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Unemployment worldwide – Statistics & Facts

Unemployment rate is defined as the number of people in working age that are currently unemployed but are actively looking for a job, divided by the total labor force. As of 2020, global unemployment rate stood at 6.57 percent. This figure is much higher than in previous years and can be attributed to the effects of the COVID-19 pandemic. The unemployment rate is a lagging economic indicator, which means that it reacts to past circumstances, rather than predicting in which direction an economy may evolve.

Self-transformation Before Strategy of Startup

There can be million reasons why a startup project can fail, but only a handful why it can succeed. This reflects reality of things, since more than 70% of startups fail after a few years from launch. Success of an undertaking (or failure) is not just about the business concept as such, but more importantly about the people behind the business. The majority of people do not do enough. A lot of the startup projects fail because of lack of strategy and value proposition, but also lack of drive of the people behind them.

How to use the ” Blue Ocean Strategy”

It is very common in the business world that the entrepreneur considers it essential to know their competition - product, price, scope, value proposition, etc. - to know how to "defend or attack", in short, how to position themselves in the market. And several scholars in the field believe that this understanding is essential for the success of the enterprise.

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