Technological environment refers to the state of science and technology in a country, including the rate of technological progress and arrangements for developing and applying new technologies. Technology includes both physical machines and conceptual approaches used to solve problems and advance progress. India has taken steps to develop technology through research institutes, a positive technology policy, growth in information technology, and incentives for domestic innovation. The technological environment presents opportunities for new innovations but also risks from new competitors utilizing new technologies. Businesses must adapt to technological changes in their industry or risk falling behind competitors.
An introductory presentation here for business students outlining the relationship between business strategy and technological environment. The role of technological change as an opportunity or threat is examined as are the drivers of innovation and the process of diffusion.
hi frndzz..This presentation is all abt impact of technology in business environment....
(Note : Dont go with text desription bcz some of the ppt r in .jpeg(pic) format)
An introductory presentation here for business students outlining the relationship between business strategy and technological environment. The role of technological change as an opportunity or threat is examined as are the drivers of innovation and the process of diffusion.
hi frndzz..This presentation is all abt impact of technology in business environment....
(Note : Dont go with text desription bcz some of the ppt r in .jpeg(pic) format)
This is the one important component of business environment. technological environment is external environment which affects the business. it provides opportunities as well as threats to our business. so understanding of technological environment is important to business man.
Information technology in international businessDanish Shoukat
The use IT in the field of international business especially in business trade of import and export. It is very valuable for commerce chamber with all the documentation and e clearance of goods
5 Of The Major Trends In International Business James Torpey
As the economies of countries around the world continue to develop, foreign trade and an interdependence of firms, markets, and countries continues to growth and expand. This development has lead to intense competition among different countries, industries, and firms to claim their share within the global markets. There are several major trends influencing the growth of international business, and how the players in the international arena interact. Here are 5 of the major international business trends.
Technological Environment - International Business - Manu Melwin Joymanumelwin
Technological change can have impact on the decisions taken by international business. Technological change can involve:
New process of production: new ways of doing things which rises productivity of factor inputs, as with use of robotics in car assembly techniques which has dramatically raised output per assembly line worker. For example around 80% of technological change has been process innovation.
New products: For example, online banking and many new financial services are direct result of advances in micro processor based technologies.
The world may continue to shrink in light of advanced technology, higher demands from markets and faster turnaround times, globalization has become a staple for world commerce and international business.
Hi..
My name is Sahil Madhuwalia,
This ppt designed by me
This power point presentation represent to technology environment of business environment and international business environment.
In this presentation, we will discuss about International Business Environment while focusing on the factors to globalize a business. Types of international business, growing importance to globalize, motivators to become an international company for a domestic firm will also be discussed here. Various favorable business environment and strategic decisions that influence and affect international business will be discussed along with.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
This is the one important component of business environment. technological environment is external environment which affects the business. it provides opportunities as well as threats to our business. so understanding of technological environment is important to business man.
Information technology in international businessDanish Shoukat
The use IT in the field of international business especially in business trade of import and export. It is very valuable for commerce chamber with all the documentation and e clearance of goods
5 Of The Major Trends In International Business James Torpey
As the economies of countries around the world continue to develop, foreign trade and an interdependence of firms, markets, and countries continues to growth and expand. This development has lead to intense competition among different countries, industries, and firms to claim their share within the global markets. There are several major trends influencing the growth of international business, and how the players in the international arena interact. Here are 5 of the major international business trends.
Technological Environment - International Business - Manu Melwin Joymanumelwin
Technological change can have impact on the decisions taken by international business. Technological change can involve:
New process of production: new ways of doing things which rises productivity of factor inputs, as with use of robotics in car assembly techniques which has dramatically raised output per assembly line worker. For example around 80% of technological change has been process innovation.
New products: For example, online banking and many new financial services are direct result of advances in micro processor based technologies.
The world may continue to shrink in light of advanced technology, higher demands from markets and faster turnaround times, globalization has become a staple for world commerce and international business.
Hi..
My name is Sahil Madhuwalia,
This ppt designed by me
This power point presentation represent to technology environment of business environment and international business environment.
In this presentation, we will discuss about International Business Environment while focusing on the factors to globalize a business. Types of international business, growing importance to globalize, motivators to become an international company for a domestic firm will also be discussed here. Various favorable business environment and strategic decisions that influence and affect international business will be discussed along with.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
How the new Initiatives will Shape the Future of the IT Industry_.pdfAnil
While I don't have access to real-time information, I can provide insights into potential trends and initiatives that may shape the future of the IT industry based on the information available up to my last update in January 2022. Keep in mind that developments may have occurred since then. Here are some key initiatives that were expected to influence the IT industry's future
In this report, we have a clear objective of planning and designing the IT structure and its implementation in the firm.
The objectives are as follows:
• Analyse the IT sector scenario and the company structure and working
• Risk assessment of the business environment
• Process, Application and Technology Integration
• Define a cloud strategy for Mindfire Solutions
• Devise the Technology Scorecard for the departments
• Suggest Change Management in regards to cloud implementation
• Prepare an action plan for each stakeholder
• State the benefits of the IT implementation
I Find Challenge In Drafting My Research Objectives For My Proposal On Digita...PhD Assistance
The evolution of digital technologies in the business world has brought major changes to the organizations considerably. Digital technologies have offered many suggestions for improving business processes, and also created vast opportunities for Entrepreneurs and Researchers. This paper aims to acquire knowledge based on the research in digital transformation, integrating the analysis of the research, and extracting the concepts and ideas from many fields. The study also aims at acknowledging digital technologies’ role in business transformations. The aim of the paper is to explain how digital transformation has an impact on business enterprises (Nambisan et al., 2019).
Visite : https://www.phdassistance.com/blog/
Contact Us:
UK NO: +44-1143520021
India No: +91-8754446690
Email: info@phdassistance.com
Disruptive Digital is an innovation that occurs when new technologies and digital systems affect or alter an enterprise's business model.
To know more details, visit : https://mitidinnovation.com/recreation/what-is-disruptive-digital/
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
2. Technological environment refers to the state of science and technology in
the country and related aspects such as rate of technological progress,
institutional arrangements for development and application of new
technology, etc.
Technology comprises of both machines (hard technology) and scientific
thinking (soft technology) used to solve problems and promote progress. It
consists of not only knowledge and methods required to carry on and
improve production and distribution of goods and services but also
entrepreneurial expertise and professional know how. Technology includes
inventions and innovations.
3. FEATURES OF TECHNOLOGICAL ENVIRONMENT
• Technological environment is a component of macro or indirect action
environment.
• Technological environment changes very fast.
• Technological environment affects the manner in which the resources of
the economy are converted into output.
• Technological environment is self reinforcing. An invention in one place
leads to a sequence of inventions in other places.
4. STATUS OF TECHNOLOGY IN INDIA
Indian Govt. has taken many following steps for technological
development.
1.Establishment of technological and research institute
Indian govt. has established 500 technological institutes for providing
education to Indian students. It has also established 1080 research
institutes. In these institutes major names like space research centre,
medical research centre and agricultural research centre have developed
India technically.
2.Positive Technical Policy
India has strong and positive technical policy for technological
development. This policy opens door to import technology from foreign
countries for increasing agricultural and industrial developments.
5. 3.High Growth Rate of Information Technology in India
In India, IT sector is developing with 35% growth rate, India is second
country after China who is using internet at large scale for e-commerce , e-
education and e-accounting .
4.Incentive for promoting Technology in India
Indian Govt. has given 100% income tax exemption for expenses incurred
in research of technology in India.
State financial corporation is uplifting domestic technology by supporting
finance to domestic Industries.
6. FACTORS OF TECHNOLOGICAL ENVIRONMENT
1.Pull of Technological Change
• Technological change generally refers to the advancements in the
production and manufacturing process of different goods and services. So
it is when we improve the way products are made or services are delivered.
In these times there is always a new invention or better technology around
the corner.
• This technological change brings both opportunities and threats to a
business.
2. Opportunities from New Innovations
• There are so many concepts, products, services, etc that have been
unexplored in the market. The advancements in technology mean that there
is the possibility of a new invention every single day. And firms have to be
alert about their technological environment to smell out a great
opportunity. If the firm can capitalize on a new invention or product, it can
become a pioneer in the industry.
7. 3. Risk of Technological Environment
• With opportunities come threats. If the company does not keep a track of
the new innovations and advancements in the industry, they risk being out
of date. If a business cannot adopt a new technology it can be forced out of
the competition. There is also the ever-present risk of new innovations and
entrants to the market.
4. Role of Research and Development
• The other important aspect of the technological environment is the role of
the R & D of the country. Technology and business are very
interdependent. The benefits of all the R&D a country does reaches the
public via the businesses. These findings and developments improve our
quality of life and uplift the economy and society.
8. ADVANTAGES OF TECHNOLOGICAL ENVIRONMENT
• Increased Reach
Using information technology, a marketer can reach an enormous number
of people with just the click of a button. Networked technologies give
millions of people instant access to each other, and this fact is being
exploited ever more actively by marketers trying to get their products into
the public eye.
• Speed and Flexibility
Technology allows advertisers to respond quickly to changes in the
marketplace. For example, if a competitor develops a product that quickly
becomes popular, an advertiser can alter the image of his own product to
more closely resemble the competitor's. Different markets can be targeted
with differently themed promotions using digital technology, without the
prohibitive costs associated with traditional print technologies.
9. • Competition
These technological developments less than perfectas they are available to
everyone. If one promoter had access to advanced technology, he would
certainly have a tremendous advantage. In a world that is saturated with
such technology, the result is a marketing arms race in which each business
is striving for the next edge over its competitors. This level of competition
can become expensive and stressful as new machines and software are
constantly being purchased and employees are constantly being trained in
new practices.
• Homogenization
Since marketers all hone in on the fastest, most efficient and most effective
way of getting public attention, the result is a growing homogenization in
both products and the way that they are promoted. Because digital
technologies make replication so easy, no marketer can have an edge on
the competition for very long, because others will copy whatever is
effective.
DISADVANTAGES OF TECHNOLOGICAL
ENVIRONMENT
10. IMPACT OF TECHNOLOGICAL ENVIRONMENT ON BUSINESS
• New Technology – New Products – New Business
During the 1990s, the world of photography started to see a shift from film
photography to digital photography. Three big names in the field of film
photography then were Fujifilm, Konica and Kodak. The change in
technology affected these businesses greatly. Experts state that Fujifilm
was more successful in adapting to the new digital technology and today it
manufactures digital cameras and lenses.
• Technology Transforming Operations
The developments in IT has taken over almost all departments of an
organization. Today, information is mostly stored in servers as opposed to
decades-old method of storing in hard copies (files and registers). Thanks
to the advancement in the internet, companies use digital marketing
strategies to market and sell their products today. Even the research and
design department of organization are subject to constant developments in
technology. For instance, companies like Boeing and Siemens are investing
hugely on adapting 3D printing technique for designing their products.
11. • Technology Helps Develop Business Strategies
The transformation in the way how data is collected, recorded, retrieved
and utilized has helped companies come up with groundbreaking business
strategies. Today, companies monitor customer taste and trends using data
that is available. The development in information technology has made it
possible for businesses to study customer behavior and develop strategies
accordingly. Technology has not only made it possible to collect and store
data but organizations are able to analyze the available data to come up
with meaningful conclusions and make informed decisions. With more and
more customer focus, data analytics will play a key role in growth
strategies of companies.
12. Gone are those days where companies could stick to decades old model
and they have their share of customers in the market. Today, companies are
working towards aligning themselves with the new-age technology. While
some organizations have been successful in leveraging on technological
development to grow in the market, to some businesses it has been
challenging to adapt to the changes. Technology and globalization has
made its impact on business of all scales.