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Business Environment and Strategic Management

Type: Report

Domain: Technology And Innovation

Words: 4500

 

Business Environment and Strategic Management

The following report highlights the process innovation aspect of British automobile manufacturing firm Lotus with the help of new technology adoption. It has determined the incorporation of technological advancements in the present business environment. It was observed that although technology is proving to be a beneficial aspect for business houses, there exist some major challenges in context of diffusion of technology such as human capital alignment with technological development.



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