Adoption of New Technology in Business: Current Issues and Reflections

ACADEMIC RESEARCH
AND WRITTING

Table of Contents
INTRODUCTION...........................................................................................................................3
Part 1................................................................................................................................................3
Current business issues................................................................................................................3
Part B...............................................................................................................................................5
Reflective writing ........................................................................................................................5
Part 3................................................................................................................................................6
Personal development plan..........................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Adoption of new technology denoted as implementing the advanced and new techniques
in order to channelise the business practices. This report is based on the case study of Marks and
Spencer Company in regard to its adoption of new technologies in channelising business
practices. The organisation was established in the year 1884 by the founders Michael Marks and
Thomas Spencer. Comp[any is currently operating its practices under the retail sector that is
vibrant and transforming across the globe. Headquarter of the company is located in London,
United Kingdom. Company is currently operating its business operations at approximately 15000
business locations. This report will discuss different aspects related to adoption of new
technology in business. Henceforth, report will emphasis over the variety of business issues
company face in order to adopt new technology in market. Furthermore, report will also discuss
the reflective assessment over the learning taken from the entire study. Personal development
plan will also discuss.
Part 1
Current business issues
Adoption of new technology is about to either install new systems and infrastructure or to
modify the existing system business entity hold. Marks and Spencer Company work in retail
sector that contain huge demand of product further the organisation is entertaining its services in
both the medium online and offline mode of trading. In such a situation to maintain operations of
company efficiently and contain a healthy management of operations it require business entity to
continuously work over its technological advancement and development in order to sustain an
effective flow of operations. There are various business issues company face every time it
proceeds to develop technology part of company or to modify the system.
Limited resources: is among the major issue company face every time it tries to adopt any new
technology in business operations. It becomes essential in context to the adoption of the new
technology to implement it in the most fluent way possible. Technical advancement contain a
nature which allow the business entity either to adopt the change completely or not to go forward
to achieve such a change in a ha;f way possible only (Awin and et.al., 2019). Resources in every
technical advancement seek plenty. Company should only proceed for any technological change
if it holds the more than required number of resources than only it can adopt the change in the
best way possible. Resources in case of any business organisation like Marks and Spencer