Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.

April 07 2015

The Impact of Technology on Business Environment and Society!

The tremendous technological growth we have been experiencing is created possible through extensive programmes of technological research being conducted by many people types of researchers working within universities, business, and non-profit research organizations. Technological developments are strong and all pervasive forces of the business environment. Technologies are the scientific knowledge to practical problems.Maria Johnsen

Technology consumes itself and it affects business in two major ways:

 Through its effect on society in general
 Through its direct affect on business operations and activities.

Technology affects society. In fact, we feel its effect on our everyday life. It affects economic growth, our standard of living and our culture. However, a few of the effects of technology are highly beneficial and some detrimental. One should be careful that these effects on members of the society subsequently affect business practices.

Technology affects our everyday life. We are surrounded by a lot of technology, that we become complacent and usually do not realize just how much it affects us until we have to do without electricity, water, transport or telephone. Technological developments have raised the standard of living. In spite of inflationary pressure and considerably a higher degree of unemployment, generally families eat better, wear a wider variety of clothing, and reside in more comfortable homes. Maria Johnsen's Academic research

Technology also influences basic facets of our culture, including religion, education, mobility, health care, art, language, laws and their enforcement. For example, technological advances in medical care allow physicians to treat their patients in a virtual environment through video conferencing, which again is useful in legal environment too for your judges to proceed with investigations on hard core criminals, who need not be produced before the court for security reasons.

Every new technology is a force involved in creative destruction. Say, television hurts movies, synthetic fibres, rival for cotton fibre. The invention of new technology even sometimes affects economic growth-TV having its high entertainment value takes away productive hours of mankind. Each new technology creates major long-term consequences, that are not always foreseeable. How can you justify nations spending more cash to develop missiles, nuclear weapons and bombs for the sake of security?

Developing nations need to buy technology from foreign countries, as they are not resourceful with regards to capital needed for Development and research, expertise, patents, licenses, equipments etc. This transfer of technology involves huge costs because of which a vicious circle is made, in which weak technology creates dependence and dependence creates weakness.

The current trend can be enumerated through this slogan, "Conserve, reduce and recycle". The stress today is on clean production measures, advanced robotics, zero-emition vehicles, material recycling and alternative fuels and materials. This change towards love for environment by the technologists is a sure sign of positive development.

Don't be the product, buy the product!