Identify the driving forces for change in the industry.

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.

What are is driving force for change in industry?

Driving forces for change:

The strategists has to understand the macro environment of the industry that initiates or may initiate change. Industry and competitive conditions may change because sudden forces are in motion. They create incentives and pressure for change. These are known as driving forces for change in industry.