Managing Emerging Technologies: The World Bank Group - Case Study Example

This implies businesses should become conversant with performing important businesses around the world at any prearranged timing.... Similarly, the capacity for the unsurpassed technologists to remain informed regarding emerging technologies remains a challenge when mastering the current technology of the business.... Additionally, business prototypes are moving towards accepting more instant communication in every framework (group, Bespoke Investment 1)....

British Telecommunications, which once enjoyed freedom from competition as a government monopoly, is now facing unprecedented challenges from communications providers in every part of the world in which it operates.... Like many firms throughout the world, BT became caught up in an acquisition frenzy during the late 1990s and at the turn of the century.... Over the next several years, BT will continue to confront price pressures in its broadband unit, declining residential phone service sales and a need to keep pace with the rapid technological development occurring in its various industries (BT group 2006). … BT will be forced to make strategic capital investments if it hopes to successfully meet its competitive challenges and invest in potential growth markets....

This new system of relations influences the internationalization of trade and finance, the increasing power of transnational corporations, and the enhanced role of international economic institutions like the IMF, the world bank, and the WTO.... hellip; Free trade proponents assure the public that the elimination or reduction of existing trade barriers among nations will enhance consumer choice, increase global wealth, secure peaceful international relations, and spread new technologies around the world....

The paper describes various factors that should be considered in the alignment of emerging technologies with business needs.... Businesses in a competitive market try to ensure that up-and-coming technologies are utilized before other competitors put them in to use.... any businesses are facing the challenge of managing information in order to get maximum output....

The United States credit market default that started the global recession all over the world has changed the financial setting significantly.... Market liberalization, as well as the induction of latest information technologies, led to a strong trade growth resulting in several mergers and acquisitions in addition to off shoring potential....

Apart from the fact that they boost the local trade and employment, SIT packages are known to take even the smallest nation or the family business out of obscurity and into the world limelight.... The globalization has further, made it easier for entrepreneurs to encash the vast potential in this new emerging industry.... Another very important aspect of the international business is that the compulsions of the present times require versatility in the work ideology and functioning, thus making it imperative that new skills and strategies are evolved to meet the emerging challenges with efficiency and unmatched proficiency....

His method has been in use in the contemporary modern world in planning and control since its inception.... According to the research findings of the paper "Classical School of Organization and Management", the major management challenge in the UK has been on how to blend the application of the new technologies with the desire to maintain the traditional form of face-to-face relations with the customer… This together with the surging labour dissatisfaction made the stakeholders look for solutions, which resulted in test solutions....

hellip; Information technology has made it easy for people to pass various kinds of information from one part of the world to another.... This development has seemed to cement the fact that the world has indeed become a global village.... Companies that depend on these factors in the management and other areas of their business practice are expected to ensure that they develop better systems of managing the technologies used in the business.... While information technology has led to the success of most businesses, it has also been the cause of failure of other business, which have not mastered the most effective ways of managing the technologies in their businesses (Mitnick 2011)....