What are the key drivers of change in business environments?
Several factors drive change in business environments. Technological advancements, globalization, regulatory changes, and evolving customer preferences are some of the most significant. These drivers compel businesses to adapt quickly or risk becoming obsolete. For instance, the emergence of digital transformation has revolutionized how companies operate, demanding new skills from leaders and employees alike. Similarly, globalization has intensified competition, requiring leaders to be more innovative and strategic.