Because of this the sales of homes and durable goods are on a steady upward pace. The economic growth opens the doors of opportunity for those who are prepared to put their ideas into action. In the 21st century, everyone will face new challenges that were brought about by the technological revolution that is changing the rules of business today. The power of telecommunications and computer technology is creating inexpensive, global networks that can transfer voice messages, text, and data within a matter of a few seconds. These technologies have helped to create new types of product and they also demand new approaches to the marketing of already existing products.
Business can easily manufacture, buy, and sell across the borders.
You can now get a Big Mac or a Coke almost anywhere in the world. Japan and Korean companies manufacture most of the electronic goods that consumers in the United State will buy. Mercedes Benz manufactures most of its sports utility vehicles in Alabama and General Motors cars are assembled in Canada. This rapid change in business landscape compels business people to react quick to the consumers shift in taste. Success requires creativity and split-second decision making.