1 / 12

Navigating the Technological and Socio-Cultural Environments in Modern Business

This lecture explores the interplay between technological advancements and socio-cultural dynamics in shaping business practices. It discusses how firms leverage human knowledge, innovative work methods, and equipment to create value and improve internal performance. The role of technology in product development across industries, particularly in contrasting sectors like automotive and fast food, is examined. Additionally, we delve into how ethical compliance, customer preferences, and regulatory frameworks influence competitive strategies and the evolution of business environments in a globalized context.

mabyn
Télécharger la présentation

Navigating the Technological and Socio-Cultural Environments in Modern Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. LECTURE 4

  2. Technological Environment • Ways in which firms create value • Human knowledge • Work methods • Equipment • Electronics and telecommunications

  3. Technological Environment • Product/Service Technologies • Technology used for creation of goods and services • Automobile industry VS McDonalds • Basis of competition • Being technology leaders • Reducing cycle time

  4. Technological Environment • Business Process Technologies • Improves internal performance (information flow, report creation, better relationships with stakeholders)

  5. Technological Environment • Enterprise Resource Planning • Manages processes across products, departments and geographic locations (material, order and production management) • Identify main processes • Material flow –sales process – financial system

  6. Political-Legal Environment • Regulation- Defines Relationship Between Government & Business • Government = Pro vs. Anti-Business Sentiment

  7. Socio-cultural Environment Customs, values and demographic characteristics

  8. Socio-cultural Environment • Customer Preferences/Tastes- Vary • International • National • With time • Feeling about a job

  9. Socio-cultural Environment • Ethical Compliance & Responsible Behavior

  10. Business Environment • In terms of • Product delivery • Production facilities going international • New trends in employee working

  11. Business Environment • Redrawing Corporate Boundaries- Core Competencies • Challenges/Opportunities • Outsourcing (paying distributors to provide services) • Vertical Integration • Viral Marketing • Business Process Management • Post-9/11

More Related