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Business Environment by A. C. Fernando

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5

THE TECHNOLOGICAL ENVIRONMENT

In this chapter, we study what is technology, the relationship between technology and development, the contribution of technology to society and how it can be integrated with business. Further, we study the role of technology in developing countries including forms of technology transfer and the role of innovation in creating technology. We conclude this study with an analysis of India and the global knowledge market with reference to technology. After reading this chapter, you will be able to understand and appreciate the role of technology to developing countries like India.

WHAT IS TECHNOLOGY?

The word technology comes from the Greek word technologia, meaning systematic treatment. The Oxford English Dictionary ...

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