Example of such technology includes medical technology, construction technology and computer technology.
Human being relies on technology not only as tools and a means to an end. It forms the very basis of our humanity. Imagine a world with no writing, no music and no spoken word. These three elements are the vary backbone of human communication, how we differentiate each other, how we develop culturally and how we can tell just by listening to a person, could tell whether he's French or English. The art of writing is a technology developed to record events, speech to communicate, and music for expression of the soul.
With the new age technology, arrival of video cameras, computers and the rapid development of various computer softwares produces a leaner organisational structure. Less people are needed as the more mundane and repetitive works are replaced with technology. Security guards' job are taken over by video cameras, computers keeping the numbers of accountants to the minimum and robotics replacing the slicing, cutting and assembling part of factory jobs en masse. Thus, technology is viewed with suspicion by some, particularly senior labour workers, who are afraid of being made obsolete by science.
Despite all the misgivings that existed, technology continues to sweep into the business world, with the most notable of all conquerors being mobile phones. It is almost impossible to imagine a businessman or woman to function without one or two of these handy little gadgets. Information is the key medium of business making process these days. It isn't unusual to find mobile phones with added features of being a palm top, a planner with GPRS and internet system on top of the conventional phone uses.
After the initial staff trimming, the next thing an organisation could expect is growth. With sheer availability of ICT (Information and Technology) devices, growth of a company is made easier. It would a simple matter to schedule meetings by calling up everyone involved for the nearest available time, then informing the time, date and venue. Unexpected changes or results could be relayed quickly through short text messaging and lengthy reports via e-mail attaches. A quick call to the head office, the supplier and you will have the best possible presentation for your client. All these information boils down to one very important factor for the corporation.
With the emergence of these technologies, small companies are equipped with the necessary weapons to challenge the global market. Smaller company's has the advantage of being more flexible, able to tailor their goods and services to the client's needs. With such lucrative market at hand, company's strategies, especially those on the manufacturing and dealer's side, could focus on getting their product into the market directly through the internet, bypassing the middle man, thereby generating more income. Strategy could centre round such factor as webpage building and maintenance, hiring computer savvy personnel, and creating a