Explain the term technological environment with an example how does it affect the business
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technological environment means change in technology of any kind. usually it,s innovation or increment in the capacity of existing technology or eqipements.it,s also related to the way of providing srevices.
it depends
1. IF the management is aware of the technolgy spree that is about to come, it could make necessary changes in their technology too......
also they could innovate new technolgy to get the first mover advantage.
2
On he other hand if they are unaware of the change, they would have to face intense competition they would not be able to survive long enough with the outdated technology.
it depends
1. IF the management is aware of the technolgy spree that is about to come, it could make necessary changes in their technology too......
also they could innovate new technolgy to get the first mover advantage.
2
On he other hand if they are unaware of the change, they would have to face intense competition they would not be able to survive long enough with the outdated technology.
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