This slide discusses technological aspects of environment and business

1. Technological
change and its
impact on business
Name: Mahamid Rahman
ID: 15264031

2. Technology
 Technology is defined as
the sum of knowledge of
the means and methods of
producing goods and
services.

3. Technological change
 Introduction of new products
 Change in methods and organization of
production
 Changes in the quality of resources and
products
 New ways of distributing the products
and new ways of storing and
disseminating information

4. Information Technology AND It’s
Effect
 Advances in information technology
have many impacts upon business.
1. Administration.
2. Communication.
3. Production.
4. Storage and distribution.
5. The Internet.

5. Technology and Investment
 There is an important relationship between
investment and technological change
which runs in both directions
 Investment can form the basis of
improvements in technology while
improved technology which brings about
new ways of producing goods will lead to
greater investment

6. Innovation and Technology
 There are two types of innovation that
can occur as a result of technological
change:
 Product Innovation and
 Process Innovation.

7. Research and Development
 Research can be theoretical or applied, and
development refers to the using of the research in
production process.
 It is designed to develop new products and
production process which will render production
more profitable. It is also aimed at improving
existing products and process.

8. Limits to technological change
 Technological change has effects on:
 The economy and
 The environment
 High levels of unemployment
 The exhaustion of natural resources.

9. Conclusion
 Literally and practically technological change
has a very big impact upon the world of
business.
 Investment
 Economy and Rate of economic growth