Three recent major developments have occurred that have dramatically changed the business environment : information technology, globalization and concentration of power in large market investors. These three change drivers have had two major impacts on firms:1) they have eliminated the old...

The aerospace industry is most challenging for small and medium enterprises (SMEs) which are involved as subcontractors. New conditions such as globalization and technology-led competition bring about major changes in terms of which capabilities are required to sustain corporate growth. This...