Topic Three (1.3) Technological Influences
Introduction
In this topic you will learn about how the fast-paced growth in new technology and innovations, together with the growing importance of data (which the Chinese government has recently categorised as the fifth factor of production), influence a business’s decision-making process and strategy.
Read and Make Notes
Read pages 84 to 86 in Chapter 6 of your textbook and make notes under the following headings:
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- Technological influences on business activities;
- Impact on business of technological change;
- Providing data for business decision-making;
- Introducing technology effectively.
Tasks
Now explore the following resources and add to your notes:
WATCH – The Disruptors: Robo Shops (BBC) Links to an external site.
WATCH – The Role of Technology in Business – Complete Lesson (YouTube) Links to an external site.
Activities in the Book
- Complete Activity 6.8 in Chapter 6 of your textbook.
- Suggested answers can be found in the digital textbook and in General Resources.
Consolidate
The following video will help draw together what you have learnt so far. Watch it and add to your notes:
Terminology
- Write down (in your own words) definitions of all the key terms from Chapter 6 (pages 84 to 86).
- Tick off these terms on your glossary.
- A helpful tip is to make flashcards for key terms as you go along, with the word on one side and the definition on the other. This makes revision later on much easier.