Technological Globalization Results
Expanded Efficiency in Service of a Diversified Customer Base
IT plays a huge role in adapting corporate strategy in order to increase the efficiency and service towards a new, and more diversified consumer base. Essentially, "greater efficiency can be achieved by dividing the overall problem-solving effort into tasks, showing maximal interaction" with the new market environment (Arora et al., 2004). IT must take over and assign Research and Development tasks accordingly to better understand the market. Through comprehensive investigation of new markets, IT can then provide the most successful strategies to go after the primary characteristics of the chosen market demographic. IT strategies that are proven successful can then serve as a model for other firms. Here, "the idea is that R&D investments by a firm spill over into other firms, thereby increasing the productivity of R&D in other firms, or directly improving efficiency and productivity in other firms" (Arora et al., 2004). Thus, the use of meta-analysis can also come in to play in regards as how to increase overall efficiency of corporate and sales strategies. IT can help increase a firm's efficiency in entering new markets dramatically. The department can introduce the right technology needed to understand and engage in new, unfamiliar markets.
Evolution of Distribution Systems
The way products are distributed will also...
Technological Globalization Methodology IT as it Links to Corporate Strategy IT is essentially at the very heart of new and innovative business strategy. With such rapid advancements in technology continuing to unfold, it is crucial that IT be at the center of development and design for any organization, especially ones entering new global market environments as businesses continue to expand internationally. IT departments help keep organizations at the forefront of corporate strategy
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Globalization Information technology is a critical element of project management in today's globalized world. Dealing on the global stage requires supply chain solutions that span the entire world, locally-flexible marketing solutions and a refined understanding of the unique conditions of each market. The cost of acquiring and managing the massive amounts of information needed to succeed in the global business environment have typically only been accessible to multinational corporations (MNCs), but increasing
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