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Technology's Impact On Business

The document discusses how technology has impacted business throughout history. It provides examples of how simple inventions like the plow increased agricultural production and led to new business opportunities. More modern technologies like computers have revolutionized business by allowing electronic storage of files and the creation of new digital industries. The internet and e-commerce have further transformed business through online shopping, virtual businesses, and new types of employment related to software and web design.

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tahsin khan
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41 views20 pages

Technology's Impact On Business

The document discusses how technology has impacted business throughout history. It provides examples of how simple inventions like the plow increased agricultural production and led to new business opportunities. More modern technologies like computers have revolutionized business by allowing electronic storage of files and the creation of new digital industries. The internet and e-commerce have further transformed business through online shopping, virtual businesses, and new types of employment related to software and web design.

Uploaded by

tahsin khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Technology’s Impact

on Business
Chapter 9
Why It’s Important
Knowing how technology has
influenced business sheds light
on new and future industries.

Introduction to Business 2

Introduction to Business, Technology’s Impact on Business Slide 2 of 43


Chapter 9
Technology’s Influence
on Business
Technology refers to the tools and machines people
have invented to make life easier.

Perhaps the most common technology staple used in


businesses today is the computer.

Introduction to Business 3

Introduction to Business, Technology’s Impact on Business Slide 3 of 43


Chapter 9
Technology in the Past
Even the simplest invention, like the plow, had a huge impact on
business.

Before the plow was invented, people had to dig in the earth with their
hands.

Because of the plow, more corn could be planted which meant more
corn could be produced.

Increased corn production meant hiring more people to harvest the


corn, selling more corn in the market, and building a corn-selling
business.
Introduction to Business 4

Introduction to Business, Technology’s Impact on Business Slide 4 of 43


Chapter 9
Technology in the Past

Since the invention of the plow, countless new


inventions have changed the way we live,
work, and do business.

Introduction to Business 5

Introduction to Business, Technology’s Impact on Business Slide 5 of 43


Chapter 9
Modern Technology
In the past 50 years, electronics revolutionized
business and society.
There is a never-ending demand to make electronic
goods smaller, faster, cheaper, and more powerful.
Computers can store thousands of files electronically,
saving time and office space.
The computer created a boom in nearly all business
industries.
Introduction to Business 6

Introduction to Business, Technology’s Impact on Business Slide 6 of 43


Chapter 9
Figure
9.1 TWENTIETH CENTURY’S TOP TECHNOLOGISTS

Technological inventions greatly affect your daily life. These


percentages represent people’s opinions about who technologically
influenced the twentieth century and beyond.
Which three inventors do you think you’re influenced by every day?

Source:
Opinions
Research for
CNET and
Techies.com;
John Logie Baird (mechanical TV) 23% voters could
choose up to
three
Introduction to Business 7

Introduction to Business, Technology’s Impact on Business Slide 7 of 43


Chapter 9
E-Workforce
E-workforce is when people work with
computers while doing business.
According to the Bureau of Labor Statistics
more than 70 million people use computers
daily.

Introduction to Business 8

Introduction to Business, Technology’s Impact on Business Slide 8 of 43


Chapter 9
Employment

Technology makes people work easier and


faster.

Technology’s speed saves time and creates


new jobs.

Introduction to Business 9

Introduction to Business, Technology’s Impact on Business Slide 9 of 43


Chapter 9
Digital Workflow
Placing hard copies of documents on a digital
platform, like CD-ROMs or a database, has had a
great influence on the efficient use of time.

By switching information to a digital format, there is


less paper involved.

A digital workflow links all the steps in a process,


like publishing, electronically.
Introduction to Business 10

Introduction to Business, Technology’s Impact on Business Slide 10 of 43


Chapter 9
Technology Centers

The high-tech industry can be found in


practically any city, but it is heavily populated
in various technology centers, like California’s
Silicon Valley.

Introduction to Business 11

Introduction to Business, Technology’s Impact on Business Slide 11 of 43


Chapter 9
New Jobs
The Internet has created a demand for new
jobs such as software writers, online writers,
and Web page designers.

Introduction to Business 12

Introduction to Business, Technology’s Impact on Business Slide 12 of 43


Chapter 9
Virtual Business
The ease of doing business online has created a
boom in new businesses, or start-ups.
This type of business is called a virtual business.
Vocational schools, universities, colleges, and
community centers offer technical training or degrees
for people interested in expanding their technology
skills.
Technology skills will make you very attractive to an
employer. Introduction to Business 13

Introduction to Business, Technology’s Impact on Business Slide 13 of 43


Chapter 9
E-Commerce

Electronic commerce, or e-commerce, has


made it possible for businesses to directly
reach customers anywhere in the world.

The main activity of e-commerce is buying and


selling goods and services.
Introduction to Business 14

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Chapter 9
E-Tail
E-tail is electronic retail.

An e-tail business sells products over the


Internet.

Any company can go online to sell any


product.
Introduction to Business 15

Introduction to Business, Technology’s Impact on Business Slide 15 of 43


Chapter 9
E-Tail
A multi-channel retailer uses several means
to sell products.
Businesses often call their stores and
warehouses bricks-and-mortar, referring to
building materials.
Businesses that also use the Internet are
called clicks-and-mortar operations.
Introduction to Business 16

Introduction to Business, Technology’s Impact on Business Slide 16 of 43


Graphic Organizer
Chapter
Graphic Organizer
Bricks-and-Clicks
9
BRICKS-AND-MORTAR CLICKS-AND-MORTAR

RETAIL

E-TAIL

C O N S U M E R S
Introduction to Business 17

Introduction to Business, Technology’s Impact on Business Slide 17 of 43


Chapter 9
E-Tail
Putting catalogs on the Internet rather than
shipping them by mail saves a lot of money in
printing and mailing costs.
E-tail is an advantage to the consumer in two
major ways:
• Convenience
• Choice Introduction to Business 18

Introduction to Business, Technology’s Impact on Business Slide 18 of 43


Chapter 9
E-Tail
E-tail is a disadvantage to the consumer in
four major ways:
• Buying power (overspending)
• Other charges (shipping)
• Immediacy (waiting for product)
• Relying on observation (not being able to see
products directly)
Introduction to Business 19

Introduction to Business, Technology’s Impact on Business Slide 19 of 43


Chapter 9
E-Ticket

Using their computers, people can now


purchase e-tickets, or electronic tickets.

Some people find purchasing an e-ticket is


easier and cheaper than visiting an actual
ticket agency.

Introduction to Business 20

Introduction to Business, Technology’s Impact on Business Slide 20 of 43

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