Technological Impact on Business Environment and Society The tremendous technological growth that is being witnessed is made possible through extensive programmes of technological research being conducted by many types of researchers working within universities, business, and non-profit research organizations. Technological developments are strong and all pervasive forces of the business environment. Technology is the scientific knowledge to practical problems. Technology feeds on itself and it affects business in two major ways: Through its impact on society in generalThrough its direct influence on business operations and activities. Technology and Economic Growth: Technology affects society. In fact, we feel its effect in our everyday lives. It affects economic growth, our standard of living and our culture. However, some of the effects of technology are highly beneficial and some detrimental. These effects on members of the society may in turn affect business practices. We are surrounded by so much of technology, that we take it for granted and usually do not realize how much it affects us until we have to do without electricity, water, transport or telephone. Technological developments have raised the standard of living. In spite of inflationary pressure and considerably a high degree of unemployment, generally families eat better, wear a wider variety of clothing, and live in more comfortable homes. Technology and Lifestyle: Technology also influences basic aspects of our culture, including religion, education, mobility, health care, art, language, laws and their enforcement. For example, technological advances in health care allow physicians to treat their patients in a virtual environment through video conferencing, which again is helpful in legal environment too for the judges to proceed with investigations on hard core criminals, who need not be produced before the court for security reasons. Creative Destruction: Every new technology is a force involved in creative destruction. Say, television hurts movies, synthetic fibers are considered rival for cotton fiber. The discovery of new technology even sometimes affects economic growth-TV with its high entertainment value takes away productive hours of mankind. Each new technology creates major long term consequences, which are not always foreseeable. How do you justify nations spending more money to develop missiles, nuclear weapons and bombs for the sake of security? Developing nations have to buy technology from foreign countries, as they are not resourceful in terms of capital needed for Research and Development, expertise, patents, licenses, and equipments and so on. This transfer of technology involves huge costs as a result of which a vicious circle is formed, in which weak technology creates dependence and dependence creates weakness. Conserve, Reduce, Recycle: The recent trend can be enumerated through this slogan, “Conserve, reduce and recycle”. The stress today is on clean production measures, advanced robotics, zero-emition vehicles, material recycling and alternative fuels and materials. This change towards love for environment by the technologists is a sure sign of positive...

Scope of  Management Management determines the very survival of the organization Management concepts are applied in both business and non-business organizations In countries like USA the demand for management consultants is widespread and they have more clients from 1)      Government 2)      Hospitals 3)      Universities 4)      Schools 5)      Professional associations 6)      Community agencies etc.   In India it is sad to see that only graduates coming out of reputed business schools being placed in the cream of positions by the corporates and others who pass out from the so called second grade institutes struggling to ground themselves. Many institutes offer management courses in the undergraduate and graduate levels for name sake, fail to implant the core purpose and perspective of the concepts of management in the minds of individuals. Also lack of expert faculty who have wide exposure and industry experience make the course dull and lifeless.   Coming back, Management is said to be “Universal” and applied to all the organizations of the society, whether it is large or small, profit making or non-profit making, and a manufacturing or service enterprise Managing is the key social function and management is the effective, integrative,constitutive, determining, and differential organ of the society Management is the organ of leadership, direction and decision in a business enterprise and responsible for producing the results Management has evolved as the most lucrative academic discipline by itself offering huge scope for the graduates to perform and excel  as teachers. Management faculty are in great demand all over the world and are as well compensated for their services. New disciplines of management like Public Health, Health care, Information Technology, Labor management are gaining importance Effective management is aimed at improved productivity ( efficient people produce effective results-so ‘RIGHT PEOPLE FOR THE RIGHT JOB’ becomes essential)     Pic Courtesy: Coschedule The society has various facets like government, suppliers, local community, competitors, unions, stock-holders, customers etc. The manager is the spokesperson in-charge of negotiating and spending much of his time to predict and influence the future environment and take pro-active measures. This is the managerial function relating to the environment....