Technological innovation and changes in market structure refers changes in techn

Question

Technological innovation and changes in market structure refers changes in technology in the market , which lead to change in type of business and technology used for the business.

The technological changes lead to changes in organization structure as firm need to be competitive in the market and they introduce new concept in the organization.

As, today market all firm are going for analytics as market structure is more depend on analytics right now firm’s also changing organization architecture to suit the requirements. Changes in architecture like making new department or introducing data dependent decision making.

Explanation / Answer

Describe why technological innovation and changes in market structure cause firms to change their organizational architecture.

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