As the Buddhists say, you can never step into the same river twice. Business has to be mean and lean. For example, Cassidy noted, only six of the companies listed among the Top 25 American corporations has dropped by more than 3.6 percent. In 1982, for example, only 13 people could claim to be billionaires. In 1997, that figure skyrocketed to 200 and has more than doubled since then, Cassidy added.
Globalization is the cornerstone of the technological revolution.
It's also defined by deregulation and free communication with people all over the country and the world. It has huge ramifications for society and culture. The decision to participate in this new economy is not ours to make. The liberal arts graduate is aware of the community context in which business is conducted. If corporations think only in short-term relationships with its stakeholders in mind will be the one that succeeds and survives.