External Influences-STEEPLE-technological Flashcards
What are some technological factors?
Computer hardware+software Internet connectivity Wireless charging Automation Devices such as tablets
Define computer hardware
Physical parts of a computer
Define computer software
Programs/apps-consists all of the instructions that tell the hardware how to perform a task
What are some advantages of using computer hardware/software?
Systems usually faster+more efficient
Easier communication
Long term-costs reduced due to efficiency
Remote working possible
Reduces need for physical storage space
Convenient for customers
Offers employees opportunity to learn new skills
What are some disadvantages of using computer hardware/software?
High initial cost May lead to job losses Not always reliable Staff training(cost implication) Spend time+money developing processes to keep data safe Demotivation-workers resist change System failures affects whole business
What are 4 examples of effects of technological issues on businesses?
Marketing-allows introduction of new products to a market
Financial-speeds up accounting practices and increases efficiency of data storage online
People-new tech on production line can increase redundancies/staff training
Operations-improve productivity/efficiency
What are some opportunities for businesses that have arisen due to digital revolution?
Cost savings-info more readily available and accessed quickly
Range of info increased
Market research can be carried out with larger samples online
Easily accessible feedback from customers online
Increased employment opportunities
What are some threats for businesses that have arisen due to digital revolution?
Ability to keep up with new tech-expensive
Review websites can have fake reviews
Customers have more informed choices-businesses more competitive
Staff training-increases costs
System crashes/fraudulent activity
