Emerging Technologies, Globalization and Strategic Business Management: Exploring the Trilogy for Developing Countries

Abstract

In this paper, we explored the trilogy of emerging technology, globalization, and strategic management with a focus on developing countries. The quantitative study deployed the quasi-experimental research design whereby a cross-sectional survey was conducted to collect data from respondents at a single point in time. The Population consists of individuals who are Nigerians living either in Nigeria or in the Diaspora. With a sample size of 385, the population size was determined using the z-score at 95% confidence level and a choice response of 50%. We adopted the conceptual framework of the Unified Theory of Acceptance and Use of Technology (UTAUT), a variant of The Technology Acceptance Model (TAM), in this study.This study is significant because of the need to understand the emerging trends in technology adoption and the role of globalization against a backdrop of a given economic environment. A cursory appraisal of the environment will show that strategic business management may, or may not, have played a role in moderating the patterns in the adoption of emerging technology. Exploring the trends, trilogy, and country conditions (for a developing economy) are the springboards for this study. Among others, the study found that females use emerging technologies more than males with clear gender differences in the salience of various factors that determine an individual’s technology adoption decisions in the workplace. Furthermore, it was observed that strategic management in the form of regulations and policies or incentives, can affect the impact of technology diffusion within an economy. Finally, the study recommends an expansion of the study to include topical aspect of emerging technology like Internet of Things, Artificial Intelligence and 5G devices.

Keywords: Emerging technologies, globalization, strategic business management, developing countries

DOI: 10.7176/EJBM/13-13-01

Publication date:July 31^st 2021