What Businesses Could Learn From the Occupy Wall Street Movement
Occupy Wall Street (OWS), several demonstrations that are ongoing in New York City has been making Wall Street the headlines for weeks. Calling itself a “leaderless resistance movement” among people of races, genders, and political principles, OWS is mainly built around anti-corruption sentiments and is protesting against corporate greed, economic and social inequality, and corporate influence.
Amid criticisms for making imprecise and informal demands, OWS is relaying its message through the catchphrase “We Are The 99% that may no longer tolerate the greed and corruption with the 1%.”
Spearheaded by Adbusters, a Canadian activist group, OWS touts the empowerment of real individuals to make real change. It insists on the world that needs neither Wall Street nor politicians for a better society. Upholding non-violence, OWS uses the Arab Spring ways of being sure that all participants are secure.
From its starting place in New York City, Occupy Wall Street demonstrations are spreading to 70 cities and at least 600 communities within the U.S. On the global front, OWS-modeled demonstrations may also be simultaneously being kept in more than 900 cities – all keeping business leaders speculating, deliberating and seeking to obtain the optimal way to react.
In a benefit-disadvantage analysis from the situation, The Harvard Business Review puts increased exposure of actuality in the high number of CEO pay vis-vis its employees’ salary, which is a telling manifestation of persistent economic inequality. It is highlighting the requirement for businesses to reevaluate their business and software strategies, you need to include a determination of their existing compensation models.
According to The Harvard Business Review, protests occurring beyond your Wall Street offices can be a possibility to reevaluate their control over anti-business sentiments, while addressing protesters by using an equal footing as is also true with public discourse.
Identifying opportunities for business development, Business Finance Store is noting that people can learn from the way OWS is successfully expanding itself on a global scale, so it practically did with heavy reliance on social media. Businesses are capable of leverage social media as no-cost and low-cost tools because of their global expansion, with international business marketing strategies factored in.
Ordinary people participating in the Occupy Wall Street movement are getting comfortable with modern technologies, for example, interactive video on computers, webinars, and interactive programs of the same kind – so that you can reach out and share understanding. Small and medium business enterprises, along with the world’s biggest corporations, can study a lesson or two from that.
The rapid increase in the number of OWS protesters is starting to become a growing number of phenomenal. This may be attributed to the types of information they can share with the modern technologies, and also powerful methods and tools they employ to achieve their vision and version of success.
Case in point: wide reach through online coverage, and also the value with the Internet for expansion purposes is not overemphasized. Protests could become another big world story; and so can any organization that can advantage with the power of modern media.