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Interestingly, universities have introduced courses on change management in an effort to prepare students to deal with the phenomenon. The term refers to the act of creating or taking a…
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Download file to see previous pages In the next one hundred years, advancements in information technology and communication promise to transform the business landscape in a significant manner. As a result, the success of managers will depend on their ability to identify the skills needed to thrive in a changing business landscape and taking the necessary steps to acquire them (Quast 2011).
The paper has adopted a broad approach to the issue. The move is influenced by the realization that changes in the business environment affect all the industries. Consequently, the best way to have a significant impact in the society is to evaluate the issue in a manner that is useful to a broad section of business leaders.
An evaluation of the society reveals key trends influencing the change landscape. In this section, those trends will be addressed. In addition, it is necessary to address the best way for business managers to respond to these changes. The first trend involves the creation of a global village. The current physical boundaries are bound to be overwhelmed by the borderless internet. A significant drop in the cost of computing devices and bandwidth has led to a significant increase in the number of internet users. Prominent individuals and established organizations have joined forces to increase the adoption of the internet. For example, the founder of Facebook, Mark Zuckerberg has created in an effort to get all people online (Eugene 2014). Should such efforts achieve a modest result, then a large part of the world will have access to the internet. Business organizations would have the opportunity to communicate to consumers from different parts of the world through social media platforms. Similarly, they will be able access a large market through the adoption of e-commerce. However, the negative consequences involve increased competition among businesses. Furthermore, the cost of starting a business that can disrupt established ...Download file to see next pagesRead More
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