Businesses in the 21st century face new challenges- How should they react to this?
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Name: Nicky Loreto Student Number: 14727447 Year: MBA 2005 Course: Communication for Business Essay Topic: Businesses in the 21st century face new challenges- How should they react to this? Lecturer: Dr Therese Fish Date: 10 January 2005 Table of Contents Page 1. Introduction .......................................................... 2 2. The changing world ................................................. 3 3. Managing business change ........................................ 4 3.1 Strategies business should consider when facing new challenges in the 21st century................................. 4 4. Conclusion............................................................. 8 5. Bibliography........................................................... 9 Businesses in the 21st century face new challenges - How should they react to this? 1. Introduction Demographic and technological trends are significantly changing the way companies relate to their competitors, suppliers, customers, shareholders and employees in the 21st century. As the 21st century approaches, powerful forces are transforming markets and dramatically changing ways of doing business. Increased movement of people, goods, and organizations across borders has resulted in the emergence of global market segments and the growth of globally integrated markets. As a result, firms need to adapt and rethink strategies to respond to these globalizing...

