The paper 'Global Business Leadership" is a great example of business coursework. The global business has been observed to become increasingly competitive progressively, in the sense that the competitive organizations are coming into the same industry, presenting a high challenge to the existing companies in the same industries. Through this, organizations are forced to improve the quality of the products and services they offer, and more importantly regulate their market flow to enhance their performance and at the same time meet the demand of the consumers satisfactorily. It is clear that the ferocious competitive state in the technology industries has made the managers and stakeholders to device new strategies to update their technologies to defend their positions in the IT industry’ s globally (Eunice, 2012: 24-39).
This is only achieved through improvement of the current technologies and investment in new technologies such as innovations in the IT sectors and digital discoveries. Innovation has not only been confirmed to be one of the best solutions to challenges and demands associated with information technologies but also it has been highly accepted in the information technology sector as it exhibits the best advantage in the technology industry.
Innovation is an effective tool in any business organization in a perfect market, and it is the role of the managers and other stakeholders to devise appropriate measures to establish, support and strengthen innovations in their organizations to improve the general performance of the organization in terms of sales and customer satisfaction (Winseck & Pike, 2009: 31-54). The most critical idea that the global businesses need to integrate with their operations and business activities is the establishment of new and significant technologies and innovations that will beat their competitors and at the same time maintain their high performance in terms of quality deliverance and quantity production.
The global markets should understand that they should consider incorporation of approaches that will enhance their effectiveness with respect to quality deliverance, timely and sufficient supply of their technologies, and more significantly, meeting the consumers’ requests associated with pricing and availability among other business issues (Winseck & Pike, 2008: 7-37). Information Technology Industry is a competitive industry that is worldly recognized due to its quality services and products linked to new technologies in the information and communication sectors.
With such understanding, it is essential to investigate the market research integrated by the industry to get to its current position, and more importantly to determine the opportunities and business gaps created in the industry and need to be refilled to meet high standards of information technologies and associated digital technologies (Wright, 2008: 7-15). Competitiveness in business organizations is gained upon the integration of effective managerial and operational strategies in all activities and practices of the firm. Sound management is required to be able to make defined decisions and strategies that are crucial in the enhancement of the performance of an organization, and more specifically, in production sectors where quality and consistency are required (Khalaf, 2002: 13-42).
With the growing global market, regional and international business organizations are facing a global and immense challenge in managing the competition present, and this is with consideration of the observation that there are several companies coming up in different industries presenting a competitive environment to the existing companies in similar industries (Garner, 2010: 19).
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