What Are the Advantages and Disadvantages of Technological Advancements from the Viewpoint

question 27

Essay

What are the advantages and disadvantages of technological advancements from the viewpoint of FIs? Use examples where appropriate.

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Definitions:

Tight Culture

Cultures or organizations characterized by rigorous rules, regulations, and expectations that govern member behavior, ensuring uniformity and conformity.

Cultural Distance

The degree to which cultural norms, values, and practices differ between two groups, societies, or countries.

Impedes Communication

refers to any barriers or obstacles that interfere with the effective exchange of ideas, messages, or information among individuals or groups.

Cultural Distance

The extent to which different cultures diverge from one another, affecting communication, management practices, and business strategies when engaging across borders.