It is a fact that many organizations tend to become very dependent to the technological applications brought by information technology. The benefits played by Information Technology are huge and it is seen as a very important factor in Economic world and even in the Social world. It simplifies and creates a better view of any information brought to it with the particular organization. Many, organizations use Information Technology to make sure that there improvement increases including their incomes. Therefore, Information Technology play many roles in the Business world of various Organizations.
However, through the evolution of technology, there has been advancement of globalization that has created a much more diverse global business landscape. The new, diverse landscape means there are no longer just a handful of countries competing for resources, capital, and labor. Poor countries can now cheaply compete with major corporations in various
Corporate and Business Strategy: Team Case 2 Date: 3/8/2009 Re: Competitor Analysis: Wal-Mart Company and Dell After a thorough analysis focusing on key strategies of Wal-Mart and Dell, which are outlined in the following pages, our final conclusion is that many of their competitive advantages cannot be easily replicated. However, several of their successful strategies outlined below could be implemented to help make XYZ companies more profitable. Matching Dell Between 1994 and 1998, Dell Computer Corporation grew twice as fast as major competitors in the personal computer market. Dell achieved this feat by successfully implementing the “Direct Model,” a strategy relying on the direct delivery of customized PC’s at a relatively low price. Competitors quickly recognized Dell’s success; however, none were able to successfully restructure their operations to reach the profit levels that Dell achieved.
People are using computers to perform different tasks quickly and easily. The use of computers makes different task easier. It also saves time and effort and reduces the overall cost to complete a particular task. In the nineteenth century, when the first electronic digital computer appeared, the term “internet” was particularly unknown to most people. But now, it has become the most powerful tool for people around the world.
Many researchers often define it as the technological determinism. This is because the technological changes are seen as the driving factor contributing to the integration of international financial markets, and thereby leading to financial globalization. According to Garrett (2000), the recent decades of technological development has significantly contributed to the substantial increase in the potential efficiency gains from international financial integration. Since the borderless Internet is evolving, all transportation and information costs reduce significantly, and global
The one-product strategy lacks the choice for customers, but save large amount on research and development and quality control. Meanwhile, the unique operating system and the huge resource of applications tend to drive up the market share of Apple. RIM is an early mover in this industry, so their 14% market share consists of some early customers that are loyal to their products. Their product, Blackberry, has relationship with almost every telecommunication carrier in the world. Nokia tend not to have contract plan with telecommunication carriers, which makes it easier to switch to other products.
This increases trade between countries which increases interaction and globalisation. TNC’s have shifted production to the developing world and created global connections and trade links. Transnational Corporations are major companies with a global presence in at least two counties. They are economically powerful and politically influential due to potential investment, the creation of jobs and access to new technology. TNCs bring lots of investment
In the recent decade, many enterprises are getting in to cross border M&A for expansion of business and to get access to the global market. .A company needs to consider numbers of factors while going for cross border M&A as to get successful in the highly volatile competitive market those include to achieve economic efficiency and tax efficient structure. Various important
Describe How Changes in Technology Contributed to the Globalization of Markets Advances in technology is the main driving factor in globalization because it allows for innovative use of resources regardless of location. New ideas and products are launched via the internet informing people of the latest trends. Technology has made the world seem smaller and accessible so that people can communicate and do business across international borders. It has reshaped economies, societies, and people’s daily lives (Hill, 2009). Governments have changed their policies to welcome new businesses to operate in their countries leading to improved economies.
Since the invention of computers back in 1938, it has become a necessity for many people in their everyday lives. From A.T.M. machines to cellular phones, computers remain the driving-point that keep things together. In today’s modern age, one needs computer skills to stay competitive in finding a job, maintaining a job, and improving one’s life in this day and age. Here in the U.S., unemployment has risen to an extremely high level.