Technological Change And Their Effects On Global Market Research

With the ever increasing pace of change in the world, today’s market leader can be out of business tomorrow if the organisation fails to adapt to the changes around it. One of the key assets of each organisation is its human capital, i.e. the knowledge, skills and abilities of its staff. If the organisation is to adapt,

Working in today’s society has changed in the last few decades. The economy and technology are the main reasons for this change. The type of job and environment where one works has also changed. The fact that many people work from home via the internet has drastically changed the workforce and the environment surrounding it. With this change have come new demands, expectations, and opportunities for employers. Everyone deals with these demands differently, affecting the employee’s quality of life and job satisfaction. Though the job and office types and locations have changed over the years the need for job satisfaction has not. In today’s economy the job is not as stable as it used to be. One must be prepared for changes in the future.

elucidating the need for the new technology, the boundaries within which the employees will have to

One of the most successful companies in this century is Microsoft. This company has been known to be treating their employees as their major assets as one of their ways to remain successful in the future. They conduct leadership and management development training for their employees to keep them globally competitive in their jobs and as influential people (Microsoft,

Still, technology has its own undesirable consequences. It has created forms of dependence in the world, in that its failure, can affect productivity in all areas, in so doing creating decreased morale. Employees are get lazier in doing their everyday tasks, especially when there is no help with technological support. Although the advances have some positive impacts, its usage must be continually monitored to ensure it does not affect the employee’s job performance.

The 2017 global trends report by Deloitte reveals how there is a pivoting to new organizational models; innovation-based HR platforms; employee experience strategies & learning and career programs (driven by social and cognitive technologies). It points out that as technology advances, so does the gap between technological sophistication and work actually performed; putting human capital strategies as the front-runner in the pursuit to reduce the same.

Successful companies must continue to meet the demands of revolving markets. Technology is assisting companies grow at a rapid pace. Organization structures must be looked at and scrutinized with the change of the market. Organization behavioral changes, even slight ones, must be carefully planned in order to minimize the stress on its employees. Several modern companies have come up with creative ways to keep employee morale at a constant high level and compete with an ever so demanding market.

Technology is taking over our lives and how we live it. Many things change as technology evolves, for example the requirements to be hired for a job have now changed because of technology and other factors like financial and legal global conditions shift. Financial and legal conditions as well as technology are important when it comes to hiring, training, and evaluating employees. In order to bring out the best in their employees Human Resources professionals and managers need to work together to create business approaches. Positive and constructive feedback to enables employees to enhance their job performance.

Technology has contributed to many of the largest changes in recent history. One field impacted by the revolutionary power of technology is work. The workplace continues to incorporate technology at an exponential rate that has in no doubt contributed to an increase in both the quantity and quality of goods and services available. The benefits of technology are widely known; however, the negative implications of technology in the workforce are a little more unfamiliar. The progression of technology in the workplace is harmful to society because of its degenerative effects on the working class. The widespread use of technology foremost threatens the stability of work and the character of the common worker.

The ethos of work fast, work smartly and be kind is really the cornerstone of their ability to tackle any job that comes their way. The company employees it would seem to develop a charged charisma in tackling any obstacle. The company’s culture is engrained with these three simple words, “Smart, Fast, Kind.” By understanding that, we as a company leave the baggage at the door, are fully engaged in our product, decision making collectively, and most important is they do not let stress affect themselves negatively. They strive to put forth the best product, production via socially or developing and executing a stellar event for the end user of their services. Smart, Fast and Kind, what a concept, it seems companies forget what these three simple words are being caught in the rat race to produce a product. Simple and elegant in the approach to a modern company that has been in business for over twenty years, happy and successful. Perhaps, this is the start of a business revolution in employee development that is leaps and bounds ahead of the vertical corporate structure. I for one, see that it just might

Technology has many impacts on employees and their skills because it could depend on whether they retain their jobs by learning new skills or be substituted with machines and robots. As technology changes over time, employees need to gain new skills to make better and more efficient use of the updated technology and equipment.

The development of new technologies such as drones and robotics at workplaces increases productivity but is it also costly to implement and maintain. Likewise, new technology decreases the need for labor work which causing layoffs. This challenge is only to grow in the future and therefore is future oriented. It shows that more skilled employees will be required at workplaces. Discussing this question with the senior leader aims to find what the company is looking for and what skills future employees should have in order to be efficient and successful.

Rapid changes and increasing pressures on resources of all kinds have meant, more than ever, that trained and able staff are vital to the effective and efficient operation of every organisation.

Well known companies like Nike, Microsoft, Sony, Shell Group are just some of the big companies that went global and expanded their trading around the world, they are large businesses that operate internationally in many countries. Development of worldwide integration urges companies to reach out international markets and interact with foreign customers. Businesses focus on fulfilling the demand of the market by its products or services, besides their target is increasing profit, in order achieve these goals they favor to expand their work in a foreign market. Other reasons to internationalize their business may be to become

Rapid changes in the global economic market entail transformations affecting not only the external environment of organizations, but also its internal operations and processes (Hall, 2008; Hodgetts, 2002). One important change that has altered the nature of contemporary organization is the “acknowledgement, development and systematic use of the skills and knowledge of employees” (Ramirez et al 2007, p 496). The central role of employees’ participation in the success of the organization involves not only “high performance work systems… [but] they also involve the decentralization of decisions and work enrichment that is providing employees with opportunities for involvement in decision-making and innovation.” (Wood & de