...Discussion Board 3 Kevin Monahan Liberty University Dr. Katy Henry November 23, 2014 What fuels technology growth and is this growth global or is it isolated to a few countries. By today's standards, the answer would be people who have a strong, sincere desire and those with the ability to benefit from the speed and evolution in technology advances. It could be business, government or private industry. "The dominant feature of technology is change and then more change." (Lawrence, Weber 2014) Although, even poor poverty stricken countries can gain enormously from technology advances, social networking and sharing of information such as a remote area that doesn't have the means to get clean water, medicine, food or supplies. Government, private investment firms and business investors all have a vested interest in see the advances of technology such as the internet as it continues to expand to all corners of the globe. According to the Office of Management and Budget, "The Federal Government largely has missed out on that transformation due to poor management of technology investments." (OMB, 2014) What is interesting to know is that our government is behind in the advances of technology partly due to the outdated and mundane process of purchasing, deployment and setup of computer systems. One reason for this is that company/vendors that apply or bid on government contracts look to cash in on the governments big bucks and then line their pockets as well...
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...products truly better than theirs? The first section of this report will consist of an overview of the trends in technology, demographics, economics, political/legal and finally social/cultural. Political/Legal There is not too much content that Under Armour must worry about in this section. They just need to stay in the realms of regular business and legally obtain the correct patients so that no other competitors steal valued material. This actually makes their products perform better than other competitors. Politically Under Armour needs to promote good and safe work habits. They do not want a negative view like Nike obtained after they were seen utilizing sweatshops to make a deeper profit in the Industry. Even if a few customers find out they are using bad practices, then it shatters the whole reputation and brand image. Socio-cultural and Global Under Armour and other competitors can and have been using a global image to win the customers over. It is very important that Under Armour utilizes the global image of their quality product, for instance, showing their products on a global scale such as providing gear to the NFL and MLB. People are likely to wear what the professionals wear because they want to be like them. It also utilizes product placement in movies, TV shows, and video games that places their product on a global scale. It can also reach a global scale by endorsements made with worldwide know people, such as people participating...
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...Unit 8 [IT190: Foundations in Information Technology] Unit 8 Essay:Effects of IT on Globalization B.W. Beck & K. Money IT190 Foundations in Information Technology Essay: Effects of IT on Globalization The first cited source, Age of Globalization, expresses the effects on globalization, with positive and negative regards to information technology1. Globalization has been revolutionary in history, integrating international world views, with products from manufacturing to cultural resources that promotes worldwide exchanges of ideas, economic impact and global interaction. The major factors which have contributed advances on an exponential scale include transportation in the air, sea, and ground, and the international infrastructure in telecommunications, from fiber optics, global thinking and the World Wide Web2. The processes in globalization has affected small business to large corporations, economics, social cultural resources, including politics from the migration of ideas with support and criticism from cultural differences intertwined with competition. The creativity and innovation from the diverse cultures has exploded into popularity that affect all civilization and lifestyles. Diverse knowledge and the ability to compete on a global scale has changed the way businesses and individuals interact. The advances in technology, with faster cell phone,smartphones, tablets integrated electronics, multi-CPU architect, faster bandwidth from fiber optic infrastructure will...
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...TM-Chapter 1 (Motivations, Means and Mentalities) In this chapter, a number of important questions that companies must resolve before taking the leap to operate outside their home environment. 1. What market opportunities, sourcing advantages, or strategic imperatives provide the motivation for their international expansion? 2. By what means will they expand their overseas presence-through modes such as exports, licensing, joint ventures, wholly-owned subsidiaries, or some other means? 3. How will the management mentalities – their embedded attitudes, assumptions, and beliefs- that they bring to their international ventures affect their chances of success? Operating in an international rather than a domestic arena presents managers with many new opportunities. Having worldwide operations not only gives a company access to new markets and low-cost resources, it also opens up new sources of information and knowledge and broadens the options for strategic moves that the company might make to compete with its domestic and international rivals. However, with all these new opportunities come the challenges of managing strategy, organization, and operations that are innately more complex, diverse, and uncertain. What is multinational enterprise? * Multinational enterprise has substantial direct investment in foreign countries (Not just the trading relationships of an import-export business), and actively manage and regard those operations as integral parts of the company...
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...Purpose HCL Technologies provide a range of outsourcing services, business process outsourcing, and infrastructure services. The purpose of this paper is analyze trends and economic forces that impact changes in the global marketplace, analyze the impact of market trends in driving innovations in organizational, structure, culture, and process, and also to analyze leadership in relation to the effectiveness of general management planning and decision making. Majority of my information will come from HCL Technologies case study with Nayar’s insights about the subject. Analyze trends and economic forces that impact changes in the global marketplace. The product that HCL Technologies sells is a service that customers use to make their business better. Staying with the latest trends is very critical in a service based business like HCL Technologies. The first trend I would like to talk about is Technology trends. Technology trends can drive innovation and influence decision making in the IT service industry. According to Hickman (2010)" Developments in technology lead to new products and services and improve how they are produced and delivered to the end user. Innovations can create entirely new industries and alter the boundaries of existing industries." A future trend that will spread rapidly in the IT industry will be Cloud Computing. There will soon be away a business can obtain and maintain software, hardware, and computing capacity. According to the Nayar Case study...
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... Arkansas, it has grown to more than 8000 stores operating under 69 different names in 27 countries ("History Timeline," 2012). The company’s success comes as a result of their management model and their ability to take advantage of factors such as strategic globalization, every-changing technology, innovative thinking, cultural diversity, and ethical qualities. Going global. Wal-Mart “employs 2.2 million associates worldwide and serves 200 million customers each week” ("History Timeline,” 2012). In 1991 Wal-Mart made the decision to go global with the opening of a Sam’s Club Store in Mexico City ("History Timeline," 2012). To overcome possible language barriers and to adapt to local cultures, in some countries the company hires its general managers from the local areas. The company’s size and revenue makes it a major contributor to the world economy. Had Wal-Mart decided to only establish stores within the certain states or within only the United States they would have limited the company’ s growth potential and based on things such as the country’s recent financial recession, the company probably will not have lasted very long. Without a doubt, management’s decision to go global and establish a company footprint in other countries throughout the world has played a key role in the company’s financial success. Galugu (2012),...
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...the following types of instrument: - Legislation such as the minimum wage or anti discrimination laws. - Voluntary codes and practices - Market regulations - Trade agreements, tariffs or restrictions - Tax levies and tax breaks - Type of government regime e.g. communist, democratic, dictatorship Non conformance with legislative obligations can lead to sanctions such as fines, adverse publicity and imprisonment. Ineffective voluntary codes and practices will often lead to governments introducing legislation to regulate the activities covered by the codes and practices. Economical The second element of a PEST analysis involves a study of economic factors. All businesses are affected by national and global economic factors. National (and global) interest rates and fiscal policy is set around economic conditions. The climate of the economy dictates how consumers, suppliers and other organisational stakeholders such as suppliers and creditors behave within society. An economy undergoing recession will have high unemployment, low spending power and low stakeholder confidence. Conversely a “booming” or growing economy will have low unemployment, high spending power and high stakeholder confidence. A successful organisation will respond to economic conditions and stakeholder behaviour. Furthermore organisations will need to review the impact economic conditions are having on their competitors and respond accordingly. In the current business world, organisations...
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...Numbers: • Total area - 8.5 million km² • Population - 191 million • GDP (2010) - 3,7 US$ trillion • Investment in R&D - 1.25 % GDP in 2010 • Scientists and researchers - 231,000 in 2010 (headcount) • Scientific papers - 2.7 % of world scientific production • world's sixth largest by nominal GDP • eighth largest by purchasing power parity. • moderately free markets and an inward-oriented economy. • the largest in Latin American nations ere. • one of the fastest-growing major economies in the world with an average annual GDP growth rate of over 5 percent • together with Mexico, has been at the forefront of the Latin American multinationals phenomenon by which, thanks to superior technology and organization, local companies have successfully turned global. 2. Overview Brazil has many times in its history praised to be the land of the future. First, Brazil with population of 190 million, the past eight years “Bolsa Familia” social program have lifted over 40 million Brazilians out of poverty and into middle class. This creates interesting platform for creating context related innovations and scaling bottom-of-the-pyramid innovations (disruptive and reverse) globally. Second, Brazil was almost non-effected by financial crisis 2008, a signal for strong and stable macro-economic policies. This means that Brazil, first time in its history, is becoming an interesting country for long term investment and strategic cooperation. Third, Brazil is hosting...
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...MANAGEMENT OF TECHNOLOGY, INNOVATION AND CHANGE – MS(WE) 114 MBA 2nd Semester (2014-15) TERM PAPER On Promotion of Technology & Innovation by Indian Govt. Submitted By: Name- Shivam Sharma (Enrolment No 05316603914) Submitted To: Prof. Anil K Saini USMS GGS IP University, New Delhi INDEX S.no | Topic | Page no. | Signature | 1 | Introduction | 3 | | 2 | Objective | 4 | | 3 | Findings | 5 | | 4 | Conclusion | 12 | | 5 | References | 13 | | Introduction In spite of having a large publicly funded science and technology infrastructure and a sizeable education base, India has not been able to realize its innovative potential due to a fragmented innovation ecosystem. The government of India has taken many initiatives towards strengthening the innovation ecosystem, the most important of which are: i) the establishment of the National Innovation Council, whose mandate is to coordinate various innovation-related activities, and ii) the new Science, Technology and Innovation Policy 2013, which is intended to promote entrepreneurship and science-led solutions for sustainable and inclusive growth. This article describes the current innovation ecosystem and the challenges it faces, and it discusses the efforts made by the government towards the promotion of innovation. With the implementation of this new policy the early indications are that India is poised to take a big leap towards innovation-led growth. In...
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...returns that are higher than those of competitors 2. The Competitive Landscape, The US Airline Industry - An Illustration * De-regulation 1978 * Low-cost, limited route carriers * Terrorist attacks * Volatile economic conditions * Global alliances * High level of consolidation 3. The Competitive Landscape-Major Trends * Globalization * Economic volatility * Rapid technological change 4. Globalization of Markets and Industries * Globalization Increasing economic interdependence among countries as reflected in the flow of goods and services, financial capital, and knowledge across country borders * Hypercompetition Extremely intense rivalry among firms, characterized by escalating and aggressive competitive moves among market challengers * Artificial constraints on business transactions across national boundaries (such as tariffs) have been eliminated. * Restraints on the transfer of resources (such as equipment, capital, raw material, and even employees) across markets have decreased significantly. * The range of competitive opportunities available to firms has greatly increased. * Hypercompetition has resulted from the dynamics of strategic maneuvering among global and innovative competitors in a volatile economy. * Performance standards have increased in many areas, including quality, cost, productivity, product introduction time, and operational efficiency. * Continuous improvement in all areas is necessary...
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...Technology in South Korean Introduction The Republic of South Korea is one of the priority partners of the European Union (EU) in the global economy and has been historically known for technological innovation. Moreover, with a highly educated workforce and well equipped infrastructural facilities, the country is a favoured destination for R&D. The impressive economic and technological progress South Korea has been demonstrating for last several decades has brought the country to the forefront of the global powerhouses and South Korea is the most wired country, in terms of communications and internet facilities, in the world. The gap between innovation and commercialization is also very small in South Korea. Korea is also among the most technologically advanced and digitally connected countries in the world and a recognized market leader in electronics, mobile communication and the automotive sector. Current strengths ▪ Firm telecom sector South Korea has world's highest broadband internet subscription rate, while the country’s 68% mobile-phone penetration rate is also one of the highest in the world. South Korea also introduced the world's first commercial wireless broadband (WiBro), satellite digital media broadcast (DMB), and telephonic-DMB services. All these developments act as major attractions to foreign technology investors to set up their R&D centers in the country. ▪ Presence of large global and domestic players The powerhouses of South Korean economic growth...
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...are taking place in the market of Czech Republic. • The nature of competition in the global market of products & services that SH a.s. offering. We have to evaluate all these facts and to present a strategic technology management plan of action. Main Contributing Issues: Following are the major contributing issues or they are basically showing the evaluation of all the facts that must be consider before adopting any strategic plane. • They are lacking in capital & competition for R&D efforts in hydraulic technology, although they are able to full fill the desired innovations of customers as they had done on very selective scale in case of heavy hydraulics. • • They are entirely restructured in1997 and start offering services and maintenance along with major sales but future of their clients using such offers is also uncertain. • International competitors from Germany, US and from other western countries all are introducing computer based automated technologies but they are not offering such technologically advanced products. • Light hydraulic applications also moving towards automated advanced technologies with lean and fragile processing having lesser processing steps and higher automated work, but they are still offering old systems. • Other competitors like German & American are entering in Czech market with broad lines and advance technologies of lubrication technologies. Proposed Solutions: In this case the problem is not single directional or very...
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...Howard Billings Research Paper Dig 3286 Dromology and Convergence In today’s world of instant digital information and communication technology is constantly advancing. Inventors are constantly working to produce new awe-inspiring products. The goal of all these new products is to work faster than the ones that came before it. Of course, technical advancement is nothing new. Whether it was the car, the microwave, or a vacuum cleaner all were produced to increase the speed at which we do things. The difference is that digital technology is increasing not only the speed of the new products, but the speed at which these new products are being produced. Either way it is safe to say that technology and the world revolve around speed. The main goal of every industry is to do things fast and efficiently. Accessing information and communication is already faster than one could have ever imagined. The quest now is to become even faster. Push technology to its limits. In fact, the quest now is to set new limits. Is it plausible to think that we could one day communicate faster than the speed of light? Olympic track athlete Usain Bolt is a good comparison to where we are today as a technological society. His record breaking 100 meters times have reached mythical proportions. It used to be that taller heavier athletes were at a disadvantage in the 100 meters. Their height and weight would work against them, allowing the smaller runner to jump out to a lead that could not be overcome...
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...– Strategic Management – Professor Deane April 30, 2011 Jacob Clelland 250 422 823 EXECUTIVE SUMMARY The Geox group is an Italian footwear company has made its mark through technology innovation in fabrics and materials. It has been operating since the 1990s and became public in 2004. Geox focuses on providing its costomers with high comfort through technological innovation. They focus heavily on research and development in order to produce cutting edge technology that will differentiate their brand within the footwear market. The footwear industry is a mature market with many international competitors. In Europe, the footwear is dominated by many small & medium enterprises, which gives firms more flexibility to cater to specific consumer needs. The basic drivers for consumers buying decisions include demography, disposable income, basic needs, style and new materials. Fashion trends have a major influence on the footwear industry as well as new technology. The industry is very labor intensive and most companies follow a delocalization manufacturing strategy to capture lower labor costs. The primary market segments include Sport/Athletic, Work and Brown. Geox competes mostly in the Brown market but acts as a competitor in the Athletic market because of their focus on technology. Competition is harsher in the Sport/Athletic market as it is the largest market in the footwear industry. Geox should continue to exploit new market opportunities embedded in technological...
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...Accenture: Problem Statement Outline Introduction As a global management consulting and outsourcing technology services company, information access and service availability has become a critical asset to the functionality and capability of the organization (Accenture, 2014). Each functional area presents a unique organizational challenge to the table. The ability to mass functional expertise and experienced professional in various market sectors comes with it set of issues related to delivering of high performance we build our claim on. This outline will identify three our most critical issues that will be associated with a problem set in order to evaluate the business impact or affect from the problem. Problem Statement #1: Guaranteeing network services availability and quality for globally expanded organization has some great challenges with the various types of technologies used in each host nation. Also, the restrictions placed on communication media within the host country. This impedes the capabilities of the technology system professionals from providing quality and timely services to the customers. Scope: Too often, the host country’s network infrastructure in a global expansion cannot handle big pipes of data, is technology is either out of date or not user-friendly (Reijers and Liman, 2005). Who does it affect? This problem affects the organization’s credibility and the competitive advantage, the stakeholders (customers, employees, partners, and...
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