It is widely recognised that Information systems knowledge is essential for managers because most

organisations need information systems to survive and prosper. Information systems can help companies

extend their reach to faraway locations, offer new products and services, reshape jobs and workflows and

perhaps profoundly change the way business is conducted. There are four powerful worldwide changes $($ emergence of the global economy, transformation of industrial economics, transformation of the business enterprise, emergence of the digital firm$)$ that

have altered the business environment. Predict how these four changes will impact the business

environment.