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Assess how globalization and technology changes have impacted the corporation you researched.

1 min read
Posted on 
May 22nd, 2023
Home Homework Help Assess how globalization and technology changes have impacted the corporation you researched.

Strayer University| BUS 499 – Business Administration Capstone | Strayer University

Globalization and the technological advances that occurred in the last few decades had an impact on the company I studied. The globalization of business has increased the competition, as firms can now operate across multiple countries and reach a larger market with more customers. It has enabled them to reach out and attract new customers, while helping them gain a competitive edge within their respective industries.

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.

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