The Main Contemporary Issue Faced by Manager with the Expansion of Technology

There are several emerging technologies that could help the company to gain a competitive advantage.

Businesses are facing a dichotomy between wanting to chalk out an all-time structure and strategy for their organization, and recognizing that their world is in a constant state of flux [3]. For most of the 20th century they were largely focused on the static elements of this dichotomy. However, in the last decade changes have become more frequent and more dramatic, so much so that a whole branch of management is now devoted to the subject of change itself.

To cite this article: Lisa Harris, Anne-Marie Coles & Keith Dickson (2000): Building Innovation Networks: Issues of Strategy and Expertise, Technology Analysis &

The Information Revolution is said to be a massive change in the way organizations conduct business. In this day and age when time and

Technological up gradation: the organization must look for latest trends and technologies for manufacturing products and assimilate the modern technologies for making standardised products. The computer era has arrived and it is offering integrated platform for business processes so the recommendation is to have integrated system for better access and synchronization among different departments.

Our team has not defined a clear schedule for the completion of individual work, however; we successfully shortlisted our modern technologies. We believe that it will be helpful for our company to achieve its goal and compete with competitor’s. We must narrow our list to four and compare and contrast for each respective technology.

Given that the development of new systems can be fraught with problems and delays, there are many factors that drive organisations to develop new systems. The most important drives come directly from the companies needs and are often not related to technology, but however to technological solutions, these include:

(Kroenke, 2013). Hardware dictates how effectively a company can also manage the highly demanding times of operating their business, in addition to managing the re-organizations required to stay

Secondly, because change management is occurring on the regional level instead of the corporate level, there is differing technologies, processes, and management styles which leads to a growing sense of frustration. Due to lack of IT Governance framework the company was not able to:

Ability to leverage the technology into multiple product development areas if a co-development deal can be struck with manufacturers.

In today's business world, corporations have become more complex and more unpredictable, in fact it is considered almost "healthy" that a corporation experience change and transformation. Companies need to be susceptible and ready to acknowledge the challenges that change presents with and try to overcome these for the benefit of the company as a whole. Due to the ever-changing business and social environments caused strongly by globalizations, this has meant that companies must keep themselves up-to-date, whether it is through using the latest form of technology or through the latest management fad. There are many factors involved with change and the successful management of it which can often be a difficult time for

In order to succeed today, organizations that are competing in global markets are increasing rapidly. The increased use of technologies such as the Internet, intranets, and extranets will definitely revolutionize how businesses will operate and how they will use computers to compete. The Internet and related technologies and applications have changed the ways companies operate their businesses processes and activities. For example, companies can network their offices and share data to be more effective and efficient. However, excessive use of the Internet, intranets, and extranets also create intense

As organizations reliance on technology continues to grow so has the amount of cyber attacks which occur compromising organizations information systems and networks. These cyber attacks can have drastic effect on organization financially including downtime or even regulatory fines. Due to this the need to be able to properly identify assets, their vulnerabilities and threats, and the risk they pose to the organization has become a must for ensuring the protection of organizations information systems and networks. This have gave way to the creation of threat modeling process to aid organizations beater identify and mitigate the risk to their organizations security.

These technologies grow and develop within the company over time, and are utilized in successive products. The collective body of the company's technology experience broadens with the emergence of every new product. This broadened experience has turned out to be the base for appraising the "incremental newness" of the technology personified in the subsequent new product.

The technology management of business benefit requires utilizing technological resources and systems for the needs of the company now and later. Technological roadmapping is being used increasingly in companies for supporting the development, communication and implementation of technology and business strategy. European Institute of Technology and Innovation Management (EITIM) defines technology management as “Technology Management addresses the effective identification, selection, acquisition, development, exploitation and protection of technologies (product, process and infrastructural) needed to achieve, maintain [and grow] a market position and business performance in accordance with the company’s objectives” [3].