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Technology, Globalization & Change
Design & Technology
Pages 5 (1255 words)
Technology, Globolization and Change Your Institution Date According to Bettis and Michael, a rapid alteration is unfolding in regard to business strategies and also the nature of competition especially in the last decades of the twentieth century. This competition and change in strategies results to a new or re-invented competitive landscape mainly witnessed in the contemporary twenty first century.
In response to technological revolution, new approaches and tools are developed to counter the emerging challenges. For instance, new concepts of manufacturing are being implored to enable multi production in industries which in turn translates to high productivity.Additional, computer technology and microprocessor integrated into several products enables software differentiation. Computer systems and networks also greatly alter management approach to issues. Business is increasingly getting globalized courtesy of latest communication technologies which overhaul equipment and logistical technology.Morover, technological factors and trends have contributed to a number of factors. Notable among these factors are aspects such as, rapid increase in rates of technology diffusion and change, age of information, intensity in terms of knowledge increase and lastly the sprouting of positive feed back in industries. In summary, development of new mindsets, tools, organizations and concepts have now become a prerequisite for every manager. In order to navigate through the new competitive landscape, further research is required to enable managers be at a better position to handle and respond to the new emerging trends. ...
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