Adapting New Technology: A Business Issue and Industry Response - Desklib

Academic Research &
Writing

Contents
Contents...........................................................................................................................................2
PART 1............................................................................................................................................1
Introduction......................................................................................................................................1
PART 2: REFLECTIVE WRITING................................................................................................3
a. What is learnt from the module...............................................................................................3
b. Why the learning may be important........................................................................................4
c. How is the learning to be used in future studies along with development plans.....................4
PART 3: PERSONAL DEVELOPMENT PLAN...........................................................................4
REFERENCES................................................................................................................................6

Introduction of all project
PART 1
Introduction
To operate a business successfully there is need to have proper understanding and
knowledge as it supports to manage the all functions and activities. Business issues are the major
problem which occurs at the time of managing the functions and activities as it brings lots of data
regarding competition and changing customer demand. It has been seen that environment is not
stable where customers demand for new products and services that can help to fill their need and
provide satisfaction. This is important for each business organization to identify the issues which
are pertaining in the industry and suggest optimum solution that can help to solve the problems.
For this report considered issue is adapting new technology, that arises due to changing needs of
customers where it became important to introduce innovation and services that can help to
resolve the problems. Selected company for the report is Tesco Plc has been selected that is
multinational company of retail believes in maintaining the loyal customer relationships with
their people. The report highlights the business issue and how the industry is responding to
positively and negatively.
What the business issue is and how businesses are reacting
In environment to business, adapting new technology is the major issue for business
organizations as there is uncertainties in market where it became important to introduce the new
technology and advancement that supported to grow the business. The uncertainties are changing
environment, changing needs and wants of people, climate fluctuation, occurrence of pandemic
and increasing tendency that have created the challenge for organization to regulate their
business (Paltridge, 2020). The adapting new technology is said to be appearance of new
products and services with new experience that support to develop the organizational
performance and productivity. The management plays an important role at the workplace as it
identifies the market and put efforts to introduce the products by using new technology.
Technology is the accumulation of application of skills and knowledge which are used by an
individual for the purpose of increasing the organizational productivity and profitability. For
example, needs of customers has been changed in Covid period where it became important for
industry to introduce the new technology and changes that can help to regulate the business by
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