Forces driving successful change

There are certain economic and social forces that drive the need for major change in organizations. These include technological change, international economic integration and maturation of markets in developed countries. The technological changes include faster and better communication and transportation and more information networks connection people globally. International economic integration results in fewer tariffs and currencies linked via floating exchange rates. There is more global capital flow all together. In developed countries there is a slower domestic growth and more aggressive exporters and more deregulation. All together this leads to the globalization of markets and competition. The hazards of this are the increased competition and the increased speed of the market development. On the other hand, the markets are bigger and there are fewer barriers.