How can I create a technological environment?

bigpanda133

The technological environment of a business consists of all the external technology that a company uses to conduct its business. This would include things like the internet, social media, computers, phone systems and software. A company's technological environment can have a big impact on its business, and it is important for businesses to stay up-to-date on the latest technology.

sadsnake

Technological environment example refers to the factors andgives rise to the development of new technologies. The technological forces in the technological environment affects business and the industries in which they operate. The technological environment consists of all the external forces that affect technology in the company or the industry. The acronym for technological environment is STEP. The STEP acronym stands for Social, Technical, Economic, and Political. Each factor will have different degrees of impact on different companies or industries. The technological environment is constantly changing and companies or industries must keep up with the changes to stay competitive.

Keith685

The technological environment is the aggregate of all technological factors and forces that affect a company's business operations.

For example, the technological environment might include:

The availability of raw materials
The state of the art in production processes
The availability of labour
The level of technology in the industry
The cost and availability of capital
The cost and availability of energy
The regulatory environment