Page 70 - DMGT545_INTERNATIONAL_BUSINESS

Unit 4: Technological Environment

notes
Example: Coca-Cola are produced in India by the way of license.
3. Technological Transfer: Technology can be transferred from on country to another by
way of collaboration many times we hear terms like German collaboration, Japanese
collaboration etc.

Example: Maruti Suzuki is collaboration between Maruti Udyog of India and Suzuki
motors of Japan.

4.2 technological cycle

The technological cycle is an organized way to develop technology:
Phase 1 – Need Analysis: Defining the problem and deciding weather to proceed and analyzing
the current system in depth and developing possible solutions to the problem and selecting the
best solution and defining its function.
Phase 2 – Designing Technology: The project team describes how the selected solution will work.
Each system activity is identified.
Phase 3 – Development of Technology: It includes creating or customizing the technology for
various parts of the system. There two alternative paths:
1. Acquisition,
2. Local development
Technical and user documentation is written testing is also integral part of this phase
Phase 4 – Implementation of Technology: The technology is installed in the user environment.

Phase 5 – Maintenance of Technology: Training and support to the users of technology,
improvements to the technology are made regularly during the remaining cycle.

self assessment

Fill in the blanks:
4. The technological cycle is an organized way to develop .................. .

5. .................. is a set of software tools that enables managers to gather, organize, and evaluate
information about a workgroup, department or entire organization.
6. A system that handles the processing and tracking of transactions is called .................. .
7. .................. in the domestic market can produce the produce the products by license
permission from MNCs.
8. Technology has drastically reduced time between conceiving an idea and .................. that
idea.
9. The world has become a .................., which has no barriers by the invention of internet
technologies which has reduced time of transferring information in no time.

10. .................. is a process of spreading.
11. The .................. describes how the selected solution will work.
12. .................. includes creating or customizing the technology for various parts of the
system.

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