Modern World Trends And Megatrends

One frequently asked question in business today that is least answered is, as stated by David Chaudron, PhD (2003), “What can we do to make our business flourish, survive and grow?” With the rapid changes in technology and the rise in the globalization of markets, we must have a game plan in place for adjusting to these changes. It has become increasingly difficult to predict what is going to happen, and there are thousands of obstacles and opportunities along the way. To add to the confusion, there are thousands of products, solutions and methods for dealing with these changes. With many brands, sizes and varieties it is very difficult to choose what is best for your organization. Add to that,

Technological advances over the next ten years are projected to grow at an astronomic rate. As business owners you must consider carefully all of the affects the different forms of technological advances will affect your business.

Due to the growing competition and diminishing market share, companies are opting for different strategies to achieve their survival objectives as well as growth. Companies are thus executing grand strategies to provide their businesses with a clear direction for its strategic actions. These strategies, therefore, aim at both short term and long term sustainability and growth, and they include innovation, market development, product development, and concentration.

The same can be said for trends and products. They have witnessed what a mistake it is to ignore their past progress and simply focus on what is next. While it is important to spend a great deal of time working towards advancement, especially in a market that is rising. However, it is very difficult to ignore what brought about all of these changes and what has been working (Kerin, Hartley & Rudelius, 2013).

The Impact of Cell Phones On the Canadian Life Cell phones have been accepted as a part of the everyday Canadian life. Since the popularity of technology has drastically risen over the recent years, the impact it has also increased. Although there is many benefits to cell phones, I believe the negative impact greatly surpasses the positive impact on our lives today. Society has become so dependent on cell phones it’s almost unbearable to go 24 hours with out it. We are so reliant on texting that our interpersonal skills are suffering.

Businesses continually adapt to a changing environment to maintain their market position (Appelbaum, Habashy, Malo, & Shafiq, 2012; Biedenbacha & Soumlderholma, 2008). Change is inevitable considering the current rate of technological advancement and the growth in global competition (Appelbaum et al., 2012; Armenakis & Harris, 2009; By, 2007). Increasing competition and the need for strategic flexibility and globalization is affecting almost every organization today, regardless of size, market, focus, and so on (Jaros, 2010).

Organizations must carefully invest in changing technologies to earn a profit. It is hard to estimate the technical success of a product and its market success. It is necessary that organizations recognize opportunities and threats, and generate moves that can facilitate successful commercialization. It is impossible to predict what will happen next in the market, so organizations must carefully invest and should be prepared for both the positive and negative outcomes as well as some surprises. To foresee the future and manage uncertainty organizations follow certain frameworks like following trends, relying on an expert’s opinion, conducting industrial analysis, searching for analogies from the past and constructing scenarios. All these frameworks rely on the past patterns and the present market conditions to analyze the future, but its certain that past does not fully reproduce itself in the future. These frameworks also help us to compare the events in the past to the events in future

In modern society with technology being so closely tied to having a competitive advantage, a lot of industries compete to keep up to date with new developments. The invention and increased use of computers, internet, and phones have all made a major impact on organisations around the world.

As technology continue to refine how products and services are delivered to consumers, competition among industry participants becomes more refined. Organizations that are able to keep up with changing technologies become leaders while those that are not fall behind. Mergers and acquisitions are increasing while causing small businesses to sell out or seek partnerships and cooperatives in order to remain competitive and relevant.

Using the readings and enrichment materials for the unit, define and analyze ways in which innovation at HCL Technologies will likely be influenced by trends shaping global markets. Make sure to name at least two trends that inform your analysis and provide at least one reference (other than the case study) to support your rationale. Please remember that trends refer to sustained and systemic change across boundaries of cultures, economies, technologies, and ecosystems. Be mindful that trends are not specific initiatives implemented by leadership within the HCL case study.

company and the industry is based on trends that are constantly changing to the next big hit.  The

The current business climate is a constantly changing and evolving beyond predictability; adaptation and cohesion are now the bare minimum that businesses must do to survive. Innovation is now a requirement for any successful corporation to not only sustain but to thrive. The manifestation of innovation often is viewed as the newest technology that enables consumers to use a product more efficiently. However, the true use and definition of innovation is commonly found in a business model in partnership with new technologies. (Teece, 2010) Recognizing the value in both halves of this equation is a characteristic found in all top competitors in the modern economy. It is required for current functionality as well as the longevity of the

The ways that have major trends is in the tech, and online shopping industry. With the tech markets performing well the daily markets are changing. When looking at the charts you can see Amazon’s growth charts from this year, the markets are predicting Amazon to be at all time highs for the company over the next 5 years. During the past four years amazon has become a big trend in online shopping. In 2015 Amazon was trading at 443$ ((Cnbc Amazon quotes, n.d.)

The case study of “Disruptive Innovation” is a studying that concentrated and described an innovation as the affordable price products for people in the entire world to use. This research indicated about certain disruptive innovations such as the laptops, the routers, smartphones or desktop photocopier that are the substitutions for other companies’ commodities. Furthermore, Porter five forces strategy is a structure to examine the level of competition in today’s market and to make an improvement for the business strategy. Likewise, these forces are including: the threat of new entrants, when suppliers have power, when customers have power, the threats of substitutes and intensity of competitive rivalry. Therefore, this report was assigned to analyze Porter’s five forces strategy for applying toward the case of disruptive innovations and demonstrating on how it affects or relates to most of the companies worldwide.

Economic realignment, evolution of technology, changing demographic trends and new ways of living and working are radically altering how education providers operate. These trends may be gradual but they are also powerful trajectories of change that have the potential to thrust education institutions, companies, governments and societies into freefall. The change heralded by these megatrends lies beyond our direct control but not beyond our influence. By getting a picture of how the world is changing and what these megatrends are, we can alter our destiny and remain viable and thrive in the future. Not only can we understand our market threats, but more importantly we can identify business opportunities and it is those institutions that recognise global trends and plan for a changing world that will be the market leaders of the future.