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Technological environment ppt

This document discusses the technological environment and its impact on business. It defines technology as the systematic application of knowledge to practical tasks. It notes that the technological environment changes rapidly and affects how resources are converted to output. Adopting new technologies can increase productivity, save time, improve quality and communication, and make marketing and management easier. However, technology transfer between businesses and nations can be costly, issues of appropriateness and dependence can arise, and technologies may become obsolete. Appropriate technology refers to small-scale, locally managed technologies that meet basic needs. The conclusion states that while technology presents risks and opportunities, businesses can leverage changes to improve and create new products and processes.

Education◦
CONTENTS • Technological environment • Features of technological environment • Impact of technology in business. • Import of technology • Problems in technology transfer • Appropriate technology • Conclusion • Reference
TECHNOLOGICAL ENVIRONMENT
TECHNOLOGICAL ENVIRONMENT J.K.Galbraith defines technology as a “systematic application of scientific or other organised knowledge to practical tasks”
FEATURES OF TECHNOLOGICAL 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 .
IMPACT OF TECHNOLOGY IN BUSINESS. • Increases the productivity. • Saves time. • Good quality products • Improved Communication Processes. • Increased Employee Productivity. • Marketing process makes easy through digital media. • Easy to control the different branches from one place with the help of technology.
IMPORT OF TECHNOLOGY • Import of technology is also know as ‘technology transfer’. • It can be in form of business agreement between to businesses or MNC’s. • It can be as trade agreement between two nations.
PROBLEMS IN TECHNOLOGY TRANSFER •Costly •Appropriateness •Dependence •Obsolescence
APPROPRIATE TECHNOLOGY • Appropriate technology is small-scale technology. It is simple enough that people can manage it directly and on a local level. Appropriate technology makes use of skills and technology that are available in a local community to supply basic human needs, such as gas and electricity, water, food, and waste disposal.
CONCLUSION • Businesses are affected by changes in the technological environment. Technological change offers risks, opportunities and threats to businesses. Some businesses can leverage changing technology to improve products and processes or even create new products and processes that will expand markets and profits. • There are some defects of technological environment ,everything done should have both positive and negative.
Technological environment ppt
Technological environment ppt