4 Biggest Causes of Business Instability:
De/regulation
The level of Global Competition and Access
Changes in Technology
The Stock Market
Creative Destruction - capitalist economies grow by creating new businesses that then destroy the old ones.
Only innovation in product or process created profit in a truly open market, and even then only temporarily, as competition either mimics, or supercedes your innovation.
Such a volitile environment leads to huge oppurtunities and fiercer competition, as well as enourmous risk-taking, bringing equally enormous profits ar disaster.
Innovation requires talented people to come up with new ideas and then turn the ideas into profits or cost savings. But executives at dozens of companies say their biggest problem is a shortage of good employees. They can blame themselves for part of the problem: throughout this expansion, layoffs have continued to be a core part of many strategies, leaving companies with lower costs but fewer experienced people.
Will global capitalism eat itself? If so what's next?
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