In order to manage change, we must understand what factors or forces influence change or bring about change. Your textbook lists some 7 forces that change how businesses operate. Consider the 7 factors or forces listed below. Take each factor and give a "real world" example of how that particular factor has created the need for change in a company or organization or how this factor might create the need for future change. For example, wireless communication is an example of a technological advancement. Wireless makes files and data available to remote workers and to anyone, anywhere, any time.
Technological Advances
Global Economics
Maturation of Existing Markets
Development of New Markets
Sociopolitical Developments
Increasingly Intense Competition
Increasing Influence of Stakeholders and Customers