Competitive Business Environment and Emerging Digital Firm

Four Powerful Worldwide Changes That Altered Business Environment: 

1. Globalization 
2. Rise of the Information Economy 
3. Transformation of the Business Enterprise 
4. Emergence of the Digital Firm Globalization 

• Management and control in a global marketplace 
• Competition in world markets 
• Global workgroups 
• Global delivery systems 
• Rise of the Information Economy 
• Knowledge- and information-based economies 
• New products and services Knowledge: 
• a central productive and strategic asset 
• Time-based competition 
• Shorter product life 
• Turbulent environment 
• Limited employee 
• knowledge base Transformation of the Business Enterprise 
• Flattening 
• Decentralization 
• Flexibility 
• Location independence 
• Low transaction and coordination costs 
• Empowerment Collaborative work and teamwork

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