Technological environment affecting indian business essay

Democratic processes of decision making and governance to a varying extent are increasingly receiving wider acceptance in most countries. In the coming years, the tariffs are expected to decline considerably further.

technology environment india

Not only bobs become more intellectual and knowledge-oriented, even the incumbents tended to become highly professional and knowledgeable. They wanted to build a prosperous, modern India casting aside centuries of stagnation, poverty and backwardness.

Technological environment in international business

Increasing Intellectuality of jobs: With the advent of technology, jobs tend to become more intellectual or upgraded. To begin with, Indian goods were excluded by legislation in Britain. Utilizing information technology, business can view changes in the worldwide markets far quicker than they normally do, they buy software bundles and hardware that helps them accomplish their occupation The globalization of production has led to multinational origin of product components, services, and capital as a result of transnational collaborations among business enterprises. For example, workers may work harder during periods of high demand and firms may use their capital assets more intensively by running factories for extra shifts; both factors can lead measured productivity to be too high relative to actual technological progress. Significant developments in the nuclear energy sector are likely as India looks to expand its nuclear capacity. Standardized products are increasingly finding markets across the globe. As a result, many firms, in all industries and different countries, establish co-operative agreements or adopt strategies of mergers and acquisitions and network organizations, which has contributed to a surge in FDI during recent decades. Similarly, the Indian Council for Agricultural Research took on the task of addressing problems of increasing agricultural output through its 97 institutes and 45 agricultural universities. Along with upgrading jobs, technology has its impact on human relations. To cope with global competition, firms need to simultaneously harness their skills and generate synergy by a broad range of specialized skills, such as technological, financial, industrial, commercial, cultural, and administrative skills, located in different countries or even different continents.

India was a poor country, ravaged and plundered by colonialism. Machines not only provide employment opportunities for men but they also take away the jobs of men through labor- saving devices.

This has gained significant importance off late.

Technological environment effect on business

The British government now adopted the strategy to close the British market for Indian goods and get the Indian market opened for British manufacturers. Scientific research in the Nan-strategic sphere was entrusted to the Council of Scientific and Industrial Research SIR with its 37 laboratories and over 1 2, scientists. In terms of percentage of imports and exports to total output, the US could reach the pre-World War level of 11 per cent only around In the early age of civilization business was carried out on the basis of Bata trade as currency came into existence and there were business set Ups our perception started to change towards business but more so since the last 50 yrs with the advent of the information technology the world has turned around. Such globalization of markets has on one hand increased the opportunity for marketing internationally while on the other has increased the competitive intensity of global brands in the market. The simultaneous competition in markets between the numerous new competitors across the world is intensifying. India was a highly developed manufacturing country and exported her manufactured products to Europe and other nations. Besides, the import substitution strategies followed by most developing countries, which gained independence from colonial rule in the post-World War II era, considerably restricted international trade and investment. A liquidity crunch in the US makes stock markets across the world go berserk. The Great Indian Technologies From launching its first satellite to becoming self sufficient in food grain production to entering the nuclear power club, the last 60 years have seen India transform from a poor, struggling country into a modern scientific power that defied global pressure to carve out a place for itself in the field of science and technology Subbed Farm When India became independent, the political leadership -? It opened trade in Chinese products via caravan routes in the region around the Black Sea and in Indian and other Asian products via Syria and Alexandria. These factors provide insights into behaviour, tastes, and lifestyles patterns of a population. Social factors - These factors are related to changes in social structures. Elucidating the conceptual framework of globalization, encompassing financial, cultural, and political aspects, besides the economic.

In order to achieve the scale economies to sustain large-scale production, markets beyond national boundaries need to be explored. Until the eighteenth century, the British generally maintained peaceable relations with the Indian Mughal empire, whose authority and military power were too great to be challenged by the British.

As a result, there has been widespread rise in the fragmentation of production processes, whereby different stages of production for a given product are carried out in different countries.

Technology in india

Such globalization of competition has resulted in the emergence of new strategic transnational alliances among companies across the world. India ranks 13th position at the Nature Index in , based on counts of high-quality research outputs in natural sciences. Factors Influencing Globalization: The process of globalization is characterized by the interplay of dynamic forces that act as movers and restraining factors, as shown in Fig. The process of old replaced by new is called Technological Discontinuity. Democratic processes of decision making and governance to a varying extent are increasingly receiving wider acceptance in most countries. This rapid dissemination of technology internationally and the simultaneous shortening of the cycles of production has led to the globalization of technology. This offers tremendous challenge to the existing business competitiveness of firms, compelling them to globalize and make rapid structural changes. Therefore, globalization may be defined as the process of integration and convergence of economic, financial, cultural, and political systems across the world. Even when the big machine age began in England, Indian goods continued to pour in and had to be stopped by very heavy duties and, in some cases, by outright prohibitions. Organisations need to consider the latest relevant technological advancements for their business and to stay competitive.

Companies from the US, the EU, and Japan manufacture at overseas locations more than three times of their exports produced in the home country. High expectations can pose a challenge as well as opportunities to the business sectors.

Rated 10/10 based on 38 review
Science & Technology in India: Achievements, Research & Development