The document discusses several topics related to business and technology, including strategic management, the strategic management process, organizational adoption of new systems, intranets and extranets, globalization, the internet, e-business, and technoethics. It provides definitions and examples of each topic, noting how technology has changed business practices and our interactions, while also raising ethical issues regarding privacy and security with increased technological integration.
The document discusses several topics related to business and technology, including strategic management, the strategic management process, organizational adoption of new systems, intranets and extranets, globalization, the internet, e-business, and technoethics. It provides definitions and examples of each topic, noting how technology has changed business practices and our interactions, while also raising ethical issues regarding privacy and security with increased technological integration.
The document discusses several topics related to business and technology, including strategic management, the strategic management process, organizational adoption of new systems, intranets and extranets, globalization, the internet, e-business, and technoethics. It provides definitions and examples of each topic, noting how technology has changed business practices and our interactions, while also raising ethical issues regarding privacy and security with increased technological integration.
1. Strategic Management is the ongoing planning, monitoring, analysis and
assessment of all necessities an organization needs to meet its goals and objectives. This process helps organizations take stock of their present situation, chalk out strategies, deploy them and analyze the effectiveness of the implemented management strategies. Business policy are the guidelines developed by an organization to govern its actions. it permits the lower level management to deal with the problems and issues without consulting top management every time for decisions. 2. Strategic Management Process is a continuous culture of appraisal that a business adopts to outdo the competitors. Simple as it may sound, this is a complex process that also covers formulating the organizations overall vision for present and future objectives. 3. Organizational Adoption means the transfer between an old system and a target system in an organization. The company environment must adopt the changes in system that are useful in effective and efficient decision in a workplace. For me, adoption is really important in organization because it will help you in progressing the business as well as in increasing production level of an employee. 4. The evolution of the internet has changed everything worldwide, it makes our life easy and convenient especially in business, education, government, healthcare, and even the ways in which we interact with our loved ones. It has become one of the key drivers of social evolution that gives us freedom in any platforms that we used. 5. Intranet is a private network that allows employees and colleagues to work together in a virtual space for the most part, no outside parties are involved. Extranet allows business to communicate with clients and vendors. 6. Globalization is the process of interaction and integration among people, companies, and government worldwide. Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade. According to IMF, there are four primary factors related to globalization which are trade, transactions, migration of people and capital and investment movements and dissemination of knowledge. 7. Internet is a global system that can be used for sharing information, providing worldwide services and communication. Daily updates are easily and instantly available in the internet. It really helpful especially in today’s generation but had a negative effect if you will not control yourself to it. 8. E-business (electronic business) is the conduct of business processes on the Internet. These e-business processes include buying and selling goods and services, servicing customers, processing payments, managing production control, collaborating with business partners, sharing information, running automated employee services, recruiting; and more. It really useful and convenient especially to seller in selling and promoting their products online. 9. Ethical and social issues arising from the use of technology in all areas of our lives—and in business, in particular—have lead to the creation of a new branch of ethics: technoethics. Technoethics (TE) is an interdisciplinary research area concerned with all moral and ethical aspects of technology in society. It draws on theories and methods from multiple knowledge domains (such as communications, social sciences information studies, technology studies, applied ethics, and philosophy) to provide insights on ethical dimensions of technological systems and practices for advancing a technological society. This technological advancement will lead us in some serious problem like your personal information can be easily steel or hack by other people.