I foresee it as something that is knowledge-based, surrounded by sophisticated technology, full of multi-cultural and skilled workforce. This idea evolved because of changes in the environment that is…
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It will operate in the period of a technological revolution wherein internet, e-commerce, wireless telecommunications become tools of management in its business operation. This era ushers in knowledge workers because the biggest changes in this era are technology and information, and the defining characteristics of workers are their education and training.
The operating structure will also be challenging because the idea of ownership and structure changes. Globalization entails going into joint venture, partnerships, marketing agreements, outsourcing, and strategic alliances that need new kind of relationship that replaces the traditional command and control.
Thus, while the business environment is changing, so does the organizational structure. Management has to redirect its thinking from a vertical form of organization to a flat and horizontal one because of the importance of dealing with regional divisions.
In summing up the way business operates in the 21st century will be thoroughly changed. It is an era of faster technology, newer gadgets, apps and mobility in communication taking place. Due to modernization, a far-away country is just another’s neighbor; such that businesses can be established anywhere and yet can be managed by its head office efficiently. Tracking is a way of business so that outsourcing of deliveries can be located any time. Reports and face to face communication can be done anytime thru the internet, so that information about operations is relayed to head office anytime it is needed.
In conducting an in-depth analysis of an industry, organization, or economic sector, the findings I have outlined will help me. An in-depth analysis requires an understanding of the industry. Statistics regarding trends, past performances and trends are needed. For instance, if I am going to make an industry analysis on the chemical industry, I will have to research on its sub-sectors, particularly on the area I am interested in like
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(“Industry/Organization Analysis Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
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(Industry/Organization Analysis Essay Example | Topics and Well Written Essays - 500 Words)
“Industry/Organization Analysis Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/history/1638255-industryorganization-analysis.
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