Technological Challenges in Business Field †MyAssignmenthelp.com

Question: Discuss about the Technological Challenges in Business Field. Answer: Problem Statement In the recent years, the world has witnessed rapid growth and advancements in technologies. These new trends have found many people and businesses on the back foot and in the process of embracing and integrating the technologies in the system, there have been dire consequences. For instance, some of the machines used ten years ago have been completely phased out and new ones have replaced them because of their efficiency and effectiveness. This paper will focus on the need for specialized skills in the workplace as a result of the introduction of new technologies. Many of the existing workers are not conversant with this technologies and as a result, businesses find themselves in a deep problem of functioning and competing in the industry. This research aims to find a solution to this problem and help businesses reduce the impact caused by changes in the technology field. Objectives The main objective of this study is to help businesses come up with well-structured strategies and frameworks that will enable them to easily adopt the new technologies. These frameworks will also enable the organizations to get the desired results without going through the problem faced by businesses today. At the end the study, the researcher aims to give viable recommendations on how to equip both the new and existing workforce with the necessary skills needed by the technologies. Research Methodologies to be used in the Study This study will use both the qualitative and quantitative research methods as a way of gathering data. The research will use methods like questionnaires, focus groups and interviews in collecting information from the stakeholders and shareholders in the business field. The questionnaires will be issued to the employees in various organizations in an effort to hear their take on the technologies they are using and the ones being incorporated in the organizations. Moreover, the questionnaires will be structured to find out what the employees feel should be done in order to counter this problem in the industry. On the other hand, the interviews will be used on the managers and the CEOs. These are the people who have to answer why their businesses are not doing well and they are at a better place to provide insightful information on the issue (Miles, Huberman Saldana, 2013). The research will want to get expertise in the field by forming informed focus groups comprising of analysts and advisors. In this groups, the personnel will discuss the root causes of the problem as well as the way forward. The discussions in the groups will also look at the best strategies that businesses can put in place to ensure that they come out of the technological ditch. Secondary Sources of Data Today, business trends are found in business magazines and journals. This research will capitalize on using these secondary sources of information in the data collection process. Literature has always been a rich source of information because there are many authors who input a lot of effort to document enough information on the issues and trends in the specific areas or industries. The internet is very vital in research because it harbors a lot of information. Actually, it has most of the information contained in the books, journals, and magazines. During the study, the researcher will majorly rely on information from the online libraries. These libraries include electronic books (eBooks), websites, online journals and magazines. Importantly, the information on the internet is up-to-date and detailed because of the variety of source choices available. Data Analysis and Presentation After collection of the data, it will be categorized analyzed, processed and later grouped in various categories. The analysis will utilize both the qualitative and quantitative methods in order to understand the information gathered fully. Once the data is fully processed, it will be presented using publication of the findings and recommendations on the issue by the researcher. The literature will be accompanied by tables, info-graphics and pie charts which will act as visual aids that will help the researcher covey the findings of the study (Chilisa, 2012). Summary Technological advances are aimed at improving the operations in the various fields. This should not in turn become a problem at any time. It is crucial that the businesses get ready to adopt new technologies and boost their day-to-day activities. Now that there is a problem already, this research paper will focus on a recent problem in the business scope which has resulted from changing dynamics in the technology world. After identifying the problems, the research will also look into the possible solutions to the problem. The best way to achieve a solution will be involving all the stakeholders in the research. Through this the study will be able to get accounts from all angles and see the best way to come up with the most suitable recommendations. The recommendations will originate from the findings and opinions on what will work for the better of the businesses and technological fields. This is a very vital study and everything has to be done to the best to avoid creating more problems in the long run. Finally, it is crucial to note that if not addressed soon this problem will continue to affect more businesses and there are possibilities of many of them closing shop. To save these businesses quick informed measures have to be taken in due time. It is also important to know that, this study is wide and will involve many individuals making it consume quite some time in the data collection, compiling, analysis and processing the final output. It is estimated that the research will take a period of about four to six months of vigorous and thorough study in the business field. In conclusion, technology is always evolving and businesses should be ready to go shoulder to shoulder with it. This can be achieved through extensive incorporation of ideas between the two worlds. This study will also put efforts to see the best way in which these worlds can come together and work in unison to avoid the challenges we are witnessing at the time. References Daniel, P.S., Sam, A. G. (2015). Research Methodology. Delhi: Kalphaz Publications. Machado, C. F. Davim, J. P. (2016). Technological Challenges and Management: Matching Human and Business Needs. Florida: CRC Press. Miles, M. B., Huberman, A.M., Saldana, J. (2013). Qualitative Data Analysis: A Methods Sourcebook. Los Angeles: Sage Publications. Christiansen, B., Turkina, E., Williams, N. (2013). Cultural and Technological influences on Global Business. Hershey PA: Business Science Reference. Hoffman, A. J., Georg, S. (2018). Business and the Natural Environment: A research Overview. New York: Oxford university Press. Chilisa, B. (2012). Indigenous Research Methodologies. Los Angeles: Sage Publications.