Practicing Success
How has the technological environment changed for firms in the wake of liberalization and globalization? |
Decreased need for technological advancements Slower technological growth Rapidly changing technological landscape Stable technological environment |
Rapidly changing technological landscape |
Increased competition forces the firms to develop new ways to survive and grow in the market. New technologies make it possible to improve machines, process, products and services. The rapidly changing technological environment creates tough challenges before smaller firms. |