Explain how projected global and market trends over the next 10-15 years will impact your company’s ability to maintain a competitive advantage.

Management of global businesses midtermtaking over the role of a chief executive officer

Projected global and market trends will have a direct impact on the company’s ability to maintain a competitive advantage. The company will need to adapt its strategy in the face of shifting consumer preferences, regulatory changes, technological advances, and global competition over the next 10-15 year.

This information provides valuable insight into potential opportunities as well as risks for businesses. This can include focusing on developing customized products/services that reflect customer demands; investing in research & development activities for staying ahead of technological advances; keeping up with ever-changing regulations by mitigating legal liabilities etc.
Companies must also regularly review their strategies, making adjustments as necessary to adapt to changes in the environment. This will help them identify and create new value. To keep pace with other companies, businesses should ensure that they engage their customers on multiple platforms such as social networks or the latest technologies, like artificial intelligence (AI), or Internet of Things.

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