Chapter

1.8. Trends in the Business Environment and Competition*

From IntroductionToBusiness OP 8D04gAa

Concepts

1. How are changing workforce demographics reshaping companies?

   "Trends in the business and economic environment occur in many areas. As noted earlier, today’s workforce is more diverse than ever, with increasing numbers of minorities and older workers. Competitio

2. Why are diversity and inclusion important to business strategy?

   "Another factor in the changing workforce is the importance of recognizing diversity among workers of all ages and fostering an inclusive organizational culture. According to a recent report by the U.

3. How are global energy demands affecting competition and supply security?

   "Global Energy Demands As standards of living improve worldwide, the demand for energy continues to rise. Emerging economies such as China and India need energy to grow. Their demands are placing pres

4. How are companies meeting competitive challenges through relationships and alliances?

   "Meeting Competitive Challenges Companies are turning to many different strategies to remain competitive in the global marketplace. One of the most important is relationship management, which involves