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The Impact of Technological Change on Decision Making in Agriculture Sector

   

Added on  2020-01-21

16 Pages4635 Words324 Views
Contemporary developmentsin business and management1
The Impact of Technological Change on Decision Making in Agriculture Sector_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3Overview of primary external influences to organization...........................................................3TASK 2............................................................................................................................................6Theme chosen: Technological Change ......................................................................................6Influence of technology change on decision making of agriculture production of company......6Critical evaluation of organization response................................................................................8Areas of improvement in organization.......................................................................................9Conclusion ....................................................................................................................................11References......................................................................................................................................132
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INTRODUCTIONAgriculture sector of UK is one of the fastest growing industrysector which is adoptingtechnology in farming and harvesting process. Technological changes are affecting earning ofagriculture field.Despite using technologies it is earning is very low because of technologicalchanges. Nation wide PLC of UK is one of the leading agriculture production company whichprovides fresh fruits, vegetable and various other products. Present report describes about thefactors, which are influencing organisation in producing high quality products. Various factorslike political, environmental, weather, climate and other factors are discussed with regard toagriculture production of company. Technological changes and its impact on the organisationare well explained in the report. Evaluation of technological change on company has been done.Areas of improvement in company due to technological changes are illustrated.TASK 1Overview of primary external influences to organisationNation wide PLC is one of the major agriculture product producer company of UnitedKingdom. The company makesgrow agriculture products and sell them to consumers.pack themand sells fresh products. It has its consumers in various sector of merchandise like retail andcatering services. The company exports in agricultural market (Sova and et.al , 2014) of othercountries aslotoo. It grows fresh vegetable fruits and sells them in agriculture every market ofcountry. The agriculture sector company is diverse industrycompany of the country and it sellsin every sector who are producing fresh product. External factor influences the present andfuture growth of the agriculture organisation .There are various external factors which impactsthe agricultural business like social factors, environmental factors, legal factors, technologicalfactors, weather, political factors and economical factors. Political factors: Political factors are used to determine how government rules and regulationsaffects the Nation Wide PLC. Government's taxation system highly impact the agriculture sectorof UK. These factors are related with political forces which are imposed on agriculture industryto gain revenues. Political factors also brings opportunities also for the agricultural producers(Xu and Lin, 2017.). Tax imposed by government affects the profitability of company . hasability change whole revenue system of the company. Trading policies made by government andinter country relationships influences the export and import business of agriculture organization.3
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Internal political concerns cause problem in smooth functioning of business. Fiscal policies andterm of government levy on companies canb affect the agriculture business to great level.Several other factor like trend of politics , corruption ,wars and international polices also impactsagriculture business environment. Social factors: Social factors are associated with social trends and environment in marketwhich can affect the Nation Wide PLC. Cultural trends, lifestyle, brand popularity and publicitycanhave ability to affect the business of agriculture company in the country (Rhodes, Jalloh andDiouf, 2014). Social trends can influence impacton demand of company's products and services.Brand image and opinions of consumer about the product and services are the factors whichinfluence agricultural organization. Health awareness and safety measure are the most importantfactor for any company to grow in agricultural industry. Opinion and perception about quality ofproducts also constitutes to are external factors which can influence agriculturecompany'sbusiness.Environmental factors: Environmental and ecological factors are the most important factorswhich affects the business of Nation wide PLC. These factors are related with characteristic ofecological and environment conditions. These condition might impact the demand of agriculturalproducts made produces by company. Regulation made by government regarding environmentsafety and precaution can influence business of agriculture organisation.company (Tubiello andet.al, 2015). The company has to make sure that it is taking care of of all the environmental rulesand regulations made by government. Carbon footprint is bigiog issue of concern for companiesin to maintaining effectiveness of its product in market. Environmental factors also includesclimate changes, weather issues, soil and various other things that influences the business ofagriculture organisation to great extent. Adverse weather conditions and sustainable agricultureare also included in environmental factors that should be taken into account. by company. whichare points of concern by company. Global market changes, climate change and geographicalconditions of particular country are some external factors which affects agriculture production.Technological factors: Technical advancements happening across agriculture sector areimpacting business activities of Nation Wide PLC.These factors are associated withtechnological attributes such as innovation , invention, technological changes and legislation inthe field of technology. These are aspects which may affect businesses of Nation wide PLC. It4
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