Driving forces for change in the industry are enlisted below -
- Internet and the e-commerce opportunities and threats,
- Increasing globalization of the industry,
- Changes in buyers and their way of buying,
- Thechnological change,
- Defussion of technical know how accross more companies and countries,
- Change in cost and efficiency,
- Changing societal concerns, attitudes and lifestyles,
- Change in regulations,
- Reduction in uncertainty and business risks.
The above mentioned factors are considered to be the driving forces for change in the industry.
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