Change in the Business Environment

The business environment is always changing because there are new things that come up in business every day. The new ideas that are coming up in business can work well and remain in the business environment or fail and be removed from the business environment. When these ideas that get accepted to the business environment start to be used in the market, it is important that even the new businesses also start using them. The new businesses and the old ones can also choose not to accept the new ideas and refuse them using all the available economic tools. The development in technology also affects businesses and the economy a lot. The reason why there are always new business ideas in the industry is so that the development of new things such as technology can be made to satisfy the needs that customers always have. However, old business that were started using different methods that are not the same with the method used today bring in problems. The problem starts when the old businesses refuse to start using the new methods that are being used by the new businesses.
There is also a relationship in the external factors such as the time the business started, how it sets the prices of its things, the way it sells them to people, and how it employees people to become leaders in the company and the way the company performs. These factors and other factors from the business environment can help tell the way technology can be used in the company. For example, look at IBM and Microsoft companies. In this article, it is seen that the two companies used methods that are said to be very old. The two companies decided not to start using the new method that other mew companies were using because they did not see the importance of using them.
Co...

... middle of paper ...

...tition. Companies may have all the required resources to produce specific assets, which serve the interests and needs of these markets. It should make sure that there is enough money that makes it successful.

Works Cited:
Timothy Bresnahan, Shane Greenstein, &Rebecca Henderson. “Schumpeterian competition and diseconomies of scope; illustrations from the histories of Microsoft and IBM.” Harvard Business School. Pp. 1-69
Cook, Paul. Leading Issues in Competition, Regulation and Development. Cheltenham (UK: E. Elgar, 2004. Print. Pp13-32

Works Cited:
Timothy Bresnahan, Shane Greenstein, &Rebecca Henderson. “Schumpeterian competition and diseconomies of scope; illustrations from the histories of Microsoft and IBM.” Harvard Business School. Pp. 1-69
Cook, Paul. Leading Issues in Competition, Regulation and Development. Cheltenham (UK: E. Elgar, 2004. Print. Pp13-32