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1. Increased level of competition – totally and internationally.
2. Fair or unfair competition.
3. Increased research and development activities, in conciliation and inventions.
4. Reduced government intermediaries. Very fair rules and regulations set by national or local government in relation to production and consumption of goods and services.
5. International / global interventions. In most cases the global forces are unknown to majority of stakeholders hence creating a lot of uncertainty in reference to long term survival of business.
6. Declining individual, business and societal ethics.
7. Drastic changes in task and preferences of different stakeholder.
8. Need and emphasis on development of informal sector.
9. Changes in social trends
10. Increased levels of education and awareness.
11. Gap between the rich and poor, informed and uninformed, educated and uneducated.
12. Drastic and unique development in technology especially in information technology.
Titany answered the question on November 29, 2021 at 12:57
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