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The recent disruptions caused by the COVID-19 pandemic have shaken
the fundamental foundations of global business to their core,
creating unprecedented challenges for management scholars and
practitioners. In addition, over the past few decades, the general
adoption of communication technologies and the evolving trends
towards digitalization and Industry 4.0 have revolutionized the way
organizations are managed and led. Business model innovation and
the developing importance of sustainability have also emerged as
strategic platforms for all types of organizations. Technology-led
managerial transformation has now become critical for 21st century
business.This book investigates four approaches in understanding
the perspectives for integrating technology with holistic
development: a Civilizational Approach, which integrates cultural,
historical as well as geographical nuances in a way totally
different from the Western positivistic models; a Stakeholder
Approach, which involves moving away from a mere participant or
observer role and embracing the 'Stakeholder' role; a Knowledge
Partnership Approach, which lays the foundations of India's
technology-led development through education, training, research
and talent management; and a Strategic Development Approach, which
unlocks the economic growth and wealth creation potential by keying
marketing and branding at the ecosystem level.
The international business sector has been completely
revolutionized due to shifts in global economy, digitization, and
the Internet. Integrating New Technologies in International
Business: Opportunities and Challenges explores the rapid changes
in technology that have affected businesses and social environments
that are offering new challenges and opportunities for small to
mid-size enterprises (SMEs) and start-ups. It highlights how
businesses in emerging economies are implementing the new
technological innovations to compete in the global market. The
chapters in the volume provide valuable insight on many
cutting-edge topics on new technology in the business environment
and the new digital world, or Industry 4.0, including: Internet of
Things (IoT) and customer relationship management Cross-cultural
management Artificial intelligence Social media advertising
Multichannel banking Digital payment technology Blockchain
technology Augmented reality Eye-tracking analysis This book will
be a valuable resource for business leaders and managers, industry
professionals, business scholars, regulatory stakeholders,
policymakers, faculty and students, and those who are interested in
the current trends in the state of global digitization in
industrial markets. The information provided here will help readers
find the most appropriate approaches for taking advantage of these
new technologies.
New technologies such as artificial intelligence, blockchain, the
Internet of Things (IoT), etc. are redefining business processes
around the world at a rapid rate and resulting in both great
opportunities and challenges for businesses. Though these
technologies are extensively being used in developed countries,
emerging economies are also not far behind. Disruptive Technologies
in International Business advances the understanding of
technological applications in business within an international
paradigm. With its in-depth discussions of diverse topics such as
the global value chain (GVC), environmental risk management, IoT,
Surface Mobility, and anime, the book argues that technologies
offer many advantages but there are accompanying risks, challenges,
and disadvantages as well. The need of the hour is to address the
impact of these technologies on the environment, society, and
economy of the world. This book offers a collage of insights on how
these technologies can potentially change the playing field in
businesses and countries and contribute to the betterment of
society. This book will provide business practitioners,
international organizations, government officials, and policy
makers with inspiration and new leads toward more efficient
systems, policies, and operational frameworks in our increasingly
technology-driven society.
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