Global Forces: A Research into the Global Forces & Modern Day Firms

Global Forces: A Research into the Global Forces that Influence the Competitiveness and Relevance of Modern Day Firm
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Executive Summary
Over the turn of the 21st century, the business environment has been very much dynamic. Firms have experienced a fast-paced environment in such a way that those that fail to adapt to these changes will experience low financial returns or even losses. In the end, some are even compelled to exit the market. Change is the only constant in business, but this change is occurring at a terrifying pace. Different factors account for this change with many of them being predominant at the global stage. Moreover, their effects are felt fast as the unprecedented global network formed as a result of the hyper-connection among billions of people facilitates the instantaneous and frictionless spread of new ideas and innovations. This interconnectedness coupled with exponential advances in technology, growing political uncertainty, shifting values and attitudes, and rapidly changing demographics guarantees that the upcoming decade is bound to be an interesting one in the business world.
Table of Contents TOC \o "1-3" \h \z \u Executive Summary PAGEREF _Toc20622038 \h 21.0 Introduction PAGEREF _Toc20622039 \h 52.0 Global Forces PAGEREF _Toc20622040 \h 72.1 Government Policies and Regulations PAGEREF _Toc20622041 \h 72.1.1 Taxation. PAGEREF _Toc20622042 \h 82.1.2 Interest Rates. PAGEREF _Toc20622043 \h 92.1.3 Mitigation Strategies. PAGEREF _Toc20622044 \h 102.2 Natural Disasters PAGEREF _Toc20622045 \h 112.2.1 Floods. PAGEREF _Toc20622046 \h 112.2.2 Earthquakes. PAGEREF _Toc20622047 \h 112.2.3 Mitigation Strategies. PAGEREF _Toc20622048 \h 122.3 Immigration and Labor PAGEREF _Toc20622049 \h 122.3.1 Quality and Output of Top Management Teams. PAGEREF _Toc20622050 \h 132.3.2 Mitigation Strategies PAGEREF _Toc20622051 \h 133.0 Conclusion PAGEREF _Toc20622052 \h 143.1 Recommendations: Modern Firms and Business Trends PAGEREF _Toc20622053 \h 143. 2 Summary PAGEREF _Toc20622054 \h 144.0 References PAGEREF _Toc20622055 \h 15
Global Forces: A Research into the Global Forces that Influence the Competitiveness and Relevance of Modern Day Firm
1.0 Introduction
The global economy is taking a new shape gradually. A keener observer will not the ongoing shift in global economic activities from the first world to third world economies. Emerging markets are having a tremendous growth in their consumer segment, which is a statistic that most company executives are perceiving as a positive trend for their business if they are to continue making profits over the next decade. Business executives have to fine-tune themselves to the global trends that are shaping the world economy. The preeminent global forces vary in intensity and thus, their influence is given different degrees of attention from business executives.
For instance, in the modern age, technology remains to play a prevalent role than any other force. Moore’s Law, which predicts that the technological capacity is bound to double every two years (Tardi, 2019). Nothing far from the truth as technology is becoming a predominant factor in every industry today. On the other hand, natural disasters form another aspect that...