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Technological Environment -Final

Technological Environment -Final

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Published by Pragati Bindal

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Categories:Topics, Art & Design
Published by: Pragati Bindal on Sep 04, 2010
Copyright:Attribution Non-commercial

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09/06/2010

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Technological Environment
 
Technology
Amongallthesegmentsofmacro-environment,technologicalenvironmentexertsconsiderableeffectonbusiness.Itisoneofthetopdeterminantsofsuccessofafirmaswellastheeconomicandsocialdevelopmentofanation.J.K.Galbraithdefinedtechnologyas:
³A sys
tematicapplicationo
s
cientificorotherorganizedknowledgetopracticalta
s
k
s´.
TechnologyisoneoftheeightfactorsconsideredbytheWorldEconomicForumtoevaluatetheglobalcompetitivenessofnations.
FeaturesofTechnology:
Technologycontinuouslykeepschanging.Thetimegapbetweenideaandimplementationisfallingrapidlyandthetimebetweenintroductionandpeakproductionisshorteningconsiderably.Effectsoftechnologyarewidespreadandarereachingbeyondtheimmediatepointoftechnologicalimpact.Technologyisself-reinforcing.³Technologyfeedsonitself.Technologymakesmoretechnologypossible´.Itactsasamultipliertoitsownfastedevelopment
.

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