Technology Versus Globalization 2

Technology Versus Globalization 2 Technology versus Globalization Student Name

About the current debate, technology is more influential than globalization because it is the primary driver of its counterpart, and without it, there would be stagnation of the latter. First, globalization focuses on establishing the hurdles and opportunities for goods and services in the broader commercial setup, thus facilitating the interdependence among the companies and local markets (Hitt, 2013). This concept enables companies like Netflix and affiliates to engage in strategic management processes towards impacting the global market (Garrett, 2017). However, technology influences the life of a specific person, group of people, or companies who want to connect regardless of their physical location.

This phenomenon succeeds through the development of telecommunication gadgets such as mobile phones, televisions, radios, computer software applications, and other crucial advanced utilities. Reputable global business engines such as Netflix could benefit from the I/O Model of Above-Average Returns by examining external forces creating dominant influences on its strategic actions. The firm could assess the external environment and create competitive advantages through information comparability (Garrett, 2017). The company could study and understand the strategies of its main competitor, such as Apple, thus renovating its approach and building a substantial impact on the market segment. Netflix could also ensure that its strategy implementation resources are mobile.

At the same time, the company’s decision-makers must be rational and committed to taking action in the interest of the company. The company should nurture relevant skills and assets for strategy implementation. This model would enhance the quality of services and products, a strategic pricing strategy, and efficient service delivery (Hitt, 2013). The model would help to identify the needs of the clients concerning their position in the market segments courtesy of consumer feedback elements.

Paper For Above instruction

In the ongoing debate regarding technology versus globalization, it is clear that technology holds a more influential role in shaping the modern world. While globalization facilitates interconnected economies and cultural exchanges, technology acts as the primary catalyst that drives these interactions and transformations. By examining the nature of both concepts, their interdependence becomes apparent, yet the pivotal role of technology is more pronounced due to its capacity to create immediate and widespread impact across various spheres of life.

Globalization historically refers to the process by which the world becomes more interconnected through trade, communication, and cultural exchange (Hitt, 2013). It aims to remove barriers that hinder the free flow of goods, services, and ideas among nations, fostering economic growth and cultural understanding. However, the pace and extent of globalization are heavily dependent on technological advancements. For instance, the development of the internet, mobile communications, and digital platforms have dramatically accelerated globalization by making it easier to connect and share information instantly across geographical boundaries (Garrett, 2017). Therefore, technology serves as the enabler of globalization, expanding its reach and effectiveness.

Technology’s influence extends beyond facilitating global trade and communication; it shapes consumer behavior, business strategies, and social norms. Companies such as Netflix exemplify how technology revolutionizes industries. Netflix’s reliance on digital streaming technology has fundamentally changed the entertainment landscape by providing instant access to vast content libraries worldwide. This shift is driven by technological innovations such as cloud computing, data analytics, and high-speed internet, which enable Netflix to operate efficiently on a global scale (Garrett, 2017). Moreover, the company leverages strategic tools like the I/O Model of Above-Average Returns to analyze external forces, assess competitive advantages, and adapt rapidly to market changes (Hitt, 2013).

The strategic approach of companies like Netflix demonstrates how technology enhances agility and responsiveness in a competitive environment. By utilizing technological insights and data-driven decision-making, firms can better understand consumer preferences and tailor their offerings accordingly. The importance of skilled human resources and proper resource management becomes evident in executing these technological strategies effectively. Technology fosters innovation, efficiency, and customer engagement, factors vital for maintaining a competitive edge in a globalized economy.

Furthermore, technology’s role in globalization also influences geopolitical and cultural shifts. It has been a catalyst for the diffusion of ideas and cultural practices, creating a more interconnected world society. The spread of social media platforms exemplifies this phenomenon, allowing individuals and organizations to communicate and share content instantly across borders (Garrett, 2017). This interconnectedness fosters cultural understanding but also raises concerns about digital divides and data security, underscoring the need for responsible technological development and regulation.

Nevertheless, it is important to recognize that globalization, while facilitated by technology, also has limitations. Economic disparities, political barriers, and cultural differences can hinder the seamless integration envisioned by globalization theories. In some cases, technological advancement may exacerbate existing inequalities, favoring those with access to digital resources while marginalizing others. This highlights the importance of inclusive technological policies to ensure that the benefits of digital transformation are broadly shared.

In conclusion, technology’s role as the primary driver in the relationship with globalization is undeniable. It accelerates, expands, and deepens global interconnectedness, making it a more potent force in shaping economic and cultural developments worldwide. While globalization provides the framework for international cooperation, it is technology that supplies the tools and innovations necessary for turning these frameworks into tangible realities. As such, understanding and harnessing technological advancements is essential for fostering sustainable and inclusive globalization in the future.

References

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• Hitt, M. (2013). Strategic Management: Strategies and Cases. Cengage Learning.
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