logo

Technological Innovation and Tourism

13 Pages4634 Words369 Views
   

Added on  2021-02-21

About This Document

Individual Essay INTRODUCTION 1 MAIN BODY1 1.0) Introduction1 2.0 Critical Review of Key Theories of Technological Innovation 2 3.0 Technological Development and Tourism 6 4.0 Discussion of Key Concepts 7 5.0 Critical Evaluation of the Competitiveness of the Tourism Industry 8 CONCLUSION 9 REFERENCES 10 INTRODUCTION Information and communicationtechnology isbasicallythat technology which provides easyreach to information through use of telecommunication. The following assignment is also based on the use of Information and Communication Technology and its implementation in the Tourism Sector and also the

Technological Innovation and Tourism

   Added on 2021-02-21

ShareRelated Documents
Individual Essay
Technological Innovation and Tourism_1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11.0) Introduction.....................................................................................................................12.0 Critical Review of Key Theories of Technological Innovation.......................................23.0 Technological Development and Tourism.......................................................................64.0 Discussion of Key Concepts.............................................................................................75.0 Critical Evaluation of the Competitiveness of the Tourism Industry...............................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
Technological Innovation and Tourism_2
INTRODUCTIONInformation and communication technology is basically that technology which provideseasy reach to information through use of telecommunication. This technology is similar tofinformation technology but the main focus of this technology is on communication technology(ict, 2019). The following assignment is also based on the use of Information andCommunication Technology and its implementation in the Tourism Sector and also theevaluation of role of ICT in providing shape to the Hospitality Industry. The assignment willstart with making critical review of theories of technological innovation along with value chainmodel, disintermediation and re-intermediation. In addition to this, the critical discussion of thechanging nature of the tourism industry will also be discussed. Further, the assignment willdiscuss about identification and explanation of change in the structure of travel and tourismsector due to Information and Communication Technology. Lastly, the discussion of increasingcompetitiveness in the tourism sector due to the technology will given into light. MAIN BODY1.0) IntroductionTechnology is defined as the application of scientific knowledge in practical life ofhuman beings with the aim of changing or manipulating the human environment. In today'sworld, with the increasing competitiveness, technology is playing an important role in providingcompetitive advantage to the organisations dealing in Tourism Sector (Rzayev and Suleymanov,2018). Not only in the Tourism Sector but also there are different areas in which the use oftechnology is done in order to make the work simple and easy to complete for the betterment andeasiness in performing the work. ICT (Information and Communication Technology) is theintegration of the information, processing, and communication technologies which is impactingcontinuously on the lifestyles of individuals dealing in an environment such as the impact onlearning processes, working ways and social life of people (Саидов, 2018). It consists mainly of study, design, advance, advance development, accomplishment andmostly computer hardware and software application. Earlier, this application was used for theelectronic computers and for other computer hardware but with the passing of time andinnovation in the technology, the use of ICT also diversified to various fields and with the helpof this, it has been made possible for the ICT to make this much development in the Tourism1
Technological Innovation and Tourism_3
Sector. As compared from the earlier times, the responsibilities of Technology have increasedfrom the development of electronic computers to data management, networking, database,software design, computer hardware and many more (Rao, 2018).2.0 Critical Review of Key Theories of Technological InnovationSchumpeter’s Theory of Technological Evolution:The following theory explains that process of production in an organisation is done withthe combination of material and immaterial productive forces in the organisation (Holmström,2018). In this theory, the rate of growth of output increases with the increase in rate of growth ofproductive factors, rate of growth of technology and the rate of growth of investment friendlysocio cultural environment (Schumpeter, 2017). On the very basis, there are two componentsexplained by Schumpeter which are “growth component” and “development component”.The following statement regarding the technology is true as with the help of technology itis possible to ensure the economical development of the economy. The figure shows that with thepassing of time, technology developed, it reduced human efforts, time and cost. It becomespossible to get more work done in lesser time with efficiency and accuracy (Keklik, 2018).Hence, the reduced human efforts and increased production with low cost of productionimpacted upon the profits and revenues of businessmen and hence, the statement is proved to betrue as technology impacts positively on the economic development (Fagerberg, 2018). 2
Technological Innovation and Tourism_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Assignment : Information Communication Technologies
|14
|4231
|418

Change in Technology Revolutionnised Tourism Industry : Report
|13
|3644
|150

Technological Development Assignment
|15
|4359
|321

(DOC) Contemporary Issues in Tourism
|14
|3583
|200

Introduction to Information Technology
|13
|4172
|141

Information Technology in Business: Impact of Computer Networks, ICT, Internet and Intranet
|13
|3653
|143