Kids Style
Technological forces
A technological force is the influence that have technology in the buisness, this is an aspect where all companies have to take care, technology is growing very fast and influence many parts of the company, including costumers, competence, involves logistic of the company. This are the aspect that a comoany have to take in count.
Costs involved
Every company have to take in count the cost of applying technology to their business, invest in this aspect are very important because they have to be aware of the quick’s changes of environment and this can gain competitive advantage in the market. According to the article “Doing business in Colombia”, Colombia is a country which the technology sector is growing very fast, and it is investing in this sector and is growing very fast “your small business needs to integrate technology into your offerings; it is a survival necessity. But the advantage that so many small businesses have – the one most often overlooked – is the direct relationships you have with your customers” (Doing business in Colombia, 2013, KPMG) So in Colombia is very important to adapt to this new technologies in order to adapt to the environment, and to have a competitive advantage.
Information Security
An information security or contingency plan is an aspect that all business should worry about, this is a plan which companies implement a security software or a data base where all important data should be for it to be secure. According to “Learning e business initiative” “Businesses should take into account the rise in data breaching and various cyber-crime elements and must invest in effective ways of preventing or combating these factors.” One of the biggest problems of technology is that people can make a way to hacked the system, so here is where the business should invest.
Bussines Process
Technology has changed the way business opérate and the way they are managed. For example, according to Chron, technology has been resposible for the way accounting has become such and easy and effective task on its own.
With internet and computers, small companies have it very easily to compite with large established busineses, creating marketing strategies and sharing the with millons of viewers in no time. It has also improve management time, benefitial for managers to focus on other activities such as poterntial bussinesses of creating important relationships with suppliers. It also affects productivity by improving communication among employees and staff. Also:’’ Streamlined work flow systems, shared storage and collaborative work spaces can increase efficiency in a business and allow employees to process a greater level of work in a shorter period of time. Technology changes almost every aspect of management, and the level of application and efficiency of this represents competitive advantage over competitors.
Sustainable Competitive Advantages
According to Karehka Ramey, gaining competitive advantage through technology is posible by the way a company uses this technology to make a difference. This leads to innovation and creative ways to manage bussiness that competitors have not yet understand or fully apply. She recalls some critical factors which are: CEO’ attitude toward technology, bringing together bussiness and technical people (to archive goals mofre efficiently), use this technology to view bussiness problems from another perspective, such as costumers, and the use of this technology for creative designing, for handling and managing information or solve problems in different ways.
Technology Legislations
As long as new technologies, new information processes and new manufacturing systems arise, the legislation has to adapt to guarantee the individual and collective rights of bussiness and costumers. Accoding to Bussiness Insider, the three key technologies that imply law regulations are, Bitcoins, which are Bitcoin, the digital anonymous currency, taken off the radar to be sent anywhere without anyone's identity attached to it. Commercial drones, which can be used by anyone to physically violate privacy and confidenciality, and 3D printing, which can be used for example, to replicate several ilegal ítems such as guns.