Page 301 - DMGT401Business Environment

Business Environment

Notes 14.5 Self Assessment

State whether the following statements are true or false:
1. Globalisation refers to only economic interdependence of the nations.

2. With advent of technology the life of a product has increased but the market life has
decreased.
3. Adaptive capabilities refers to knowledge the production processes and adapting to the
same.
4. Technological literacy also includes the cultural framework of the group within the
countries.

5. Product of Mahindra -XYLO is not selling well due to lack of product innovation.
6. Most of the companies have R&D centres of their own and India is a hot destination for
such R&D activities.

7. Nike gets its shoes stitched and polished in Africa. It is known as rational production.
8. McDonalds follow standardization in quality but customization in offerings in different
nations.

9. With increase in globalisation, there is constant switch over of jobs which can affect the
organisations adversely.
10. One of the negative impacts of globalisation is that it reduces employment opportunities.

Fill in the blanks:
11. Panasonic, a company which is considered high in technological innovation belongs
to…………….

12. When a company acquires another company which produces intermediary products for
the company. It is known as…………………
13. Opening up of multi-million, BPO industry is a part of ………………… production practice.

14. …………………was India's first ever nuclear reactor.
15. …………………..refers to the efforts to effectively assimilate technology.

14.6 Review Questions

1. "With the technology developments, time, space, and other temporal constraints to
information have been reduced and, in many cases, eliminated". Discuss.
2. "Each new process or invention makes even further advances possible." Comment.
3. Has technology completely taken over our lives? Does it have negative implications also?

4. Suppose you are the CEO of a FMCG company. Your company is not bale to keep up with
other companies and it has reach limited to major cities. What can you do to revive your
company?

5. "Application of technology requires a set of specific capabilities." Substantiate.
6. Take an example of any automobile company and discuss how it has used technology to
move ahead of competition.

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