External Forces
of Change
Internet
With the internet also comes amazing access to online shopping. Online shopping is gaining more and more popularity, while regular shopping has been on the decline. This change in shopping has been done through the Internet and online shopping as a whole.The internet allows for change in the classroom and workplaces all across the world. Remote learning has been implemented into education through the internet, as well as working from home possibilities on the computer. This change was influenced by the internet and is not going anywhere moving forward.
Globalization
As stated in the lesson, a change may need to be made regarding more competition. If a company is struggling due to competition all over the world, they may need to expand their business into different regions of the world, ensuring they remains competitive in all regions possible.The immense popularity and revenue that sports make across the world may influence countries to change the way they think about sports. Businesses may see the money made from the Super Bowl, or the World Cup, and change their marketing strategies to relate to these things and increase their revenue.
Political Environment
An example of regarding political environment may be a new tax that the government is introducing regarding technology products. Due to this new tax, technology companies may need to think of a way to change their business, by offering more products than solely technology products.Another example could be the government rasing the minimum wage. Businesses now must change the salaries and hourly wages of their employees as the government has changed the minimum amount they can be paid.
Technology
Moving Forward, Cars May Change to be fully self-driving. This new technology can be studied and implemented into the technology of all new cars produced, posing a big change in the automobile industry.With the sudden rise of Artificial Intelligence, many jobs in today's society may be changed through technology. For example, an online customer service representative may be replaced with a robot, as the technology is cheaper than paying a salary.
Others?
I believe that economic factors are external forces of change as well. it can be argued that economic would fit into the globalization section, but I think it is one of its own. With inflation currently happening in society, businesses may need to spend their resources more wisely, really paying close attention to their expenses and making financial changes in their workplace.
