How to Ease the Pain of Globalization
- Topics:
- Strategic Management Tools
- Source:
- IDG (International Data Group)
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Overview: U.S. companies use IT to produce higher-quality products at home, using computer-controlled machine tools to produce specialized valves, for instance. They also use IT to offshore manufacturing and production, which reduces the price of the products one buys, such as DVD players. There is no doubt that globalization would move more slowly without IT. Indeed, globalization and technological change build on each other to quicken the pace of globalization overall and intensify its effect on the United States. This is particularly true when globalization reduces the price of IT, in the guise of lower-priced computers and software. That's because an increasing number of nontechnology companies use the cheaper IT to redefine their business strategies, create new products and expand their markets.
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Format: HTML | Date: Feb 2006
