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Technological Development Assignment

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Added on  2020-11-23

Technological Development Assignment

   Added on 2020-11-23

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CONTEMPORARY ISSUES BM6015- 20DISCUSS HOW TECHNOLOGICALDEVELOPMENTS, IN PARTICULARINFORMATION COMMUNICATIONTECHNOLOGIES(ICT) HAVE REVOLUTIONISED THE TOURISMINDUSTRY1
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CONTEMPORARY ISSUES BM6015- 20TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3Key theories of technological innovation...............................................................................3Technological development & tourism..................................................................................7Discussion of key concepts:...................................................................................................8Critical discussion of the changing nature of the tourism industry structure.......................10Competitiveness in tourism industry....................................................................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................132
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CONTEMPORARY ISSUES BM6015- 20INTRODUCTIONTechnological development has revolutionised business world by developingopportunities for growth and competition. The advancement is tool which is helping millions offirms across the globe in making innovation, attaining competitive advantage and maximizingorganisational functions. It is source which has boosted success of worldwide enterprises byassisting management in easy interaction with consumers across the globe (Law, Buhalis andCobanoglu, 2014). However, information and communication technology is an integration ofwireless signals and telephone liens which comprise devices like software, storage, socialnetworking tweeting, blogs, etc. It will outline the theories which assist entities in technologicalinnovation and will evaluate role of social interaction in development of business operations.Thus, it can be said that it is the transformation of digital era which has transformed changes likeinfrastructure, social interaction and modern computing. Further, the report will analysetechnological development in tourism and key concepts of industry like value chain analysis andbusiness models. However, competitive and value chain evaluation are the tools which helporganisation in managing changes of advancement in order to stand out in competition. Key theories of technological innovationInformation and communication technology is an advancement which is related towireless interconnection. It created boom in tourism industry because the functions oforganisations are consumer centric. To reach at consumers time to time, it is important forcompany to making appropriate record of traveller’s information and their differentrequirements. The components of ICT has created big time growth opportunities for business byestablishing easy management system. It is a helpful advancement which helps tourismcompanies in societal, interpersonal and economic interactions (Ye, Law and Chen, 2011).Tourism industry is considered as the fastest growing industry of economy as it is focused ondirect interaction with travellers. 3
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CONTEMPORARY ISSUES BM6015- 20As per the advancement, it has been analysed that ICT has changed the pattern ofworking of tourism marketing and operational activities. Innovation with technological change isassisting firm in diversifying services as per needs of global buyers. For example: the use of WebCam facilities is helping industry in determining travelling needs of buyers which are effectivefor making desirable trip as per needs of customers.Schumpeter's theory of technologicalevolution (1939) is based on innovation and its role in the economic growth. In accordance withauthors, innovation is the key to success of entrepreneur as it is focused on social progress offirm. As per the theory, innovation is based on two distinctive concepts that are economic andsocial (Information and Communication Technologies in Tourism, 2014). 4Illustration 1: Components of ICTSource: (ICT information and communications technology, or technologies), 2018)
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