The Impact of Technology Diffusion on Business Development
Over the past decades, proceeding the 90s, technology has wildly impacted all aspects of industries and economies.
Introduction
Today, companies find it almost impossible to function without using the cooperation of technology. As most business activities and operations involve technology, technology is vital for its growth and survival in a modern market.
The innovation of these technologies has drastically transformed the fundamentals of business and trade. These creations are deriving both globalization and exaggeration of the value of providing a better service. It continuously challenges companies to simultaneously adapt their business models and corporate culture to stay operational and competitive (Kolaski, 2018).
Reframed Society and Lifestyle
The landscape of business depends on how consumers perceive their products and services. New technologies have resulted in significant alterations in society and lifestyle globally. As the invention of technological innovations reflects human needs and lifestyles, technological creations and communities have become inseparable, making technology an indispensable aspect of business development…
