Globalisation and Technological Change Essay

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BUSINESS ENVIRONMENT | Globalisation and technological change | Firm-level consequences, challenges and opportunities | | | 1/11/2014 | Lecturer: Author: Words: 1916 Contents 1 Introduction 2 2 Globalisation 3 3 Technology and its impact on businesses 4 4 Business networks and network enterprises 6 5 Globalisation and workforce re-organization 7 6 Knowledge workers as one of consequences of globalisation and technological change 8 7 Conclusion 9 8 References 10 * * Introduction In this paper I sketch out the rough contours of the challenge that we all face – globalisation. In the first part of paper, I will quote the main characteristics of globalisation, while in the second part I will explain how technology changes and how those changes can have impact on companies. Section titled “Business networks and network enterprises” contains explanation how companies change their structure and the way they operate due to technological change and influence of globalisation. We cannot observe the impact of globalisation on firms without considering its impact on workforce re-organization and appearance a totally new characteristics of workers, something that we know today as “knowledge workers”. Negative side of globalisation will also be shown but without neglecting the fact how globalisation can positively affect every aspect of business. “Globalisation has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas.” Jack Welch (Former chairman and CEO of General Electric) * Globalisation Globalisation is the process of international integration arising from the interchange of

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