Nationwide, local organizations are struggling to survive in today’s business environment. In the modern economic environment, only World-Class Organizations can survive. To be a World Class Organization, community run organizations need to adapt to globalization, technologization, and the information revolution.
Globalization has been a driving force in the modern economic environment because large organizations have utilized offshoring and outsourcing to reduce labor cost. Community organizations are competing against companies that can provide extreme discounts on products and services.
Technology has been a driving force in the modern economy because technology is simplifying arduous tasks, and in some cases completely replacing certain job sectors. The technology revolution has seen the introduction of drones, AI, and other machinery that can replace a human employee.
The information revolution has been the most impactful driving force in the modern economic environment. Information is accessible to everyone with a phone, TV, local library, computer and etc. Information is so accessible and spreads so fast. Yet, the regular customer has access to so much information, they can be inundated with information.
