The Impact of Technology

Introduction

One of the definitions of “technology” given in Webster’s Third New International Dictionary is “the totality of the means employed by a people to provide itself with the objects of material culture” (1872). Modern technology includes e-mail, cellular phones, conference calls, fax machines, computers, pagers, and video conferencing. Technology is apparent in every aspect of life. It has changed everyday living dramatically, both in positive and in negative ways.

Nowhere is this more evident than in the world of business. Everything from decision-making to human resources has been affected by new technology. This paper will discuss the impact of technology, both positive and negative, on business.


Technology’s Impact on Decision Making

Technology, especially the Internet, has made obtaining information a much quicker and easier process. In the past, obtaining information required days or even weeks of research in the library, often tying up t...