Photo AI
"Globalisation refers to the increasing interdependence of the world’s economies." (A) Outline four developments in technology that have facilitated the growth in globalisation. - Leaving Cert Business - Question A - 2012
Question A
"Globalisation refers to the increasing interdependence of the world’s economies." (A) Outline four developments in technology that have facilitated the growth in ... show full transcript
Worked Solution & Example Answer:"Globalisation refers to the increasing interdependence of the world’s economies." (A) Outline four developments in technology that have facilitated the growth in globalisation. - Leaving Cert Business - Question A - 2012
Step 1
Design/CAD
Answer
Computer Aided Design (CAD) has transformed the design process by making it simpler and more efficient. This technology allows designers to create and modify design drafts quickly, enabling companies to react to changing global market conditions more swiftly. As a result, this development enhances collaboration and innovation across borders.
Step 2
Production/CAM
Answer
Computer Aided Manufacturing (CAM) makes it possible for businesses to control their production processes more effectively. By integrating CAM with Computer Integrated Manufacturing (CIM), companies can streamline the entire production process, from design to delivery. This not only improves efficiency but also allows firms to produce standardized products customized to meet local market demands.
Step 3
Communication/mobile technology/EDI
Answer
Electronic Data Interchange (EDI) greatly enhances global communication. It facilitates the exchange of documents such as orders and shipping details rapidly. Technologies like automated stock ordering ensure that businesses can manage their inventories and respond to market demands in real-time, allowing for seamless operations across different regions.
Step 4
Decision Making/ISDN
Answer
Integrated Services Digital Network (ISDN) provides a means for businesses to send and receive data over telephone lines reliably. This technology supports various forms of communication, including video conferencing and file transfers. By enabling global communication and efficient decision-making, ISDN helps companies to maintain a competitive edge in the global market.