Question

16. Explain the concept of Globalization Strategy and provide real examples.

17. Explain the concept of Service Technology and provide examples.

18. Explain the concept of Virtual Network Structure and provide examples.

19. Explain the difference between the concepts of Business Management and Technology Management. Provide examples.

20. Concepts such as ‘civic responsibility,’ ‘social responsibility;’ what do they have in common? Provide examples.

Answer 1

16. Phenomenon of competing and expanding the business globally is global strategy. When a company expand its business at global level it needs to stratize its marketing according to different culture ethics and economies. Global strateg

y mends the job of expanding business globally. Example- The snacks industry is dominated by Pepsico has worldwide reach. It markets its product under brand name Lays but UK is the only region where pepsico markets its product under name of Walker instead of Lays.

17.When services are used for developing software where that service is an autonomous and agnostic, that is known as software technology. Example of service technologues are artificial intelligence, distributed cloud system etc.

18. Virtual Network structure is an organized structure of different organization outsourced for development of different product and services. These organization allies together and outsourced non critical operarions for elimination of departmentalization.Example alliance of suppliers, customers and partners to generate information system task.

19.Business management is phenomenon of organizing people and resources in a business to carry out required task related to acheive the desired goals of business whereas Technology management is a discipline of business management where organization is set to accomplish their fundamentals of technology to create competitive advantages in the economy.Example- All the functions in a business operation from planning to staffing , organizing, controlling etc are covered under the business management whereas valuation of a technology and its regular development to provide customer satisfaction is an example of technology management.

PS: first four parts have been answered. Kindly post the remaining part in next question.