The three major challenges faced by businesses today are globalization, advances in technology, and deregulation.
- Which of these affords the greatest opportunity for established businesses?
- Which affords the greatest opportunities for new businesses? Why?
Of these three, deregulation, advances in technology and globalization, which is most advantageous for an established business? Globalization offers the greatest opportunity for an established business to expand its markets. An established business already has a cyberspace presence, so it is already taking advantage of advances in technology to promote and attract new business. It already is in place as a viable business concern to take advantage of deregulation's opportunities in light of a less imposing government presence in a free market - but it is specifically in expansion of its existing markets, outsourcing its supply chain and ...
Of three opportunities, which offers a new or an established business more, and why is determined. The greatest opportunities for new businesses are given.