Implications for Management
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Technological trend and their implications to management
Trends in technology have thus far gone towards faster and smaller devices. These trends have implications for the management of any company. What we will attempt to do in this paper is define those implications in three areas. First, what are the implications of the reduction in cost of hardware with time? Next we will look at the reduction in size of hardware with time and lastly the increase in power in that same hardware. How will these changes impact the conduct of business or how we lead and supervise our employees?
First and probably foremost in our minds is cost. This seems to be our biggest factor when making decisions. The costs associated with hardware are constantly on the decline. An example of this would be in 1999 a quality projector cost approximately $4,000 to $5,000, a much better projector with almost twice the lumens in 2000 cost between $2,000 and $3,000 (Anonymous, 2000)...