Global Enterprise Transitions

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Author(s): Yi-chen Lan (University of Western Sydney, Australia)and Bhuvan Unhelkar (University of Western Sydney, Australia)
Copyright: 2005
Pages: 26
Source title: Global Enterprise Transitions: Managing the Process
Source Author(s)/Editor(s): Yi-Chen Lan (University of Western Sydney, Australia)and Bhuvan Unhelkar (University of Western Sydney, Australia)
DOI: 10.4018/978-1-59140-624-2.ch001

Keywords: Business & Management / Business Science Reference / Global Business

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Abstract

Globalization, especially in the business world of the 21st century, is inevitable. Today, almost all businesses face intense competition all around the globe. The rapid changes in the global environment force enterprises to seek suitable business strategies to sustain them. This leads enterprises to change the way they conduct and operate businesses, and transform themselves in a way that will enable them to cope with the global challenges, compete globally and eventually grow. The winners in this phenomenon are the companies that implement their business operations in the most creative and innovative manner possible. Needless to say, this is done through the incorporation of information and communication technology (ICT) into business strategies and goals. In the past few years, IT has been recognized as an imperative factor that drives companies towards global operations (Palvia et al., 2002). Globalization is an all-pervasive phenomena in today’s world, with the business providing a significant context to the overall process. As former U.S. President Bill Clinton (2002) stated in his address at the University of California, Berkeley:

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