Question

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Microenvironmental

1. Is it a certainty that a company will lose out on new opportunities if it does not keep up with new technology? Explain your position.

2. Can you think of an industry segment where technology may not play an important role?

3. What about government's role with technology for the firm and its effect on growth/innovation?  

4. Do you think the Internet should be regulated? Why or why not?

Answer 1

1. They have to match, of course, depending on the company and technology. But in the case of information technology, it is a sure thing that business is not dealing with any information that people tend to take advantage of new technology. New technology is intended to communicate with new technology. Yes, a business will lose out if they do not develop over time.

Technology can not be avoided. It pervades all facets of our lives. Technology has developed a revolution from how we operate, play and live our life that will develop as long as people continue to progress in their abilities.

As the days, months, and years go by, technology is improving and improving. What was yesterday's last and biggest, is today's ancient hat. The bottom line is, technology doesn't wait for you and one of your competitors will surely leave you in the dust if your organization doesn't keep up with it.

2. There is no industry that can do without technology. Technology is a vital element of our life nowadays.

Overall, this is due to the sector relying strongly on technology. Increasing numbers of companies from distinct areas integrate fresh equipment into their activities every day to accomplish more effective procedures, thereby growing their output and providing better services.

Having a strong internet presence is essential in the present digital age. Every day, more and more individuals are using the internet for all kinds of activities, so relying on a good website is essential for a company. This enables companies to achieve more prospective clients, make themselves known to a broader audience, and more efficiently deliver services.

Modern software enables businesses to quickly assess the hazards posed by a particular job or factory. This gives the business a good idea of how to prevent accidents from occurring, saving the industry a lot of money in medical, time, and labor expenses.

3. The standard view that governments have little ability to spark innovation in mainstream economics today. The government should play as restricted a role as possible in the economy, the thinking continues, intervening only in "market failure" instances.

In reality, governments can and do play a critical role in stimulating innovation–creating fresh markets actively, rather than just solving them. To be sure, public proponents of a restricted financial role think that market failure justifies some infrastructure and fundamental science funding. For instance, in Silicon Valley, through a decentralized network of public organizations, the state has acted as a strategic investor: the Defense Advanced Research Projects Agency, NASA, the Small Business Innovation Research Program (SBIR), and the National Science Foundation.

Examples outside the US include Israel, where the Yozma government venture capital fund provided early-stage funding to some of the most vibrant businesses in the country, and Finland, where Nokia received early funding from Sitra, the government development fund. The state-owned development bank in China is providing billions of dollars in loans to some of the most innovative firms in the country, including Huawei and Yingli Solar.

4. It is totally necessary to regulate the Internet. People should use the Internet to research, write messages, but they should not be prepared to use it as a weapon for cyber bullying children, adults and company. These days, many individuals are just cowardly, hiding behind the Internet and posting nonsense. This should be prohibited. People need to have a life and not ruin other people's lives. There is no longer any social responsibility or accountability. Where is all this going to lead to? We are meant to be civilized and not junk, yet the world turns out to be worse. There's nothing favorable about these "liberties." Use the Internet properly, but don't wind up frustration.

If the state did not regulate the internet, it could all become simple to interact about terrorist activities. It would also be hard to stop child pornography and punish those who produce it. However, I think that trying to prevent piracy is a waste of government time and money.