Question

Mr. Prashanth Gupta is the answer and manager of a grocery store. He attended a

management seminar. The topic was on globilisation and the impact of technology on

business. He was surprised to see how mailers, television advertisements and internet

facility provide opportunities to expand business. He felt that there is a need to upgrade

technology to expand business outside the city but there is no role of internet in the

retail business. 5

(a) What should Mr. Prashanth do to avoid any negative impact of the changes in business

environment ?

(b) What values does Mr. Prashanth exhibit by adapting to technological environment ?​

Answer 1

(a) What should Mr. Prashanth do to avoid any negative impact of the changes in business environment ?

• Technology and the Internet should be used to avoid any negative effects of changes in Mr. Prashant's business environment.

(b) What values does Mr. Prashanth exhibit by adapting to technological environment?

• Adapting to the technological environment, he demonstrates how the benefits of mailers, television advertising, and the Internet provide opportunities for business expansion. But there is no role of internet in the retail business.

Answer 2

Answers are given below.

Explanation:

• He needs to maintain the quality of items and the purchase and selling rate at a moderate level.
• Plus he should joint the retailers who have expanded their business through technology.
• By adapting to the technological environment, he felt there is a need to upgrade the technology system.
• The ongoing technological processes and networks have negative impacts too on the business therefore by upgrading more business retailers will take interest and believe in technology.