technological change

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Discuss how technological change might affect businesses in your country. (20 mks)

With decades of technological innovations we can now see that the use of technology is much more pervasive (omnipresent) across all parts of a business and the dependency on technology to perform has increased. It has help thousands of business as well as customers. Peoples want very fast technological product which make their life simple and easy in such a fast happening world.  

The advent of e-business has shown that technology should now be a constant consideration at the boardroom table. This is highlighted through the fact that 60 percent of technology investment (source GMV) is now influenced, controlled and determined not by the central IT function but by business executives, and it is true to say the fortunes of modern companies now rise and fall on their wise, or flawed, technology choices. With technology’s penetration into every business function executives have seen first-hand how it gives them access to well-organised, quality information they can use to make better decisions, and how it now fundamentally supports the day-to-day running of their business. Not surprisingly, they now appreciate that the right choice of technology, coupled with its timely deployment, not only holds the power to solve business problems but improve a company’s competitive position.

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It provides speed of connections. Technology helps organize the work environment. Everything from payroll to inventory is managed more efficiently with well-designed software in place. Documents, such as letters or proposals for contract work, are easier to write and edit on the computer. Phone systems include technology for three-way or four-way calling, for example, to save time. Conference calls also save plane fare and hotel costs if group calls are productive.

It enables global interfacing. Work projects and business profits all connect to globalization enabled by technology. Everyone can connect with those in foreign countries with the click ...

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