Impact of Emerging Industry PDF

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Added on 2020-11-23

Impact of Emerging Industry PDF

Added on 2020-11-23

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EMERGINGTHEMES

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Critical Evaluation of Current Impact of Emerging Industry and Market on Discipline andWider Sector................................................................................................................................1TASK 2............................................................................................................................................4Identification and Critical Discussion of Emerging Themes relevant to Discipline and Sector.4Critical Analysis of the Implications of Themes on Future of Business.....................................6Course of Actions for Organisations...........................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9

INTRODUCTIONTheme refers to a specific subject matter of discussion. It is a dominant or unified ideawhich is essential to be effectively reviewed in order to understand the subject matter effectively(Abrahart and et. al., 2012). The following project is based on transportation industry, which isone of the most effectively growing industries in the world. It briefly discusses the four pillars ofemerging themes which are: Emerging changes in society, Emerging work environments,Emerging technologies and Emerging industries and markets. The report covers a criticalunderstanding of emerging themes along with their impacts on the transportation industry. It alsoincludes a critical analysis of the implications of identified themes on the future business withinthe industry in next five to ten years. The report also considers justifiable recommendations andstrategic solutions which businesses within organisations could take in order to gain acompetitive edge.TASK 1Critical Evaluation of Current Impact of Emerging Industry and Market on Discipline and WiderSectorTransportation Industry involves several businesses as well as organisation whichfunctions and operates in order to move people, infrastructures as well as goods from a certainpoint to another. Furthermore, it is a really wide business which involves airlines, railroads,roads, trucking, etc. Moreover, this industry is further divided into several disciplines such aspublic and private transport. As for public transport, there are several emerging themes whichhave essential impact on this discipline and the wider sector. It is essential that these pillars ofemerging themes are critically analysed along with impact of Emerging Industry and Market onthe public transport and wider sector. This critical analysis is mentioned below:Emerging Changes in Society: This pillar of emerging themes has an impact on each and every industry and quiteinfluence the strategic decisions taken by businesses in different sectors (Kittinger and et. al.,2013). As for transportation industry, there are several evident changes in societies such asurbanisation and formulation of Smart Cities. With emergence of connection of social capital,human capital along with Information and Communication Technology; such changes is shapingup the public transport in terms of accessibility and mobility. Another change in the society is1

regarding environment awareness. Climate changes have shaped up the transport industry interms of developing new energy efficient mode which are environmental friendly and low oncarbon emissions (NINE SOCIETAL TRENDS SHAPING MOBILITY, 2019)Emerging Work Environments:With change in environment, there is an effective change witnesses in the workingenvironment as well (Torii, Hartley and Nelson, Georgetown University, 2013). Both thesepillars are interlinked and change in one pillar results in changes in other. With appropriateglobalisation, transportation industry's work environment has emerged in terms of diversity andtraining. Businesses within the public transport like Uber have complied with the emerging workenvironment in terms of ensuring diversity in their workplace along with providing effective androbust training to their employees (This is how Uber plans to change its own company culture,2018).Emerging Technologies:Another pillar of emerging themes is the emerging technologies. It has an effectiveimpact on the businesses within transportation industry (Thomas and Weiss, Hewlett-PackardDevelopment Co LP, 2015). Furthermore, this pillar has led to several changes in societies interms of urbanisation as well as digitalisation being used in the work environments. However,this emerging theme has its impact on businesses in transportation industry. One effectiveexample of the same is the driverless technology that have been implemented by companies likeUber, which ensures safety and accuracy in delivery of services.Emerging Industries and Markets:One of the most essential pillars of emerging themes is emerging industries and markets.It is quite interrelated to each of the above mentioned themes. Reason for the same is thatsociety, work environment and technology are responsible for emergence of several industry andmarkets which have a crucial impact on a discipline as well as on the wider sector.Currently, United Kingdom is experiencing a rise in public transport over the years. Priceof services play a crucial role in the same. With easy accessibility, better mobility and newtechniques in relation to security are the reason of emergence of the same. However, currentlywithin the UK, due to rise in pay prices of railroad and buses, preference of customers haveslowly started to shift (Uber self-driving cars: everything you need to know, 2019). However, allsuch factors leading to decline of one discipline within the sector has led to emergence of other2

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