bus

1. Technology’s Impact
on Business

2. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 2 of 43
Introduction to Business 2
Why It’s Important
Knowing how technology has
influenced business sheds light
on new and future industries.

3. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 3 of 43
Introduction to Business 3
Technology’s Influence
on Business
Technology refers to the tools and machines people
have invented to make life easier.
Perhaps the most common technology staple used in
businesses today is the computer.

4. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 4 of 43
Introduction to Business 4
Technology in the Past
Even the simplest invention, like the plow, had a huge impact on
business.
Before the plow was invented, people had to dig in the earth with their
hands.
Because of the plow, more corn could be planted which meant more
corn could be produced.
Increased corn production meant hiring more people to harvest the
corn, selling more corn in the market, and building a corn-selling
business.

5. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 5 of 43
Introduction to Business 5
Technology in the Past
Since the invention of the plow, countless new
inventions have changed the way we live,
work, and do business.

6. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 6 of 43
Introduction to Business 6
Modern Technology
In the past 50 years, electronics revolutionized
business and society.
There is a never-ending demand to make electronic
goods smaller, faster, cheaper, and more powerful.
Computers can store thousands of files electronically,
saving time and office space.
The computer created a boom in nearly all business
industries.

7. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 7 of 43
Introduction to Business 7
Figure
9.1 TWENTIETH CENTURY’S TOP TECHNOLOGISTS
Technological inventions greatly affect your daily life. These
percentages represent people’s opinions about who technologically
influenced the twentieth century and beyond.
Which three inventors do you think you’re influenced by every day?
Source:
Opinions
Research for
CNET and
Techies.com;
voters could
choose up to
three
John Logie Baird (mechanical TV) 23%

8. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 8 of 43
Introduction to Business 8
E-Workforce
E-workforce is when people work with
computers while doing business.
According to the Bureau of Labor Statistics
more than 70 million people use computers
daily.

9. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 9 of 43
Introduction to Business 9
Employment
Technology makes people work easier and
faster.
Technology’s speed saves time and creates
new jobs.

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Introduction to Business, Technology’s Impact on Business Slide 10 of 43
Introduction to Business 10
Digital Workflow
Placing hard copies of documents on a digital
platform, like CD-ROMs or a database, has had a
great influence on the efficient use of time.
By switching information to a digital format, there is
less paper involved.
A digital workflow links all the steps in a process,
like publishing, electronically.

11. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 11 of 43
Introduction to Business 11
Technology Centers
The high-tech industry can be found in
practically any city, but it is heavily populated
in various technology centers, like California’s
Silicon Valley.

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Introduction to Business, Technology’s Impact on Business Slide 12 of 43
Introduction to Business 12
New Jobs
The Internet has created a demand for new
jobs such as software writers, online writers,
and Web page designers.

13. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 13 of 43
Introduction to Business 13
Virtual Business
The ease of doing business online has created a
boom in new businesses, or start-ups.
This type of business is called a virtual business.
Vocational schools, universities, colleges, and
community centers offer technical training or degrees
for people interested in expanding their technology
skills.
Technology skills will make you very attractive to an
employer.

14. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 14 of 43
Introduction to Business 14
E-Commerce
Electronic commerce, or e-commerce, has
made it possible for businesses to directly
reach customers anywhere in the world.
The main activity of e-commerce is buying and
selling goods and services.

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Introduction to Business, Technology’s Impact on Business Slide 15 of 43
Introduction to Business 15
E-Tail
E-tail is electronic retail.
An e-tail business sells products over the
Internet.
Any company can go online to sell any
product.

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Introduction to Business, Technology’s Impact on Business Slide 16 of 43
Introduction to Business 16
E-Tail
A multi-channel retailer uses several means
to sell products.
Businesses often call their stores and
warehouses bricks-and-mortar, referring to
building materials.
Businesses that also use the Internet are
called clicks-and-mortar operations.

17. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 17 of 43
Introduction to Business 17
Graphic OrganizerBricks-and-Clicks
Graphic Organizer
BRICKS-AND-MORTAR CLICKS-AND-MORTAR
RETAIL
E-TAIL
C O N S U M E R S

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Introduction to Business, Technology’s Impact on Business Slide 18 of 43
Introduction to Business 18
E-Tail
Putting catalogs on the Internet rather than
shipping them by mail saves a lot of money in
printing and mailing costs.
E-tail is an advantage to the consumer in two
major ways:
• Convenience
• Choice

19. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 19 of 43
Introduction to Business 19
E-Tail
E-tail is a disadvantage to the consumer in
four major ways:
• Buying power (overspending)
• Other charges (shipping)
• Immediacy (waiting for product)
• Relying on observation (not being able to see
products directly)

20. Chapter 9
Introduction to Business, Technology’s Impact on Business Slide 20 of 43
Introduction to Business 20
E-Ticket
Using their computers, people can now
purchase e-tickets, or electronic tickets.
Some people find purchasing an e-ticket is
easier and cheaper than visiting an actual
ticket agency.