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Internationalbusinessenviroment 110216222917 Phpapp02
Internationalbusinessenviroment 110216222917 Phpapp02
Chapter
International
Business Environment
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Any
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Excel Books
Cont.
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Aseem Kumar
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Technological Factors
Technology is the prime pulling force for the global business. The state of
technological development differs in different countries and accordingly
infrastructure levels are in different stages of readiness. Global competition uses
technology as a distinct advantage to score over each other in areas of efficiency
maximisation, cost reduction, better service to the customers and other
stakeholders, new and better products and service delivery, etc. Working in more
than one country usually means working with different technologies or at least
different levels of technological states; therefore, the biggest challenge is how to fill
this technological divide? A global company's effectiveness to deal with these
challenges will determine its business prospects in the long run. Companies need
to anticipate technological change and develop a mechanism to upgrade to
required levels so as to succeed in a complex and rapidly evolving environment.
Most global companies are forced to work in multi-technological environments.
This is in keeping with the Think Global Act Local scenario. The development
of new technology and its useful applications is a technical pursuit, but its
seamless introduction across national boundaries is a management challenge.
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A large and steadily growing volume of real income and effective demand
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Cont.
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Excel Books
2.
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More beneficial for less developed countries - giving them more time to
adjust, greater flexibility, and special privileges.
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In a Nutshell
WTO offers the following ten benefits:
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Excel Books