Technological Globalization Results Expanded Efficiency in Service of a Diversified Customer Base IT plays a huge role in adapting corporate strategy in order to increase the efficiency and service towards a new, and more diversified consumer base. Essentially, "greater efficiency can be achieved by dividing the overall problem-solving effort into tasks, showing maximal interaction" with the new market environment (Arora et al., 2004). IT must take over and assign Research and Development

Due to the nation having such extremely low wage production costs, it is actually cheaper for China to produce old goods with older and possibly more outdated technologies because they have a greater labor source at much less expensive costs than workers in more developed nations. What the country is lacking, however, is free capital from investors to structure strategies for producing future innovation. Investing in innovation creates the

Levine also notes that the result of the government patchwork of funding is that private firms jump into the technological progress market, with even worse economic results. "Private firms focus their research efforts according to short-term, market-driven priorities, motives which often contradict long-term sustainable development and economic growth" (Levine 1998 675). Result=inequality/scarcity. Further, Levine (1998 675) notes that large academic institutions that are more likely to consider long-term concerns are put

technology continuously emerges and develops, the challenges faced by many businesses in different industries similarly increases. Before, business competitions focus on marketing strategies to attract customers and clients. This includes print advertisements, television and radio advertisements. Every business deal has to be transacted manually. In this way of doing business, there are not much channels to use to be able to make or maintain a business' success. Time and

For example, recent innovations in knowledge management systems software has been praised because it enables users to do more than search for information and store and provide access data. Knowledge management software is a tool of empowerment because it allows users "to create and share expert profiles and submit questions to be answered by the pros. Knowledge management systems have to be continually updated. Expertise management software is inherently

External and Internal Environments Two segments of the general environment that influence the corporation The technological developments in the market are important to the achievements of any Smart phone company that is constantly expanding. As competition increases, Nokia must make sure that their smart phones are at the highest innovation level. With features such as internet, camera, email, and social networking necessities on smart phones, Nokia will have to think of other