The Changing Technology

Topics: Foreign direct investment, Business, Investment Pages: 1 (344 words) Published: December 4, 2006
The changing technology environment has and still become one of the biggest challenges in the setting international business management.

Technology is the technical means people use to improve their surroundings. It is also knowledge of using tools and machines to do tasks efficiently. We use technology to control the world in which we live. Technology is people using knowledge, tools, and systems to make their lives easier and better. The role of technology and its effects on international business management are even more apparent with respect to advances in communications systems. The changing technology environemnent(communication) ia as important as transportation. The ability of a firm to communicate with entities (outside and inside market) can be estimated by using indicators of the communication infrastructure as telephones,computers ,broadcast,fax. For example, the number of cellular phones in use in 2000 was around 555 million in the world, and the next year was 900 million. The international financial operation also have been transformed because of the technological environment.The diffusion of internet technology into core business processes is still rapid,especially in industrialized countries.Today, MNCS' which operate in diverse sites around the globe while maintening effective links with headquarters and regional control centers. For example, if the money market" Wall Street" in N-Y,and second market such as London can be connected by computer systems. The transactions have done at the same time in those countries.those industrialized countries as Japan,Germany have changed or shaped their technology environments throught investement to make producing and distributing products easier. Another views for altering countries' technological environment is technology transfer.It is the transmittal of technology from one country to another.Certain countries have improved theritechnological environment base by requiring companies eager to access a...
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