BSBAMM

Assignment

Discuss how technological environment?

The technological environment is an important aspect of the companies' external environment that is
tied to technological advancements and changes. Technology shifts have an impact on how a company
conducts business. It has an impact on a number of business factors. That might present an opportunity
or a risk. Companies must adapt to technological variables since they are beyond their control.
Companies must therefore be able to change with new technology advancements. Early adopters of
new technologies frequently increase their market share and profit margins. As a result, businesses need
to monitor trends and developments. Utilizing opportunities while reducing dangers is the aim. The
business can remain competitive in this way.