During its growth phase, an organization goes through what is called an evolution. This process of change is closely related to the industry’s market environment. For example, in a rapidly growing industry, an organization’s evolution will be rapid, and it will need to develop a new organizational structure. In contrast, in a mature industry, an organization’s evolution will be more gradual.

The first stage of a business’s evolution is local. The next stage is national. National businesses operate within a nation and are usually larger than regional businesses. They help to spread goods and services throughout a nation. Finally, the fourth stage of business evolution is international. The evolution of a business is never complete.

The origin of business can be traced back to the early human civilization. Back then, people exchanged surplus food for things they needed. Over time, this practice evolved into local business. Today, we call this process “barter economy.” In this type of economy, money is not the medium of exchange. Instead, goods and services are exchanged.

Profit-driven industries can delay revolutions or evolution. During these periods, companies make mistakes and can buy time until a crisis forces them to make changes. For example, the aerospace industry was highly profitable in its early years, but later experienced a revolution when profits dried up. In a poor market environment, however, the revolution will be more severe.

As a business owner, you must recognize that the world is constantly changing. In 10 years, your business may be very different from what it is today. In this case, it is crucial to embrace change and stay on top of market trends. Remember, while it is natural to feel uncomfortable in the beginning, you must learn to be flexible. This can help you grow and be more successful.