Strayer University| BUS 499 – Business Administration Capstone | Strayer University
The technology changes also have been beneficial, as they allow companies to operate more efficiently. Email and video conferences, for example, allow workers from around the globe to work together on projects even if they are not physically present. New software and cloud technologies also help to reduce administrative costs that are associated with handling large volumes of data, allowing companies to invest the money saved into other aspects of their business.
The globalization of business and the technological advances have changed corporate functions, but can be used to achieve positive results if they are properly implemented. These changes can be used by companies to improve their efficiency, productivity and customer base. This can result in greater profits.