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Businesses cannot afford to stand still. The world and its population are constantly changing - Essay Example

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Businesses cannot afford to stand still. The world and its population are constantly changing

The world around this business can never remain unchanged as every second, something happens. Every change, whether it is demographic or social, leaves a certain impact on the business and everything around it (Pride et al 2011 3). Demographic changes around the world has showcased that there has been an ever increasing change in the population that means more chances of economic growth and employment. These changes are actually reconstructing the labor market all around the world and are eventually changing the picture of many running businesses. There has been a decline in the birth rate which has resulted in an ageing population. Many businesses like the ones in Japan has adapted to this change by making many sensible decisions like investing in robotics for children care and the aged care (Schoemer 2001 21). Whereas in case of social changes, these are considered to be some short-lived fads or they bring some very permanent changes in the market. When a social trend makes its place, it means that it will be followed by some changes in supply and demand of a certain commodity/industry. This can leave both, good and bad, impact on the business. ...Show more

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[Professor Name] [Course Number] [Professor Name] [Date] Businesses cannot afford to stand still. The world and its population are constantly changing Business is surely something that cannot certainly survive without experiencing changes within it and if it gets successful in adapting to these changes, than there is a guaranteed success waiting for it…
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Businesses cannot afford to stand still. The world and its population are constantly changing essay example
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