Organizational Behavior under Radical Change - Term Paper Example

Even the smallest businesses are now targeting the global market. This can be seen as an advantage as new markets have been opened by the real challenge is to keep up with the drastic changes taking place. According to Araújo (2011) business and the corporate world have to be keen with the changes in their industries and the world as a whole to ensure that they are able to come up with relevant strategies to measure up with the changes. The technology today is advancing at the highest rate ever and this has led to emergence of other concepts and aspects like the social media, globalization among others.

While this happens, people from all over the world are now in a position to study and learn about global issues related to business and this has led to emergence of more qualified and skilled professionals from all corners of the world who can work effectively in any company. New degree courses have been introduced in universities that train and equip students on issues to deal with international issues like International business management and accounting among others. Communication has been simplified with the social media but most importantly is the growth of global languages like English which has eradicated linguistic barriers.

According to Thomas et al. (2013) the corporate world in the 21st century has been exposed to new opportunities as well as challenges. New markets have been created for businesses and more qualified people can now be access from any part of the world. The corporate world has equally been transformed in the past two decades. However, the transformation has not been an overnight occurrence that saw companies being upgraded like software. Instead, companies have been forced to develop new strategies and plans that will help them remain relevant in an ever changing market and industry.

The companies have been affected in three main areas; technology; globalization, internet and social media; and education. When talking