Management and Technology
Technology in Business, a Literature Review
Roger Charnock
BUSI 610
Liberty University
Abstract
Technology has transformed the business world of the twenty first century. Business practices are affected in every level whether marketing, merchandising or human capital; new innovative technological ideas have improved companies infrastructure and management processes. The purpose of this literature review is to explore the influx of technology into the business sector and to determine how businesses have adopted technology into the business process. This paper reviewed four areas where technology has revolutionized business. A review of scholarly articles focused on four key areas: business evolution, small business, technology shifts, and the value of information technology. The review researched current articles of the four areas, importance was given to technology and how different business lines were affected by new and emerging technological ideas. In order to realize a definitive conclusion concerning the literature on technology and business evolution, the four areas of focus were studied and cross referenced. There are many different current articles of technology and how business was affected; this paper concluded that enough emphasis was given to the four areas of study. Additionally a suggestion for articles concerning cloud computing and online data storage was given.
Keywords: Technology, business, internet, social media, retail marketing.
Outline
I. Introduction
A. Abstract.
B. Thesis Statement.
II. Evolution of Technology in Business
A. History of Technology.
B. Reinvention of Business.
C. Acceleration of Business. D. Technology Help or Hindrance.
III. Value of Technology in Business
A. Role of Technology in Business.
B. Value of Technology in Business.
C. Social Media and Business.
D. Impact of Technology on Business.
IV. Small Business and Technology A. Technology and Small Business.
Roger Charnock
BUSI 610
Liberty University
Abstract
Technology has transformed the business world of the twenty first century. Business practices are affected in every level whether marketing, merchandising or human capital; new innovative technological ideas have improved companies infrastructure and management processes. The purpose of this literature review is to explore the influx of technology into the business sector and to determine how businesses have adopted technology into the business process. This paper reviewed four areas where technology has revolutionized business. A review of scholarly articles focused on four key areas: business evolution, small business, technology shifts, and the value of information technology. The review researched current articles of the four areas, importance was given to technology and how different business lines were affected by new and emerging technological ideas. In order to realize a definitive conclusion concerning the literature on technology and business evolution, the four areas of focus were studied and cross referenced. There are many different current articles of technology and how business was affected; this paper concluded that enough emphasis was given to the four areas of study. Additionally a suggestion for articles concerning cloud computing and online data storage was given.
Keywords: Technology, business, internet, social media, retail marketing.
Outline
I. Introduction
A. Abstract.
B. Thesis Statement.
II. Evolution of Technology in Business
A. History of Technology.
B. Reinvention of Business.
C. Acceleration of Business. D. Technology Help or Hindrance.
III. Value of Technology in Business
A. Role of Technology in Business.
B. Value of Technology in Business.
C. Social Media and Business.
D. Impact of Technology on Business.
IV. Small Business and Technology A. Technology and Small Business.
References: Andriole, S. (2014, February 1). Viewpoint Ready Technology. Communications of the ACM, 40-42. Bressler, Bressler, & Bressler. (2011). A study of small business technology adoption and utilization. Academy of Entrepreneurship Journal, 17(2), 49. Cavalcante, S. (2013). Understanding the impact of technology on firms’ business models. European Journal of Innovation Management, 16(3), 285-300. doi: http://dx.doi.org/10.1108/EJIM-10-2011-0085 Correia Pereira, P Daft, R. (2013). Organization theory & design (11th ed.). Mason, OH: South-Western Cengage Learning. Graham-Hyde Matt , (2014),"Technology is reinventing your business", Strategic Direction, Vol. 30 Iss 4 pp. 1 – 2 http://dx.doi.org/10.1108/SD-04-2014-0055 Harwood, S Jing, Z., & Yi, J. (2014). Co-creating business value of information technology. Industrial Management & Data Systems, 114(1), 53-69. doi: http://dx.doi.org.ezproxy.liberty.edu:2048/10.1108/IMDS-04-2013-0171 Jooste, G Shakil M. Rahman, Ahmad Tootoonchi, Michael L. Monahan, (2011) "Digital technology: a vehicle for making rural businesses competitive", Competitiveness Review: An International Business Journal, Vol. 21 Iss: 5, pp.441 – 451