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How Businesses Have Changed Over The Years

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My major is Bachelor Science of Business Administration. Businesses have changed drastically over the years. Businesses have went from using typewriters, maybe having one landline, and a pager. Now everything is at the business owner’s fingertips from emails, payroll, and security cameras. Technology is more advanced than 20 years ago. Twenty years ago, new business owners were most likely using pay phones at gas stations or at a convenience store to make important phone calls. Nowadays, business owners have a personal cell phone and a business cell phone. Twenty years ago, businesses only had cash registers, but now they have newer cash registers, credit cards, and electronic payments through the cell phones. In mid 2000s ATMs updated …show more content…

For example, anybody that want to purchase a portion of apple can buy a stock for $156.74 as long as you have that amount in a bank account you can purchase it through an app called Robinhood. A lot of the companies that once existed on the Dow Jones stock market in the 1990s either went bankrupt or doesn’t exist anymore. Companies such as Aluminum Company of America, AlliedSignal, and Bethlehem Steel no longer exist or filed bankruptcy. So, businesses better watch out and make themselves stay relevant by staying with the current trends, following consumers needs, always giving the consumers what they want, and also being futuristic! That would be my way of keeping up with the stock market and give the consumers something fresh and new. AT&T was in the stock market a while then they were brought by Baby Bell Verizon, but Baby Bell Verizon renamed themselves to AT&T. AT&T was replaced by Apple in 2015. This is why you have to stay current because another company can come out with the same products making them ten times better than you are, then, they could be charging a cheaper price than you are. This is why it’s important to stay current and start a business that are in popular demand that people are always going to need such as laundry detergent, cars, cell phones, shoes, and

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With the proceeding with development of innovation, it 's not amazing how patterns are always showing signs of change too. A major number of organizations attempt to make new patterns or keep up and ride with the present ones as they make new tech new companies that will snare general society and keep them needing for additional. Take Flappy Feathered creature for instance. In spite of the fact that the application was discharged May of 2013, it made colossal waves in 2014 and even turned into the most downloaded free amusement in the Apple Application Store. It even earned $50,000 a day!

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So in essence the business model changed forcing new companies to grow and the older ones that focused on the old structure

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services such as Verizon FiOS can compete effectively with cable, but the two companies that could have an effect in this field, AT&T and Verizon, have not made this competition a reality AT&T never pursued FTTH, and Verizon has stopped expanding its FiOS network. Instead, AT&T and Verizon have focused on wireless broadband, which lacks the bandwidth to compete effectively with cable” (yoo, Christopher S. "Captive Audience: The Telecom Industry and Monopoly Power in the New Gilded Age." Harvard Law)So these two companies have cable, cable needs certain things. With this, these companies stopped or doesn’t provide the things needed for cable, therefore, they created an entirely new thing. So, with the companies, buyers will need these new things and need them, while the companies are getting paid while buyers are

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Although they are experiencing extreme competition among the market, Verizon remains on top. This is credited to the diversification strategy that Verizon has put in place. They have adapted to the changing environment, and created new and innovative ways to sell products in the market. New products and services consistently lead the industry and Verizon has continued to be the market leader. They have also acquired companies that have already proven to be successful, in order to help them thrive in online and streaming

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U.S. companies have changed over the years in the way they operate and do business. In the years gone by, they would set up shop by building their factories and hiring the labor force to come in and make whatever garments they manufacturing at the time. As time passed by, it was discovered that labor could be obtained a whole lot cheaper by outsourcing to another country where people worked longer hours for cheaper wages. In today’s corporate world, this labor force can be found in many foreign locations as well as in the United States.

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Something that college offers students is majors. These majors are specific to what the students want to pursue after college. They allow students to focus on specific skills, so when they graduate, they can become “agents of change” (Roth). Finding what

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