Author Question: According to Porter, in the new economy, technology has become the most important driver of change. ... (Read 48 times)

@Brianna17 · **on:** Jul 7, 2018

According to Porter, in the new economy, technology has become the most important driver of change. List and describe three emerging forces that will affect technology as described by Porter.

What will be an ideal response?

Question 2

A line of business is an organization unit that conducts business activities with common customers, products, and market characteristics.

Indicate whether the statement is true or false

annierak · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

1. Digitalization. As technological innovation accelerates, new business models
continue to emerge, disrupting the basis of competition in a market. Traditional printed and recorded media will increasingly be created and circulated in digital format as to the their respective traditional formats.
2. Globalization. Cheaper telecommunications costs and faster transportation logistics make it possible to companies to conduct cross border trade. Market dimension is no longer local but global. An organization could achieve significant considerable competitive advantages if it can reach far-reaching networks of partners for mutual benefits.
3. Deregulation. Under the auspices of the World Trade Organization (WTO), governmental influence on trade has diminished in many industries. Local monopolies are losing their market power. Thanks to IT and a deregulated market, geographically remote firms can impose anytime, anywhere presence, therefore forcing local businesses to revisit their strategy.

Answer to Question 2

TRUE