example of business technology

Strengths of the Literature, There were several areas where the literature that was reviewed had strengths. Because of instances like Blockbuster new emerging technologies are usually adopted fairly quickly especially in the case of a market leader or major competitor. The early 80’s ushered in the invention of the personal computers (pc). Because all of the technological changes, organizations were transformed and they began to reinvent their business processes. Evolution of Technology in Business, It was not that long ago that the railroad and the teletype machine were the only instruments of communication. A good example of this is what happened to Blockbuster and the evolution of the video rental business. New technologies are emerging almost daily, and the world is in a renaissance of new innovative thinking. Because of the advancement in technology it is very difficult for managers to stay abreast of every new and innovative product that is produced. Travel or technology? The final area of literature that was reviewed was shifts in technology. Businesses use certain software that is suitable to their needs. Small Business . Despite the most efficient business plan, managers need to have contingency plans so they can adjust to new technological advances and maintain their market share. Another point of discussion was how small business had the ability to gain assistance from government entities which afforded them the same opportunities that larger organizations have. Technology and Small Business. Additionally a suggestion for articles concerning cloud computing and online data storage was given. Another shortfall of the articles that were reviewed was the fact that they were written in a qualitative format. Technology. Sometimes the technology reveals insights into a flawed manufacturing process, or accounting error; therefore businesses have to adapt using the same technology that divulges the problem. Some of these areas are backwoods areas however some communities still believe in the old way of life for example the Amish. Microsoft PowerPoint and Apple Keynote are also used to easily and quickly prepare professional-looking sales presentations. However since organizations invest so much capital in online social media, corporations have dedicated resources to facilitate the online community and handle all social media events. The researchers determined that businesses in Appalachia were effectively using technology to compete locally, regionally, nationally, and internationally (Rahman, Tootoonchi, & Monahan, 2011). Therefore while technology can be helpful it also can negatively impact a business because of technological shifts. It might be said that we rely on technology too much. Similar to how a consumer would shop for a new car, managers have to fully understand all the ramifications while shopping for technology. Reinvention of Business. Thinking . Sorry, but copying text is forbidden on this website. This example is paramount as it states the underlying discussion in how technology can create a competitive advantage if used properly. The purpose of this literature review is to explore the influx of technology into the business sector and to determine how businesses have adopted technology into the business process. Weakness of the Literature, The articles that were reviewed had some weaknesses and decreased the effectiveness of the overall research. Data processors and programmers were able to almost name their salary and benefit packages. The unknown factor is the driving force behind the uncertainty which managers face while contemplating which direction to go. The research focused on a recent positioning technology which would enhance GPS signals and accuracy. Software. World . Towards the end of World War II International Business Machines helped the war effort by manufacturing a device that could translate encrypted messages. Sound business practices have always encouraged competition and sometimes businesses have to undermine their competitors by lowering prices below cost. Talent . A study by Mr. Graham-Hyde investigated how technology reinvented business; especially in the area of cloud computing. Business practices are affected in every level whether marketing, merchandising or human capital; new innovative technological ideas have improved companies infrastructure and management processes. Personal computers were then able to be manufactured and sold to consumers. These tools allow for interactive training while minimizing the costs since travel is not required. The focus of the research was primarily centered on the region of South Africa and how businesses located there would be impacted in the coming years. The SBDC is a branch of the SBA and the locations are centrally placed in communities across the nation.

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