Technology impact on the organization Research Paper

technology impact on the organization - Research Paper ExampleFactors of production include the inputs requisite in the production process in order to accomplish an organizations objective in achieving its coveted output. The desired output may be a finished product or a dish depending on the organization. They include labor, capital, land and enterprise or entrepreneurship (Lee & Edgar, 2002). This makes technological progress the mover of development in the economy.Labor in an organization is termed as either skilled labor or unskilled labor. most(prenominal) organizations will prefer the subprogram of unskilled labor as much as possible since it is cheaper as compared to skilled labor. It is also in many instances readily available. On the other hand, skilled labor is needed, curiously where technology brings in the aspect of automation in processing.Capital is the initial amount of money required to carry out organization affairs. Depending on the investment targeted, an o rganization requires variant amount of capital. An organization with an alter computer controlled process cannot have the same amount of investment with another of the same kind. Initial approach of high technology is high, but this ends up becoming economical due to efficiency and high productivity in processing.This is a basic factor that deals with the management of a company. Workers in the managerial positions and are conversant(predicate) with high grade technology know how to bring out better results. This brings in the aspect of precisely in Time delivery of goods and services.One of the roles of technology includes increased productivity of the workers. This is enhanced by the use of efficient machines in operations, thus making it possible to exploit the workers potential. There is best resources utilization this includes space, time, process, human resource among others. When there is no waste in a process, optimal network are obtained, and making profits is the mai n goal of any business organization (Montano