The Impact of Technology on Business Environment and Society!
The tremendous technological growth we have been experiencing is made possible through extensive programmes of technological research being conducted by a lot of types of researchers working within universities, business, and non-profit research organizations. Technological developments are strong and many types of pervasive forces from the business environment. Technologies are the scientific knowledge to practical problems.
Technology eats itself and it affects business by 50 percent major ways:
Through its influence on society in general
Through its direct influence on business operations and activities.
Technology affects society. Actually, we feel its impact on our everyday life. It affects economic growth, our standard of living and our culture. However, some of the effects of technology are highly beneficial and some detrimental. One should be mindful that these effects on people in the society subsequently affect business practices.
Technology affects us. We are surrounded by a great deal of technology, that we take it for granted and usually do not realize simply how much it affects us until we must do without electricity, water, transport or telephone. Technological developments have risen the standard of living. Despite inflationary pressure and considerably a higher degree of unemployment, generally families eat better, wear a wider variety of clothing, and are in more comfortable homes.
Maria Johnsen's Academic research
Technology also influences basic aspects of our culture, including religion, education, mobility, healthcare, art, language, laws in addition to their enforcement. For example, technological advances in health care allow physicians to deal with their patients in a virtual environment through video conferencing, which again is helpful in legal environment too for that judges to proceed with investigations on dedicated criminals, who need 't be produced before the court for security reasons.
Every new technologies are a force involved with creative destruction. Say, television hurts movies, synthetic fibres, rival for cotton fibre. The invention of new technology even sometimes affects economic growth-TV using its high entertainment value removes productive hours of mankind. Each new technology creates major long term consequences, that are not always foreseeable. How do you justify nations spending more income to develop missiles, nuclear weapons and bombs for the sake of security?
Developing nations need to buy technology from foreign countries, because they are not resourceful in terms of capital needed for Research and Development, expertise, patents, licenses, equipments etc. This transfer of technology involves huge costs as a result of which a vicious circle is formed, in which weak technology creates dependence and dependence creates weakness.
The recent trend can be enumerated through this slogan, "Conserve, reduce and recycle". The worries today is on clean production measures, advanced robotics, zero-emition vehicles, material recycling and alternative fuels and materials. This modification towards love for environment by the technologists is a sure symbol of positive development.