Final answer:
Technological advancements have greatly changed global operations by increasing competition due to online commerce and the development of B2B websites, and by shifting production towards high-tech equipment, beneficial to countries with a competitive advantage in that sector. Remote working capabilities have also reshaped business models.
Step-by-step explanation:
Technological changes have had a significant impact on global operations for companies. The development of the internet and communications technologies has precipitated a shift towards online commerce, allowing consumers around the world to purchase goods and services from different countries, which has substantially increased competition for local retail businesses. Additionally, the emergence of business-to-business (B2B) websites has revolutionized the supply chain, enabling suppliers and buyers to connect on a global scale, fostering an international marketplace unrestricted by geographical boundaries.
Moreover, technology has led to an increased demand for high-tech capital equipment, particularly in manufacturing processes which leverage computer technology. This has provided a competitive advantage to countries like the United States, which is prominent in producing such high-tech equipment, thereby enhancing its net exports.
Another transformative effect of technology in business operations is exemplified by the ability of individuals to work remotely, managing teams across the globe. This has changed traditional business models, leading to more flexible and efficient methods of working, like the case of Ashley, an engineer who can oversee projects from home.