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Social media technologies allow user-generated content and provide new opportunities and challenges for firms to transform their business.
Focusing just on tape-based systems, all of the basic design approaches had been identified by the late 1950s and thus one of the largest technological challenges for firms has been to modify the design in response to improvements in the magnetic recording density of tape.
The fast-moving and unstable events in Egypt after the 2011 revolution presented similar challenges for firms seeking to represent the government there.
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In short, Parmalat highlights a big new challenge for firms, particularly those with foreign assets.The American wayTwo trends suggest that American standards will gradually triumph.
It will be more of a challenge for firms to acquire other companies because there are a number of players focused on striking their own balance sheet and raising capital.
"You need to be close to the clusters of innovation to get people who've interacted with leaders in the field," says Cedric Loiret-Bernal of NanoInk, a Chicago-based start-up.A key challenge for firms and investors is where to focus.
But a major challenge for firms scanning the periphery of their networks is how to manage the explosion of information.
Pressure to manage complex and dynamic brand portfolios has posed a serious challenge for firms in protecting their brand identity and retaining loyal customers.
Southeast Asia is frequently lauded as a market with immense potential for technology — a 2016 report co-authored by Google tipped the region's internet economy to grow 6.5-times to reach $200 billion by 2025 — but with a comparatively small tech talent pool, recruitment is challenging for firms like Grab.
More generally, finding better mechanisms to enable differential pricing between and within low and middle income countries is an important challenge for firms and policymakers.
One of the main challenges found for firms was access to markets, with firms looking beyond the Ugandan market into the Democratic Republic of Congo (DRC), Southern Sudan, and Rwanda.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com