Another important challenge/opportunity to business Job Function Email List location is regional blocks/globalization. A business location gives an area of effect to entrepreneur due to linkages of the area with customers/stakeholders. Job Function Email List A shift in linkages among areas strongly influence the area of effect of entrepreneur because a demographic basis of business is changed, a demographic shift or shift in Job Function Email List demand may extend the business circle or may reduce it, thus, a regional/global orientation of business has structural Job Function Email List importance for business.
In addition, a business linked with some wider markets or global outlets is comparatively Job Function Email List more dependent on suitable location due to phenomena of free/easy mobility of various input-output elements. Cost of transportation, government incentives, communication links, subtly restrained Job Function Email List competitive-cooperative environ, and cultural aspects are involved in wider/global business, thus, intensive-extensive analysis is needed for suitable business location, physical as well as virtual. A successful native business may be a failure at wider or global level due to bigger and Job Function Email List greater threats, while a dwindling native business may get an upwards push due to large and immense opportunities. Moreover, an entrepreneur is habitual of two comfort zones - time Job Function Email List oriented comfort zone and space oriented comfort zone..
A buying/selling interaction at wider or global level is; obviously, disturb the temporal Job Function Email List and spatial setting / movement of entrepreneur. The time-space disturbance may be short-lived and re-adjustment might be productive and can bring long-run benefits. Another challenging area is market Job Function Email List volatility; a business location is frequently disturbed by market trends. A volatile trend of customer gives shocks to business, now and then. Job Function Email List A mature and stable business can easily resist short run volatility of market trends and business location is not affected. A medium run crisis can be managed with land ownership.