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The world of business is, as everyone no doubt knows, an incredibly fast moving thing. A company can go from start-up through to success and then failure in almost less time than it takes to type these words – perhaps a bit of an exaggeration but the point behind it is true.
As technology develops we not only discover ways to do things better, we also find methods to do things faster as well. Transport, communications and more have all increased to the point where things happen on demand, rather than a day or two after they are needed. A large part of this is down to the internet. It is pretty much impossible to imagine a world without the internet nowadays, and doing so is a scary proposition. Businesses would lose massive amounts of their markets, lose touch with their customers, and even struggle to communicate within themselves. Only twenty or thirty years ago the internet was still in its infancy, and no doubt many people did not take it all that seriously. We can’t help but wonder what the next game-changing technology to develop will be, but you can be sure that you will read about it first in Bloomberg Business Week. NB