Issues Faced by Organization Due to Change in Technology Essay
Added on -2020-07-22
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Company - RolexQuestion - What are the issues faced by organization due to change intechnology as a result of innovation?
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................31.1 Rationale of the research.......................................................................................................31.2 Significance...........................................................................................................................31.3 Aim and objectives................................................................................................................41.4 Research questions................................................................................................................4LITERATURE REVIEW................................................................................................................42.1 Barriers faced by enterprise while using modern technology...............................................42.2 Benefits of reformation of existing machinery for ROLEX.................................................62.3 Relationship between advanced machinery and employees knowledge...............................72.4 Reason behind modification in modern technology..............................................................72.5 Changes in company's performance .....................................................................................8RESEARCH METHODOLOGY.....................................................................................................93.1 Types of researches...............................................................................................................93.2 Research design.....................................................................................................................93.3 Research philosophy...........................................................................................................103.4 Approach.............................................................................................................................10..................................................................................................................................................103.6 Methods of data collection..................................................................................................103.7 Ethical considerations.........................................................................................................11DATA ANALYSIS........................................................................................................................11RECOMMENDATIONS AND CONCLUSION..........................................................................145.1 Recommendations...............................................................................................................145.2 Conclusion...........................................................................................................................15Biblography....................................................................................................................................16
TITLE “To assess different issues faced by organization due to change in technology as a resultof innovation: A case study on ROLEX”INTRODUCTION1.1 Rationale of the researchROLEX is a popular organization as because they make watches which are different andattractive. Major objective of this association is to expand their business across internationalboundaries in order to serve millions of consumers with modern products. In fact, it is observedthat company is using number of advanced technologies to run their business entity in anappropriate manner by satisfying needs or demands of large number of consumers in a effectiveway (Anand, and et al., 2013). Therefore, it has been assessed that ROLEX is surrounded byvarious types of advanced technologies for manufacturing high quality of watches in order toseek the attention of millions of clients. It means that it is indispensable to understand thepositive and negative impacts of technology on entire company as well as project helps inidentifying the issues faced by a firm while adopting high tech equipment. Hence, overallresearch is going to highlight the necessity of modern techniques at workplace and their impacton company’s performance because ROLEX is all about designing of splendid quality ofwatches which are totally different from their competitors. 1.2 SignificanceModern technology acts as a key to success as it plays a crucial role in development of anenterprise because with the help of advanced equipment, business managers can easily managevarious operations in an effective manner. However, it is essential to analyse the influence ofchanges in technology on employees as well as on entire association in order to overcomeseveral barriers which might occur due to alteration in existing goods. Mainly, it has beenobserved that ROLEX is using high tech equipment for designing their outstanding watches withunique quality. Moreover, it is essential for the managers of selected firm to study impact ofmodification in technology in order to run their business operations in an effective manner aswell as able to control their company’s loss as soon as possible (Terpstra, et al., 2012). Along4
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