ Action: Taking action to modify and manage our behavioral strengths and opportunities Ÿ Accountability: Turning up every day and working hard to adopt the teachings from flowprofiler®
www.theenterpriseworld.com | 41
ARTICLES
How Mississippi Farm Owners Can Cut Down on Expenses? : If you are a business owner, then you probably have a lot on your plate. If that business is in the agricultural sector, then your role may be even more stressful. READ MORE
Revolutionizing the Sports Betting: Influence of AI on Best Betting Websites in India with AI : When placing bets in sports betting, bettors can turn to AI for help.patterns, and providing the user with a prediction.
Elon Musk, the visionary behind companies like SpaceX, Tesla, and Neuralink, is a name that resonates with innovation and ambition. From launching rockets to Mars to revolutionizing the electric car industry, Musk’s endeavors have always been in the limelight. However, there are some lesserknown Facts About Elon Musk that might surprise you. Read More From The Enterprise World...
READ MORE
6 Tips for Maintaining a Clean Job Site in Pennsylvania : Whether working in construction, engineering, general contracting, or industrial, a clean job site is a must. READ MORE
What Are the Best Cursive Fonts for an Elegant Signature?: It doesn’t matter if you are an entrepreneur or a niche craft seller. There will come a time when you need to put your signature on something. READ MORE
Organizations today rely on data to make informed decisions, gain insights, and drive business growth. However, the vast data in modern business environments also brings significant security challenges. Security breaches, data leaks, and unauthorized access can have severe consequences for businesses, including financial losses and reputational damage. Read More From The Enterprise World...
VIDEO INTERVIEW’S
In Conversation with Thomas L. Hager | Lenovo | The Enterprise World - To Watch Click Here.
Thomas L. Hager- Mastering the Dynamic Marketplace to Achieve Global Success Navigating the rapidly evolving market landscape requires business leaders to employ innovative strategies that keep pace with change. As the market dynamics shift swiftly, business leaders must stay agile and proactive in their approach to remain competitive. Embracing innovative strategies becomes paramount to not only survive but also thrive in a fast-changing marketplace. Innovation serves as a powerful tool for business leaders to differentiate themselves from the competition, seize emerging opportunities, and anticipate customer needs. By fostering a culture of creativity and encouraging out-of-the-box thinking, organizations can unleash the potential for groundbreaking ideas and solutions. Adopting innovative strategies requires a willingness to challenge conventional practices, be inquisitive, take calculated risks, and adapt quickly to changing customer demands.
Successfully navigating the fast-changing marketplace demands, a relentless pursuit of innovation and a willingness to embrace change, Thomas L. Hager, Vice President Financial Services - Global Accounts, Lenovo is setting the benchmark of thought leadership. Featuring for The Enterprise World's this issue of The Most Successful Business Leaders to Watch Out For is his story. Thomas's Stellar Journey “As a leader, I want to provide a purpose for everybody, and what we are working for.” Born and raised in Germany, Thomas has a Ph.D. from Mexico State University in Rhetoric in Professional Communication. His Dissertation Thesis was completed whilst working at IBM, on Knowing the Users of a Corporate Web Site: Gaining a Sense of Audience in a New Medium. Read More From The Enterprise World...
HOW DID
BECOME A POWERHOUSE IN THE RETAIL INDUSTRY? 44 | November 2023
www.theenterpriseworld.com | 45
Whether it is a party on the weekend or just regular grocery shopping, Walmart is always preferred by U.S. citizens. If you are a tenant living on your own or you have a family to feed, Walmart products are affordable as well as accessible. Though Walmart has become a huge brand in the retail industry, it has faced ups and downs and still stands as the retail powerhouse. Have you ever thought what would have been its journey? What are the marketing strategy techniques that made it a successful company? In this article, you will delve into the basic know-how of Walmart and understand its journey closely. Being a multinational powerhouse in the retailing industry, Walmart is based in the United States of America. Its various department stores focus their services on middle-class and lower-middle-class people. According to Fortune Globe 500, the company stands as the second-largest public corporation in the world. Today, it is one of the most valuable companies in the world that employing more than 2 million people. The organization is based in Bentonville, Arkansas. In 2009, it earned 51 percent of its $258 billion in sales from the U.S. grocery business.
46 | November 2023
www.theenterpriseworld.com | 47
THE CHRONOLOGICAL ORDER OF ESTABLISHMENT 1945
1945: Sam Walton bought a Franklin franchise variety store, located at Newport. The moment served as a stepping stone for his future retail ventures.
1962
1962: The first official store was inaugurated in Rogers by Sam Walton. It was mainly focused on providing customers with a wide range of products at lower prices.
1969
1969: In this year, the company developed into a publicly traded company, that is listed on the New York Stock Exchange, under the symbol "WMT."
1970
1970s-1980s: The rapid expansion of the company took place across the United States where various stores opened and grew into the dominant force of the retail industry. The company emerged with a new strategy of "Everyday Low Prices" (EDLP) in which efficient customers were targeted and it included dynamic Walmart products.
1983
1983: In Washington, Missouri, the first Supercenter was launched. It combined the concept of the traditional discount store with grocery store along with a traditional discount store which will give a one-stop shopping experience to consumers.
1991
1991: The company started expanding its ventures outside the boundaries of the United States. The first international store was set up in Mexico City, Mexico. The event marked the beginning of its global expansion.
2000
2000s: The company was expanding its business on both domestic as well as international levels. The Walmart Neighbourhood Market was introduced which included smaller grocery-focused stores and emphasized its commitment to satisfy customers at low prices.
2005
2005: The sustainability business program was launched which was aimed at turning the company into the environment-friendly one. Catering to this, several initiatives were commenced incorporating waste reduction, less energy consumption, and promoting sustainable sourcing.
2010
2010s: The focus was shifted to e-commerce and digital innovation to leverage technological upgradation to succeed in the retail industry. The organization started acquiring e-commerce companies like Jet.com and spent on improving online shopping experiences. This is how it stayed ahead of every competitor in the market.
48 | November 2023
2020
2020s: Consumer preferences were put forward and expanded into other international markets. The company was targeting organic products to meet its commitment to uplift farmers of the country. It is evolving every day and adapting itself to technological advancements.
MERGERS AND ACQUISITIONS Being a retail giant, Walmart revolutionized the industry with its low-cost business model. It nurtured exceptional customer service along with an extensive product range. Due to prioritizing affordability and convenience, Walmart has become a common household name. Today it is serving millions of customers at the international level and maintaining its position as a leader in the retail industry. Its mergers and acquisition deals have become headlines not just in US newspapers but also in worldwide news. The organization has encountered cultural challenges during acquisitions and mergers that took place in its journey. Due to human resource negligence issues, some of its mergers and acquisitions failed miserably, however, it demonstrated how cultural issues are not considered when international business affairs arrive. For example in the Argentinian Market, the company experienced insensitivity to the culture of Germans, South Koreans, and Latin America. It added to employee demotivation due to which the company became incapable of competing with others.
www.theenterpriseworld.com | 49
Success Strategy Every successful organization builds its unique strategy which gives successful results and creates benchmarks for others to follow. If you want to build your business on the larger platform then read these tactics applied by Sam Walton: 1. Emphasis on low prices: The famous “Everyday Low Prices” strategy emphasizes life-essential products whose prices are kept low to target middle-class and lower-class people. It helped products to gain a wide customer base. The company cracked the budget-conscious shoppers and values their convenience. 2. Large-scale operations: Walmart stores are operated in around 27 countries and its massive scale allows them to negotiate lower prices with suppliers and spread fixed costs across many stores. Such larger-scale operations allowed the company to deal with investors and build trust with them. According to records, its customer experience was enhanced due to deals cracked at higher management levels. 3. Innovation and technology: Being a leader in the retail industry, Walmart was among the first companies that leveraged a cashless payment system, barcoding, etc. With the help of technology, it improved the customer experience and invented new operational techniques. For example, the company has spent heavily in the field of e-commerce and has innovated technologies, such as its automated pickup towers and its use of robots to clean floors and track inventory. 4. Prioritizing employee satisfaction: It is better known as a tough employer in the market, however, the company made efforts to revamp working conditions and enhance employee satisfaction in recent years. In 2019, the company increased its starting wage to $11 per hour and offered
50 | November 2023
additional employee social and economic benefits.
Disease Control and Prevention to close retail stores in the area.
5. Strong corporate culture: The strong work culture incorporates efficiency, frugality, and customer service. Sam Walton, founder of the organization known for his hands-on leadership style and commitment to serving customers. He made sure that similar leadership values were passed down to subsequent generations of leaders.
3. Sustainability/ Environmental Issue:
Overall, there are various factors that contributed to the growth and development of Walmart and the company emerged as a giant in the retail industry. Challenges 1. Ethical Issues: Regardless of being the largest private employer worldwide, Walmart has faced ethical issues with respect to gender discrimination, exploitation, and compensation of workers. Moreover, the higher management took a stance against developing worker's unions that could work to improve working conditions. In 2013, National Labor Relations sued the company due to its low wages. It was proved that the company had violated the rights of employees and imposed illegal restrictions. Despite the pressure from employees, it suspended workers who participated in the strikes, which eventually led to employee turnover. 2. COVID-19 Pandemic: Due to the COVID-19 pandemic, more than 60 stores were closed and the Omicron variant disrupted the retail industry. The crisis situation restricted direct contact with customers and limited their access to various retail services. For instance, in Maryland, a store was shut down due to the high emergence of COVID cases among the communities. Soon, it was recommended by The Centers for
According to Food and Water Watch and the Institute, Walmart stores are not following performance standards based on environmental protection. The company ran into the issue of vending substandard products as it reduces the durability and quality of goods. Issues of reduction of waste, lagging behind renewable energy sources, overuse of electricity, etc were the most prominent ones. Today, Walmart has taken a long time goal to operate 100 percent renewable power and leverage technology for sustainable development.
Walmart International People prefer Walmart due to its lower and sustainable products which help them to save money and live better. To bring value and convenience to millions of customers, Walmart International is operating in 19 countries outside the U.S. The unique global perspective of the company builds connections and brings innovations to the market to make customers' lives easier. Moreover, strategic partnerships are built through equity investments to support core businesses. Walmart International is building a strong strategy that includes small and medium businesses and simultaneously generates growth for the company and partners. Ultimately, it leaves a positive impact on stakeholders.
Walmart International includes more than 5,100 retail units and approximately 550,000 associates around the world. Additionally, the products are sold by the Global Sourcing Unit which includes apparel, homeware, jewelry, hardlines, and more throughout the world. The unit is upholding the reputation of the company as the most trusted retailer in the world, by regularly auditing the practices of suppliers and working with them through the Walmart Responsible Sourcing Program to help them meet high standards. FAQs 1. How many Walmart stores are active? Globally, there are 10,500 active Walmart stores and 20 Sam's Clubs US in 27 countries. Before FY2023, the company will be employing 2.1 million associates worldwide.
2. What time Walmart is closing? The closing and opening times of Walmart stores vary according to the area. However, most of them are opening at 7 am and close at 8.30 pm. 3. What is Sam's Club US? An American chain of membership, Sam's Club US is the only retail warehouse club owned and operated by Walmart Inc. It was established in 1983 and named after Sam Walton, founder of Walmart, Sam's Wholesale Club.
www.theenterpriseworld.com | 51
54 | November 2023
6
REASONS
Why Expats Need Mail Services www.theenterpriseworld.com | 55
T
here are several challenges that expats face in their line of work. Since they may have to move from one location to another over a period, changing their mailing address can be a major source of worry.
Thankfully, with the expert services of the right mail forwarding services, issues such as this can be removed from worry list. The benefits that mail forwarding services offer people has made it easy for expats who have relocated elsewhere to keep one mailing address and not have issues receiving their mails. This article will look at what exactly mail forwarding services are and how expatriates can benefit from these services. We will also look at some of the different mail forwarding services that you can expect. 1. Expat Mail Services: What They Are and Why You Need Them To put it in the simplest of terms, this is a service that allows an expatriate, or any other individual for that matter, enjoy email forwarding services. That is, regardless of the individual's location at any time, their mails can be received and forwarded to them at their current location. This means that the expat does not need to change their mailing address every time they move to a new location in the course of their job. They retain the same mailing address where all their mails are sent and from their forwarded to any address as per their standing request. This of course offers a lot of convenience to the already complicated lifestyle of the expat. You can only imagine how difficult it must be to move from country to country, constantly adjusting to new ways of doing things.
56 | November 2023
2. The Importance of Mail Forwarding Services for Expatriates These service providers are essential for expatriates. Some of the reasons for this take include the following: 1. Easy Set-Up
3. The Paperless Advantage The services of a mail forwarding service will come in handy if you have a problem dealing with loads of paper. Your preference for getting a digital copy of whatever is sent to you can be respected by the company. Your document would simply be scanned to you wherever you are. This means that you do not have to deal with large paper piles.
It is possible to sort out mail forwarding services without these companies. However, it is a long and strenuous process. You would be required to make several visits to the post office, fill out and submit a change-of-address form, carry out identity verification, work with a confirmation number, and a few other things.
There are several advantages to this. For example, there is more security considering how you are not dealing with hardcopy. So, you do not have to worry about losing documents or not finding them when needed.
You could just save yourself all the trouble by working with a mailforwarding company. The ease that they offer is second to none as you will be doing a lot less while still enjoying all the benefits. This saves you time at the very least.
By the way, the relationship between going paperless and employee efficiency was explained in a Harvard Business Review study. The study addressed how going paperless has a positive effect on people. You can read this study for more information on this subject.
2. No Compromise on Privacy
The services of these companies are therefore worth it. This is considering how they can help you go paperless.
Some people who relocate abroad and still need to deal with mail forwarding services in their home country entrust this responsibility to family or friends. There could be problems with this arrangement. One of the problems is compromising your privacy at the very least. This is because the people you have entrusted will have first-hand access to the information in your mail. Furthermore, this could be a problem if they cannot be entirely trusted or are careless. So, security may not be guaranteed. You would not have this worry with this kind of company. As experts, they would respect your privacy while carrying out their tasks.
4. Easy Access to Mails These companies understand the importance of information technology. Many of these service providers have incorporated it. One of the ways this has been done is by making it easy to access information. Firstly, access to your mail does not have to be via hardcopy as mentioned earlier. In addition to this, some of these companies have apps that allow easy digital access. For others, it could be a website that allows you to keep track. 5. Address Change not a Requirement Conventionally, a change of address is supposed to mean that your mail address also changes. So, relocating to a different
country is supposed to mean major changes to your address. The challenge with changing your address is that all your customers and everyone who reaches you need to be aware.
would still need virtual mail because that is how you would get your mailbox (PMB) number and address. You can keep track using devices like your PC, smartphone, or tablet.
This does not have to be the case, thanks to these service providers. You can maintain your former address even after moving. These service providers will receive your mail and have it sent to your current location.
Also, whatever is sent can be gotten from several couriers with this option. Some of these couriers include FedEx, UPS, DHL, and USPS.
6. Multiple Users
This option is best for people with businesses in this country that need or want to relocate abroad. This is either on a temporary or permanent basis. It ensures that your professional reputation and credibility are not adversely affected by your relocation.
You do not have to be the only one using your account. Your spouse or employees can make the most of it as well. They would only need a username and password to control and view whatever is sent to them. In light of recent development, this works very well for people who work remotely. 3. Get a US Mail Abroad There are a few services that offer US mailing address to non-US residents. These services will usually offer a state residency along with all the benefits that a resident of the state will enjoy. All of these you can enjoy without being physically resident in the state.
3. Virtual Office
You would get an address needed for business purposes and can even do as much as open a bank account with it. Overall, your business correspondence can remain intact with a virtual office. 4. International Business Mail This is best suited for people who run a business in this country but are permanently residing abroad. Even those with businesses in this country and that reside temporarily abroad can
equally make the most of it. Confidentiality is one of the major highlights of this option. For example, your business or home's location can be kept a secret. This is because the issued street address is not real. This allows users to avoid any mail they do not want. There are additional features that can be engaged with this option. For example, specific instructions can be added to each mail before sending them out. Conclusion It is also worth knowing that some of these companies offer other related services that can be helpful. For example, some mail-forwarding companies in South Dakota help expatriates get residency. You can visit https://www.dakotapost.net/ for more information about this. There is so much that expatriates stand to gain working with mail forwarding services. This is especially for those with businesses set up before relocating. They need to make the most of these companies.
Regarding mail forwarding services, some services that expatriates can make good use of include: 1. Virtual Mailbox This allows them to get a physical address for mailing purposes. This address can be used for either personal or business correspondence. This option allows you to access whatever is sent to you via your email address or your cloud account. 2. Digital Mail It has a lot of similarities with the option discussed above. In fact, you
www.theenterpriseworld.com | 57
JIRA PRODUCT REVIEW
58 | November 2023
Overview: Atlassian developed Jira, project management software for Agile teams. Initially, it was released in 2002 as a bug-tracking proprietary software. However, over time, Jira transformed into a suite of Agile work management solutions. It brings collaboration across multiple teams and team members with different functions. Users can customize the platform to work for teams of all sizes with its excellent scalability and integration. It enables managers of projects to plan, assign, track, and review projects in real-time.
Establishment Year: 2002
Founder: Atlassian Corporation
Headquarters: Sydney, Australia
No. of employees: 8000+
Website: https://www.atlassian. com/software/jira
www.theenterpriseworld.com | 59
Jira supports the following project types: Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ
Service management Work management Marketing HR Finance Design Personal Operations Legal Sales
Products of Jira: Jira offers four products to provide the necessary tool and templates for businesses of various sizes and different types of projects: Ÿ Jira Software: It can be used for planning, tracking, fixing, and shipping world-class software. Ÿ Jira Service Management: It can help the customer care
60 | November 2023
desk track and enable fixing customer issues quickly and effectively. Ÿ Jira Work Management: It allows users to manage projects related to every department within the organization, from marketing and recruitment to legal and operations. Ÿ Jira Align: It is built for small-scale enterprises to connect all the teams and bring them on the same page and get real-time visibility into every project. Pros and Cons of Jira Jira software aligns with an Agile flavor and gives additional advantages for non-software projects. Its methodology focuses on recognizing and completing the most important tasks due to which the team delivers continuously and does not create a bottleneck. This quality sets it apart from other competitors. Its unique approach can help any non-IT project, whether it is ready to launch into the market or sales pipeline, or recruitment and onboarding project.
Exclusive Features: Jira provides exclusive features to improve project management and utilize various tools to increase efficiency and productivity. Ÿ Issue Management: Jira offers project tracking features in which every project is a collection of issues to be tracked. With the help of Jira, every issue can be further broken down into stories and tasks. It helps to finish the project on an early basis and manage problem-solving skills. Ÿ Agile Development: Jira is assembled for Agile development, it allows to collaborate with Scrum, Kanban, and bug-tracking boards. Users can choose a project based on their requirements for example Go To Market, Recruitment, Onboarding, Budgeting, etc., and also benefit from these boards. Scrum and Kanban are two different boards with whom Jira can ship. These boards help Jira to track issues and log multiple project views. Ÿ Bug Tracking: Originally, Jira was cultivated to track bugs in the software development process. Its program includes a bug-tracking template that makes it very easy to track, record, and fix bugs. It can prioritize bug fixing by viewing it on a single board with a single click. Ÿ Role Assignment Features: Despite all free plans offered by Jira, a user can assign different tasks to administrators and assign different roles to them, for example developer, reporter, and viewer. With the help of these roles, global and project-level
permissions can be requested with customized notifications, email notifications, etc. Ÿ Roadmaps: This feature enables stakeholders to see the big-picture view of any project and review the overall progress at a glance. This kind of high-level and visual summary of the project's goals, timelines, and priorities facilitates managers to perform critical tasks and deliver the most valuable work first. Roadmaps empower stakeholders to align around project objectives and promote accountability and transparent communication. Jira Customer Reviews: Ÿ Most Effective Project Management Tool For Efficient Work Flows: JIRA Software is an exceptional project management tool that can assist teams with planning, carrying out follow-up activities, managing budgets, and optimizing their workflows. It is a full software package that enables teams to work together more effectively while keeping track of the project's development. JIRA Software enables teams to create, track, and prioritize issues, mistakes, and tasks from a single location.
FAQs 1. What is the main function of Jira? The prominent function of Jira is to plan, assign, track, and manage projects regarding software development in real-time. Jira enables Agile teams to align quickly and more frequently. It empowers IT teams to track bugs in the initial phase to fix them successfully. 2. Is Jira still the best? Being one of the most affordable project management tools on the market, Jira can be used for various ranges of projects from HR, marketing, and operations to management at the workplace. Jira is an excellent choice for managing software projects that helps you to plan, organize, budget, and track the progress of the project.
Ÿ A Must-Have, But Not A Pleasant Experience: Jira is what I would call a necessary evil. It's an unpleasant user experience and requires a lot of investment to learn both as a user and especially as an administrator. Having used other task tracking and project management tools for the SLDC, however, Jira is truly the only one that offers the customizability and add-ons required to manage tasks across a large organization.
www.theenterpriseworld.com | 61
STORIES TOLD WITH A NEW PERSPECTIVE! If conveyed in an engaging manner, good stories can develop into great ones. At The Enterprise World, we are on a pursuit to give voice to some of the untold success stories from the world of business. Our proficient team has the knack for identifying successful stories and transforming them into compelling stories through our professional and artistic touch. This, combined with our proven industry experience, make our magazines compelling and insightful. In these business stories, we cover clients across various sectors such as technology, consulting, finance, manufacturing, healthcare, etc. These include inspiring success stories of companies as well as business leaders from these verticals. From North & South America, Europe, and Middle-east to Africa and APAC, we serve clients across the globe. These clients include startups, small and medium-sized businesses (SMBs), as well as large conglomerates. We focus on building positive and long-term relationships with our clients. To align with the client's vision and mission, we give a human touch to every story we publish. Our team prioritizes the promotion of services and products of clients through our readerfriendly platform. Our experience in storytelling helps us connect with the featured leaders/companies, helping them achieve steady organic growth without having to invest too much time or money. We also keep in mind our avid readers. Through these neatly-depicted business success stories, we aim to inspire the younger generation to pursue entrepreneurship and business as a lucrative career option. Moreover, through our exclusive section 'The Enterprise Diary', we provide readers with the much-necessary market insights and trends from the business world. Keep reading our magazine to get inspired and stay up-to-date with everything business!
w w w . t h e e n t e r p r i s e w o r l d . c o m Follow Us On: