Saturday, December 24, 2011

Identify the driving forces for change in the industry.

Driving forces for change in the industry are enlisted below -
  • Internet and the e-commerce opportunities and threats,
  • Increasing globalization of the industry,
  • Changes in buyers and their way of buying,
  • Thechnological change,
  • Defussion of technical know how accross more companies and countries,
  • Change in cost and efficiency,
  • Changing societal concerns, attitudes and lifestyles,
  • Change in regulations, 
  • Reduction in uncertainty and business risks.
The above mentioned factors are considered to be the driving forces for change in the industry.

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