DEFINITION OF TECHNOLOGY CHANGE (TC)
Technological Change (TC) or Technological Development, is the overall process of invention, innovation and diffusion of technology or processes. In essence, technological change covers the invention of technologies (including processes) and their commercialization or release as open source via research and development (producing emerging technologies), the continual improvement of technologies (in which they often become less expensive), and the diffusion of technologies throughout industry or society (which sometimes involves disruption and convergence). In short, technological change is based on both better and more technology.
WHAT ARE THE IMPACT OF TECHNOLOGY CHANGE (TC)
Technological change will have an impact on all organizations. There will be a need for new types of managerial, diplomatic, and social skills and a concomitant need for a new type of decision making process that will not be accommodated by existing organizational structures. Three (3) particular aspects of the organizational environment will be affected by technological change :
a). The amount of market competition and uncertainty will increase;
b). There will be requirements for more diversity and higher quality in the organization's products or services;
c). External politics and legislative reform will increase in complexity.
Each of these changes will provoke responses from the organization in its structure and relationships with employees and customers.
Technological change will force changes in basic managerial functions. There will be increased responsibility on management for organization outcomes leading to added emphasis on planning, decision making, control, and coordination. These will often rely on computer - based management science techniques which demand a higher intellectual capability of managers. This will produce strain on managers and other individuals, potentially affecting morale, productivity, and output.
Technological change can positively affect individual values leading to increased time for consideration of both the heart and the brain in decision making. This may lead to greater moral sensitivity and more tolerance and compassion for others, all coupled with a more rational approach to decision making. A possible effect of technological change may be increased loyalty to one's profession rather than to one's organization. The effect of technological change on the manager's quest for self-actualization is still debatable.
The net result of technological change for all organizations is a greater requirement for strategic planning. All of us must continually ask the question "What do we have to do now to attain our objective tomorrow ?" Through this process we can anticipate changes, including those brought about by technology, evaluate the various alternatives available to us to cope with those changes, and be prepared for the future as it arrives.
WHAT IS THE MEANING OF TECHNOLOGY CHANGE (TC) PROGRESS ?
Technological Change (TC) progress refers to the discovery of new and improved methods of producing goods. Changes in technology lead to an increase in productivity or labor, and also capital. In business and economics, the two (2) most common types of capital are financial and also human., and other factors also production.
WHAT ARE ADVANTAGES OF TECHNOLOGY CHANGE (TC)
a). Ease of Access To Information. The World Wide Wed, abbreviated as WWW has made the world a social village.
b). Better Learning Techniques.
c). Improved Banking.
d). Cost Efficiency.
e). Innovation In Many Fields.
f). Ease of Mobility.
g). Better Communication Means.
BESIDES THAT WHAT ARE DISADVANTAGES OF TECHNOLOGY CHANGE (TC) ?
There are 10 disadvantages of Technological Change (TC) :
a). Data Security.
b). Job Insecurity.
c). Work Overload.
d). Digital Media Manipulation.
f). Crime and Terrorism.
g). Privacy Concerns.
i). Organization and Storage.
j). Plagiarism and Copyright.
@ Jackie San