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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3440 |
Essay's paper body
With global consolidations taking place the economies of scale created by these mega-companies combined with new technology will see a significant shakeout in the market leaving only a few low-cost producers.
The next issue to investigate is the importance of technology in this industry. Technology is a major factor...
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Technology is a major factor. Technology changes dynamically. Some changes are revolutionary (or radical), while others are evolutionary (or incremental). A revolutionary technological change/innovation causes significant disruption between successive technology life cycles (Kim, 2006).
It is a myth that steel making is a blue collar industry that has not changed since the industrial revolution...
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