2. Technology
Technology can be defined as the socialized
knowledge of producing goods and services.
We can describe the term technology with five
important elements:
production,
knowledge,
instruments,
possession and
change.
3. Information and communication
technology
Developments in information and communication
technology have changed our way of life, whether it
is at home, at work, at school or at leisure. The
internet and the development of digital technology
(computer-based technology) in particular, have
made the most significant impact in the field of
information and communication technology in the
past decade.
4. Information technology
• Global Telecommunications
• WWW (World Wide Web)
• Global Media Networks
• Satellites & GPS (Global Positioning System)
6. What has Technology brought with it?
• Accessibility
• Availability
• Upgrades
• Saves Money
• Destruction
• High Social Risk
7. Pros & Cons of technology
• Increased Productivity
• Less Workforce & Higher Profits
• Communication & Sharing
• Business Potential and Job Creation
8. Old and New Economy Values
• employees are naukars
– or partners in every sense
• shareholders taken for granted
– management is a trustee of shareholders
• where will customer go
– customer is God
• vendors to be squeezed
– strong vendors make you strong
• one has to manage law
– business conducted legally in letter and in spirit
Editor's Notes
It has something to do with production (of goods and services). We need technology to produce something either goods (ex: clothes, television set, cars etc.) or service (ex: banking, security, teaching etc.) Technology improves our capacity to produce. Technology has something to do with knowledge. Technology is a result of intellectual activities. Therefore technology is type of intellectual property. Today technology is developed through research and development institutions as integral parts of the universities. Technology has something to do with instruments. The instruments are the extensions of the human body, whenever an instrument is used there is technology involved. The instruments indicate the usage of technology by human beings. Instruments are mostly physical such as computers, vacuum cleaners or pencils, but sometimes there are immaterial instruments too, such as databases or algorithms in computer programming. Technology has something to do with possession. Those people who possess technology also control it. Controlling technology has usually something to do with economics and politics. Therefore we can speak of technologically rich and poor countries and the struggle among them usually in the forms of patents, transfers and protection of intellectual rights. Technology has something to do with change. With technology, the world has changed drastically. Most of the innovations from the technological advances have very important effects on the lives of peoples of the world, which has witnessed radical changes especially after 1960’s revolutions on the microelectronics technologies. Even there are some people who argue that the history is made by technology as a result of their highly criticized techno-determinist view
