The Impact of Technology on Day to Day Operations of the Firm

I selected this topic because today in 21st century, no company, regardless of its size, is immune to competitive market forces, and technological innovations can rapidly destabilize any industry.
Industries can be disrupted for a variety of reasons: regulatory shifts, changing consumer tastes, new investment trends. Technological change is among the most common instigators. Like an earthquake, such change can bring major upheaval and shakeouts to an industry, altering the mix of competitors and the rules of competitive play. The disruption can be the result of product innovation or of process innovation, in which technology improves manufacturing efficiencies.
Industries allowed operating without excessive government restrictions as is generally the case in the United States can maintain a relative degree of stability despite continual market entry, change, and growth. Disruptions that come from new technologies, however, can be immediate and deep, often eviscerating players whose f...