What Businesses Could Learn From the Occupy Wall Street Movement

Occupy Wall Street (OWS), a series of demonstration that are ongoing in New York City, has been producing Wall Street the headlines for weeks. Calling itself a "leaderless resistance movement" among persons of all races, genders and political principles, OWS is mainly built about anti-corruption sentiments, and is protesting against corporate greed, financial and social inequality, and corporate influence.

Amid criticisms for creating imprecise and informal demands, OWS is relaying its message by the catchphrase "We Are The 99% that will no longer tolerate the greed and corruption of the 1%."

Spearheaded by Adbusters, a Canadian activist group, OWS touts the empowerment of genuine individuals to make genuine alter. It insists on a world that requires neither Wall Street nor politicians for a greater society. Upholding non-violence, OWS utilizes the Arab Spring strategies to assure that all participants are secure.

From its beginning point in New York City, Occupy Wall Street demonstrations are spreading to 70 cities and at least 600 communities in the U.S. On the global front, OWS-modeled demonstrations are also simultaneously becoming held in far more than 900 cities - all keeping home business leaders speculating, deliberating and trying to acquire the suitable way to respond.

In a benefit-disadvantage analysis of the scenario, The Harvard Business Evaluation puts emphasis on actuality of the high percentage of CEO pay vis-à-vis its employees' salary, which is a telling sign of persistent economic inequality. It is highlighting the need for businesses to reevaluate their business and software program techniques, and include a determination of their current compensation models.

According to , protests occurring outside the Wall Street offices can be an chance to reevaluate their management of anti-home business sentiments, when responding to protesters on an equal footing as is the case with public discourse.

Identifying opportunities for organization development, is noting that organizations can discover from the way OWS is successfully expanding itself on a global scale, which it practically did with heavy reliance on social media. Firms are in a position to leverage social media as no-expense and low-cost tools for their own global expansion, with international organization marketing techniques factored in.

Ordinary consumers participating on the Occupy Wall Street movement are now getting comfortable with modern day technologies such as video conferencing on computers, webinars and interactive programs of the same type - in order to reach out and share normal information. Small and medium home business enterprises, as properly as the world's largest corporations, can find out a lesson or two from that.

The rapid boost in the number of OWS protesters is becoming far more and far more phenomenal. This may be attributed to the kinds of data they are able share through the modern technologies, as properly as potent methods and tools they employ to obtain their own vision and version of good results.

Case in point: wide reach via online coverage, as well as the value of the Net for expansion purposes cannot be overemphasized. Protests can develop into the subsequent massive world story and so can any business that takes benefit of the energy of modern day media.