Hardly a day passes without an influential entrepreneur or a political figure calling for organizations both in public and private sectors to incorporate scientific methods in their operations. This is because the world is currently experiencing digital revolution and the companies that will survive are the ones that will incorporate technology as an important factor in their long term growth and existence. Wes Edens is an experienced expert who understands the benefits of technology.
The investment mogul has implemented multiple strategies that would help Fortress Investment Group to incorporate advanced techniques that would help the company to be modern so that it can remain relevant and competitive in the era of digital revolution, which is mostly characterized by exponential organizations that are operating in the online platforms. Here are some important strategies that Wes Edens adopted with the aim of ensuring that the asset manager works efficiently.
The initial strategy that Wes Edens focused on is ensuring that Fortress Investment Group had enough capacity that would enable it to incorporate advanced technology in its operations. The capacity of the organization could be measured in terms of the necessary finances, human skills, and physical conditions. Fortress Group had sufficient resources to buy and install technology while the members of staff required training so that they would be able to operate with the new machines.
One of the primary benefit that Wes Edens intended to achieve after incorporating modern technology is cutting down organizational expenses that were brought about by a large number of employees. The company was able to minimize the number of workers, which helped the firm to save a significant proportion of resources. The money saved by the organization was used to build more capacity in the organization while at the same time maintaining some facilities.
Wes Edens also wanted to enhance the efficiency and effectiveness of the organization by ensuring that most of the operations carried out in the company were done within a short period. For example, the customer care department was installed with computers that would help the members of the staff to serve the large number of customers who want to get various services.
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