Assignment 1 strategic management and strategic competitiveness | BUS 499 – Business Administration Capstone | Strayer University
Technology changes have also been beneficial as they have enabled companies to be more efficient in their operations. For example, advances in communication technology such as email and video conferencing allow employees from different offices around the world to collaborate on projects without having to physically be present at each location. Additionally, new software applications and cloud computing technologies help reduce administrative costs associated with managing large amounts of data which enables companies to save money and invest it back into other areas of the business.
Globalization and technological advancements have undoubtedly changed how corporations function but they can also bring about positive outcomes if used correctly. Companies can use these changes to increase efficiency and productivity while further expanding their customer base which can lead to greater profits down the road.