The Advancement of Technology Research Paper Example | Topics and Well Written Essays - 1500 words

The Advancement of Technology - Research Paper Example On the other hand, at the present, Internet tools and techniques are transforming and modernizing the ways through which business operations are performed. In addition, these tools and techniques are also modernizing the basic technical frameworks on which various corporations are developing their domestic or internal business structures. This paper presents an overview of the developments in technology. This paper outlines the advancement of technology that has been playing a significant role in today’s world. Introduction New advancements in technology are brought through the knowledge of crafts, tools, methods and techniques or special scientific and technology systems. In addition, the technological developments play a significant role in resolving diverse kinds of issues and problems. Basically, these technological developments can be seen different areas such as in information technology, construction technology, space technology, medical technology, communication techno logy, art technology and so on. Moreover, the advancement in the technology refers to the development of all the areas connected with technology. The technology normally influences animal species, human and society. In fact, a lot of researches have been carried out on this subject shown that the advancement in technology plays a significant role in the improvement of human life. Before the 20th century this idea was rare in English. In this scenario, the earlier technology was taken as the explanation of art that was helpful. However, the description of â€Å"technology† has been changed with the development of technology (Advancements in Technology, 2012; Turban, Leidner, McLean, & Wetherbe, 2005). This paper will discuss the advancements in technology. In this scenario, this paper will discuss some of the important developments in the technology that helped the human race to become much faster, competent and more developed. Advancement in Technology in Different Sectors De velopment in technology performs a significant role in a number of areas/fields. In this scenario, one of the main technology based developments is seen in political sectors. With the advancement of technology a wide variety of war tools, guns, bombs are made. Though, they are bad for mass people who are not concerned with the war. On the other hand, the communication technology has narrowed the issues and barriers to the human communication. In fact, the history of developments in technology is both rich and long. Additionally, many researchers have made technology based development in space technology (astronomy), science and mathematics. In addition, the traditional herbal medicine, medicine and acupuncture are at the present replaced by the modern technology. With the improvement of technology shadow clock was created by the scientists, which was the first progress in technology. With the passage of time inventors invented a lot of scientific tools that are extremely large in nu mber and cannot be counted (Advancements in Technology, 2012; Turban, Aronson, & Liang, Decision Support Systems and Intelligent Systems, 7th Edition, 2004; Laudon & Laudon, 1999). The majority of business organizations are at the present making use of the Internet tools and techniques to develop a private internal network which is acknowledged as the

Question and Answers Essay Example | Topics and Well Written Essays - 3750 words

Question and Answers - Essay Example With regard to ownership, a business can be owned by one individual, a small group of individuals and it can be owned by the public at large as a publically traded company. For privately owned companies, the main advantage is control since these companies do not have to keep the wishes of the shareholders in mind while making large business decisions. Additionally, the profits earned by them are taken by the owners and not divided amongst the shareholders. However, they may not have access to large amounts of capital which publicly owned companies can generate from issuing shares. Publicly owned companies also have the advantage of limited liability in case the business fails or the company hits the ground regarding the investments made by the company. The primary source of capital for privately owned businesses are investors such as venture capital companies, individual investors and banks which give out loans to privately owned company. For companies under a partnership, several individuals may bring their assets together and use that as a capital base for the company. The relationship between a business and its investors may be defined by ownership where the profits made by the company are owned by the investors until their liability has been paid up. The two most important factors which must be understood well before a business is started are the business plans and the value chain which the business seeks to provide to its clients. In the first instance, the business plan shows investors and company owners the method by which the company plans to make money over a period of time. The value chain shows the process by which the company will deliver a certain value to the customers and how the customers will reward the value given to them with money that can be used by the company. Once these elements are understood, it becomes easy to see if the