Top Five Factors Affect the Global Business Environment
In this early decades of 21st century, the world is changing at extraordinary pace where one side there are global challenge like climate change, terrorism, falling water tables, rising food/water/energy prices, resource depletion; on the other side there are opportunities like technological advancement, increasing internet users, digitization of business and increasing uses of renewable energy. Comprehensively, in these contexts of opportunities and challenges, today global business environment is directly influenced by availability of raw materials, reliability of supply chain, labor supply, wages, worker expectations, government regulations and consumer demand. As the global business environment is dynamic and fluctuates therefore companies that want to grow its business at global level imperative for its business executive or business manager to have sound understanding of external factors that affects functionality of the business. This blog aims to high...