Reference no: EM132833215
Question: Some of the changes in the external environment can provide business opportunities (technological discoveries, lifestyle and taste changes, and so on). Identify some recent changes on current trends that includes its economic, technological, legal/regulatory, demographic, social, and natural environments . Along with the business opportunities they might offer.
Notes:
Economic environment-Foreign investment; growth of developing nations; rising wages in developing nations
Technological environment-Internet, artificial intelligence, augmented reality, and cloud computing
Legal/regulatory environment-Free trade agreements; anticorruption laws
Demographics-Aging population in developed nations; growing population worldwide, especially in the developing world
Social issues-Cultural differences; bribery concerns
Natural environment- Intensifying demand for resources, including oil, water, and food; growing desire for sustainable products and operations; increasingly endangered species; climate change
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: Question: Some of the changes in the external environment can provide business opportunities (technological discoveries, lifestyle and taste changes, and so on)
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