Globalization of Technology in Emerging Markets †MyAssignmenthelp

Question: Discuss about the Globalization of Technology in Emerging Markets. Answer: Introduction: Globalization has helped in the growth of the organizations in the international markets, which is dependent on identifying the modification in the needs and preferences of the consumers. The understanding of the global trends and the inputs that are being made by the organization has helped in maintaining the variable aspects of the change in the structure of the businesses. It has offered the organizations a wider scope for functioning in the global market. On the other hand, globalization has helped in the development of economic, political, social and cultural attributes of the nation and bringing all the factors together (Briscoe, Tarique and Schuler 2012). Globalization has helped the organizations to grow in the international markets through the proper exposition of the diversity management. The identification of the objectives of growth of the organization is initiated through the free functioning of the global trends. The managers of the organizations are required to take st eps to facilitate the performance of the organization in global scenario. The purpose of discussing the factors that determine globalization is to judge the status of organizations in the changed global scenario. The report is based on the understanding of the impacts of globalization on the businesses and the manner in which the management of the organizations are required to perceive the changes in the structure for facilitating the improvement in the global markets. The impacts of globalization on the organizational culture and its performance are the major theme that is discussed in this section. It will help in identifying the different aspects of change that is planned by the businesses to sustain in a highly competitive world market. The outstretching changes in the organization profile helps in identifying different elements of profitability of the organization in the market. Evolution of multinational corporations The evolution of the multinational organizations is dependent on identifying the different elements of the change in the structure of the business (Crane and Matten 2016). On the other hand, proper understanding of different aspects of change is dependent on the collaborations that are being undertaken by the organizations in the international markets. Expansion of the scopes of business helps organizations in maintaining a proper equilibrium between the profitability of the organization and the sustainability of the same in the international markets. According to Hitt, Ireland and Hoskisson (2012), globalization in the world markets has forced the organizations to take up the challenge of the change in the processes undertaken by the same. On the other hand, identification of client needs and preferences of the customers have helped organizations in maintaining a steady relationship with their customers. Thereby the brand loyalty is instilled among the consumers of the brand. The co mpetition that is being faced by the domestic companies while expanding to the world market has forced the same to bring in the changes in the functioning of the businesses in the market (Kraidy 2017). The identification of the needs of the customers through the record of the feedbacks has helped in undertaking the change in the structure and the functioning of the organization in the marketing strategies. According to Agnew (2017), the innovation that is considered by the business is dependent on analyzing the needs of customers and identifying the competition in the market. The technological innovations that are undertaken by the organizations in the international markets have forced the small-scale industries to undertake the same based on the identification of the different factors that affects the productivity and the cost reduction. Dunning (2014) stated that the proper identification of the benefits of undertaking the change in the processes will be offering them the scope of expanding their business in the international markets. The employment that is undertaken by the organizations is dependent on their objectives of expanding in the international markets. The companies take different market entry modes in order to facilitate its growth in the new countries. Among the well-known market entry modes of the organization, the merger and accusation stands out to be the best (Najam, Runnalls and Halle 2016). Alternatively, proper identification of different factors that affects the recruitments are facilitated by the employers in order to justify their need of identifying the market entry mode that is being taken by the organization. According to Iammarino and McCann (2013), the proper understanding of changes helps in identifying quantifiable aspects of recruitments that are undertaken by the organizations. Recruitments that are undertaken by the businesses are based on their need of expanding their enterprise in the international markets. Alternatively, the recruitments that are undertaken by the businesses have helped in identifying expansion of processes of the organization in the market. The basic consideration of the organizations is based on the understanding of bringing in improvements in the structure and the functioning of the business in the markets. Ferner, Edwards and Tempel (2012) stated that the proper identification of the different issues that are being faced by the organization while recruiting is based on the diversity in the background and the culture of the people. The understanding of the different factors of the change, which helps the organization in its smooth functioning, is dependent on considering the expansion that is planned by the organization. Cultural diversity and heterogeneous workforce Diversity is one of the primary elements of the change that is brought about by the different aspects of innovations that helps the organization in maintaining its sustainability of the organization in the market. The diversity in the organization has helped the same in identifying the different aspects of the innovative capabilities of the organization (Fominaya 2014). The Knowledge capability of the organization helps in identifying the capabilities of the organization in order to bring in the change in the structure and the functioning of the organization in the market situation. According to Gupta (2012), the proper identification of the job roles of the people and the manner in which the proper functioning of the different aspects of the innovations are undertaken in order to maintain the sustainability of the organization in the market. Therefore, diversity is one of the major aspects that are being affected by the functioning of the organization in a globalized village. The re cruitment of the people from different geographical, racial and cultural backgrounds and assigning the most proffered role helps the organization in making enhancements in the systems and specialization of the processes undertaken by the same. Liang, Ren and Sun (2015) stated that diversity in the workforce helps the organization in forging improvements in the structure of the business that might affect the growth and the expansion objectives of the organization largely. Therefore, the company takes steps to recruit the local people where the organization is undertaking their entry to reduce the cost of employing some existent employees of the organization. On the other hand, the identification of the change that is being undertaken by the organization helps undertaking the progress of the organization as per the formulation of the strategies (Cuervo-Cazurra and Ramamurti 2014). Knowledge of the managers for facilitating globalization The managers of the organization takes steps in order to undertake the management of the firm through the understanding the necessary steps that would support the progress of the organization in the international markets. The chief activities and the knowledge of the managers help the firm in extending its resource capability through the understanding of the change in the context. Decision making of the organization is dependent on understanding change that is planned by the managers of the organization. It helps in identifying the different aspects of the change in the movement of the processes and the functioning of the same in the market. Fitzgerald (2016) stated that the decision making functions of the organization helps to maintain its efficiency is dependent on identifying the different factors that affect the performance of organizations in the market. On the other hand, the proper functioning of the organization is based on the decisions that are being taken by the managers and the leaders of the organization. It helps in synchronizing needs of the workforce with requirements of the organization in order to bring forth changes in the market situations. According to Cooper and Ezzamel (2013), the proper functioning of the managers helps in identifying the change in the structure and the functioning of the business through the decisions that are being t aken by the hierarchy of the authorities in the organization. Therefore, the decisions that are taken by the managers of the organization give a direction to the workforce in order to streamline their activities to the achievement of the objective of the organization. The manager of the organization has the knowledge of the processes that are being undertaken by the organizations in the market. The managers have the complete knowledge of processes that are planned by the business, which has facilitated smooth performance of the organization. On the other hand, Liou, Rose and Ellstrand (2012) stated that the proper identification of the change factors that would help in bringing forth improvements in the situation of the organization is facilitated through the understanding of the processes and the flaws and drawbacks of the processes undertaken by the organization. Knowledge of the processes helps the managers in order to bring in changes in the functioning of the business in the market. Garfolo and L'Huillier (2014) stated that understanding the different factors of the improvement is facilitated through the identification of the processes and the faults. Therefore, the knowledge of the managers helps in guiding the change in the structure and th e functioning as per the needs of globalization for enriching the scopes of the organization to expand its business in the markets. Understanding the market situation The identification of the market situation of the organization is based on the understanding of the strengths and the weaknesses of the organization to participate in the globalization that has affected the global markets (Vance and Paik 2014). The identification of the market situation of the organization through the analysis of the market shares helps the managers in taking the most valuable decisions for the growth and the expansion of the organization in the international markets. The value of the decisions that are being taken by the managers is based on the type and level of change that the organization is capable of undertaking. Amin (2014) stated that the identification of the market situation is a crucial action that is being undertaken by the managers in order to understand the capabilities of the organization to bring in the change based on the requirements of the same to improve in the international markets. The motivational activities that are undertaken by the managers has helped in identifying the approach of the workforce and the objective centric performance of the business while operating in the market. Motivational activity that is planned by the managers has helped in bringing forth change in the structure of the businesses in the markets. Montobbio and Sterzi (2013) stated that the proper identification of the different key elements of the change that is planned by the organization helps in identifying the improvement in the functioning of the workforce in the market. Company case study context- Altium Limited The company, Altium Limited, is an Australia based public software company that provides PC based electronics design for the engineers who design printed circuit boards. The company has taken steps to develop in the international markets through the proper understanding of the evolution of the technological aspects. Nick Martin founded the company in the year 1985 with the name Protel (Annualreports.com 2018). The development of the company since its inception was dependent on understanding the change in the needs and the requirements of the customers and the manner in which the engineers to adhere to the change in the requirements of the people. The company has its headquarters in Australia, China, United States, Europe, and Japan, which clearly portrays the growth of the company in international markets. The company has taken steps to improve its situation in the markets based on the technological advancement made by the same. It has helped the organization to stick to its goal of expanding to the international markets. Alternatively, growth of organizations in international markets has helped the same in expanding the scope of the business. The growth of the revenue structure of the company in the year 2016 was recorded to be US $ 100 million. It has helped in identifying the capabilities of the organization to maintain its growth in the international markets (Annualreports.com 2018). Globalization has helped organizations to bring forth improvements in the structure and the functioning of the same in the international markets. The rise in the total assets of the organization has helped in the understanding of the change that is being undertaken by the organization and the manner in which it has helped in the profitability of the organization in the international markets (Arajo 2014). On the other hand, the rising liabilities determine the issues that are being faced by the organization while operating in the international markets. The understanding of the issues and the opportunities of the organization helps in identifying the effect of the globalization on the processes that are being undertaken by the organization in the market. Challenges and opportunities that globalization presents The impact of globalization on the activities and the processes that are undertaken by the organization, Altium Limited, helped in identifying the opportunities and the challenges that are faced by the same while operating in the international markets. It will be helping in identifying the strengths and the weaknesses of the organization and thereby concentrate on bringing forth the change in order to improve in the international market. This section of the report focuses on the challenges and the opportunities that are being faced by Altium Limited while operating on a globalized market situation. The customer expectations play a major role in identifying the position of the business ion the market. The company Altium Limited, faces an issue based on the understanding of the needs of the customers and thereby deliver the value to them. The major aspects of the challenge that is being faced by the organization in the global market is based on the different alternative commodities and software that is made available in the markets. Therefore, the company has taken steps to improve their technology based on the understanding of the needs of the customers in the market. However, the change did not bring about improvements in the position of the organization in the market (Bostrm et al. 2015). There are complains of the customers who are facing with the usage of the products and the services that are being delivered by the company. It has affected the goodwill of the organization in the market. On the other hand, the competitors in the market have affected the growth of the organization. The value that is being created by the competitors gives a strict competition to the value that is being created by the organization. The identification of the expectation of the customers in the market and thereby design the functioning of the organization requires a flexible organizational structure which is lagging in Altium Limited. It has affected the growth of the organization in the international markets. However, the company is recently trying to cope up with the challenges in order to meet the objective of the organization of its free growth in the international markets. The cultural shifts have affected the growth of the organization in the market. The company has taken steps in order to understand the different cultures of the people. However, the identification of the culture is not possible through meager surveys. On the other hand, the understanding of the different cultures would have helped the organization in bringing forth the improvements in the systems. The cultural shifts have affected the functioning of the organization in the respective markets. The organization, Altium Limited, currently operates in Japan, China and Europe where the cultural diversity is more than in US or its homeland Australia itself. Therefore, the company has faced an enormous challenge in imbibing the culture of the nations and the customers living in the same in order to operate in the international markets. On the other hand, the identification of the cultural background and the demography of the people have affected the growth of the organization while operatin g in the international markets. On the other hand, the identification of the preferences of the customers is an important factor that affects the functioning of the organization in the international markets. the preferences of the customers mostly depends on the cultural shifts and thereby the company is required to undertake an analysis of the culture that is being followed by the people in order to determine their preference of the software and the digital chips that are designed by the organization. Conflicting ideas in the workforce The conflicting ideas in the workforce have affected the smooth functioning in the system level structure of the organization. The diversity in the workforce has affected the functioning of the organization due to the different ideas that are being presented by the employees as per the culture and the background of the individuals. The different levels of expertise of the workforce and the proper understanding of the different aspects of the change in the processes help the organization in identifying the smooth functioning of the workforce. However, the conflict in the ideas and the morals of the workforce creates an interruption in the working process. It helps in identifying the different aspects of the challenges that are being faced by the organization in its internal structure. Globalization has also created opportunities for the growth of the organization, Altium Limited, in the international markets. The different opportunities that are being created by globalization have helped in identifying he sustenance of the organization in the market based on the changes in the trends and the cultures of the businesses and the preferences of the customers. This section of the report emphasizes on the understanding the different opportunities that are being faced by Altium Limited as a result of the globalization. Globalization has helped the organization in its growth process in the international markets. It has helped the organization in expanding its markets to the nations in the Europe, Japan, China and the US. The different aspects of the change are based on the technological advancements that are undertaken by the organization. The advancements have helped the organization in sustaining in the international markets, despite of the tough competitions that was faced in its initial stages of growth. The company has acquired several companies since its inception, which has helped the company in sustaining its growth in the international markets. On the other hand, globalization has provided a wide platform for the organization to identify the needs of the customers and thereby exhibit their potential through the designing of the new technologies that adhere to the requirements of the global customers. Therefore, globalization has helped the organization in expanding their markets offshore (G oldin and Reinert 2012). Innovation through the diversity in the workplace The diversity in the workplace has also helps the organization in undertaking the innovations through the understanding of the different cultures and the heritages of the people. The major aspect of the change that is being undertaken by Altium Limited is based on the understanding of the different cultural shifts and the manner in which it applies to the innovations in the technology. The company has acquired several companies Morfik Technology Pty Ltd., Ciiva, Perception Software, Octopart and the like which has added to the sustenance quotient of the organization in the market. On the other hand, the acquisitions that are being undertaken by the organization have helped the same in maintaining the Knowledge management of the organization. It has helped in bringing in innovation in the systems undertaken by the organization. The free flow of labor while operating in the international markets has helped the organization in developing their processes. The proper functioning of the organization is characterized by the smooth functioning of the workforce. The free flow of labor force helps the organization in undertaking the smooth functioning of the operations resulting to the improvements in the structure and the functioning of the business in the markets. The management of the labor force and the recruitment of the trained engineers and personnel in the workforce have helped the organization in maintaining their objective of innovation. It is aimed at maintaining the sustenance of the organization in the international markets. The company, Altium Limited, thereby has taken steps in order to bring in the changes in the systems and the functioning of the businesses in the market, which has affected the proper functioning of the organization in the market. Conclusion Therefore, from the above analysis it can be stated that globalization has affected the functioning and the structure of the organizations. The technological advancements that are being taken by the organization help the same in expanding in the international markets. Globalization has offered the organizations with a vast platform for undertaking different changes in the structure and the functioning in the market. However, there are various challenges that are being faced by the organization as an impact of globalization on the enterprises. Altium Limited has taken steps to identify the strengths and weaknesses of the same while operating in the globalization scenario. The report enumerates the different challenges and opportunities for growth of the organization while operating in the global markets. The major aspects of the change that is being undertaken by the organizations are based on the functioning of the same in the market while identifying the change in the needs of the c ustomers in the nations where the organization aims at operating. The outsourcing functions will be helping the organizations, specifically Altium, to mitigate the business risks through passing the risk factors to the different companies through the outsourcing of the different activities. On the other hand, the outsourcing and off- shoring functions might affect the goodwill of the organization while operating in the international markets as it will be affecting the change in the systems of the business. References Agnew, J., 2017.Globalization and Sovereignty: Beyond the Territorial Trap. Rowman Littlefield. 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