Adopting Tele-migration in Developing Asian Market: Exploring Drivers in the Face of Change

Abstract

The Industrial Revolution and globalization have brought about major changes in all industries, which have a direct impact on corporate success. Tele-migration is an emerging strategy that allows individuals to work remotely from foreign countries to gain several advantages while also favorably impacting the corporate environment. This study offers a unique exploration of the tele-migration phenomenon by utilizing diffusion of innovation theory as a theoretical framework. This research looks at the internal and external factors that drive individuals in the developing Asian market to use tele-migration. The internal factors that encourage the adoption of tele-migration include mainly freedom and flexibility, cultural immersion, financial incentives, and skills development, while the external factors comprise limited job prospects, government favorable policies, technological advancements, and skill-based compensation. Moreover, tele-migration is changing the performance of individuals in terms of their routine, work performance, and quality, resulting in increased productivity and improved skills. This study has practical implications such as adopting tailored tactics like tele-migration to address the industrial revolution and globalization opportunities and changes, moreover, individuals and start-ups can overcome geographical constraints and tap into the potential of expanding Asian markets by exploiting the benefits of tele-migration.