Professional Documents
Culture Documents
The Impact of Recent Technological Advances On Internal Forces and Strategic Decisions in Organization
The Impact of Recent Technological Advances On Internal Forces and Strategic Decisions in Organization
Key Points
Distinctive
Weakness competencies
These include plant and machinery, land Human resources encompass the people This category covers a wide range of resources
and buildings, vehicles, and stock. within the organization. that contribute to the organization’s functioning.
It
Assess their potential benefits by Evaluate aspects related
includes technology, governance, leadership, ris
examining factors such as age, condition, to recruitment, onboarding, management, tr
k assessment, and more.
location, and capabilities aining and development, and employee Each of these areas plays a crucial role in
relations. achieving organizational goals and maintaining
Ensure compliance with employment laws effective controls
and assess overall workforce effectiveness
Advanced technologies
The rise of Industry 4.0, Internet of Things, smart factories, and machine learning
(RFID) have revolutionized work methods and styles.
Qualitative shifts in work processes and structures are evident due to the impact of
advanced technologies like IoT and machine learning.
2. Advanced technologies
AI applications in fashion, online IoT technologies like RFID enhance It aims to enhance the effectiveness and
retail, and autonomous vehicles are resource management and inventory relevance of internal audits by
expected to shape future business tracking, improving working incorporating digital technologies and
models and customer interactions. conditions and automating tasks. data analytics.
Case study
Majid Al Futtaim, the Dubai-based conglomerate that operates Carrefour, has accelerated its
Levi's launched an AI-driven campaign in Europe, which
digital transformation during the pandemic. The company converted physical stores into
resulted in five times more sales than in 2019 and increase fulfillment centers, expanded delivery services, redesigned its app, introduced contactless
payment options, and launched an online marketplace featuring 420,000 new products.
stock share from 32 % in 2019 to reach 57% at 2023
Despite challenges, a digital-first strategy offers opportunities.
Case study
• "Survival is not the strongest nor the smartest, it is the most responsive to
1
change.” Charles Darwin