T6 DQ2v3

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Grand Canyon University *

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805

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Management

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Nov 24, 2024

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Uploaded by BauerKingston2025

Do you expect the environment of rapid change to continue indefinitely? Why or why not? What factors will be the most significant in contributing to the continuance or abatement of this environment of constant change? Explain. The environment of rapid change will continue indefinitely. This is because the market has become customer-driven, and customers' demands are continuously changing and growing. Also, there is an increase in competition in the market. The rival firms compete with each other to gain a higher market share. Thus, they are focused on continuously providing additional features to the existing products or introducing new products to the market. Social inventions to cope with industrial changes had not kept pace with technological developments. Thus, the rapid economic growth experienced by the United States both before and after the turn of the century had disturbed “communal integrity” (Wren & Bedeian, 2020). The factors that will most significantly contribute to the continuance or abatement of this environment of constant change are the customers' demands, rivalry among competitor firms, and technology innovations. These will impact the constant change. The customers' demands are dynamic and growing regularly. While the competition in the market is growing as well. There are more manufacturers of similar products than there were before. Finally, the technology innovations have no boundaries. It is growing daily at a rapid rate. Only in case of either of these factors slowing down will the change be abated, else the environment of constant change will continue forever. Reference Wren, D. A., & Bedeian, A. G. (2020). The evolution of management thought (8th ed.). Wiley. ISBN- 13: 9781119692904

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