Analyzing the Impact of Technology Adaptation on Business Performance

This report examines the multifaceted impact of technology adaptation on businesses and their employees. It delves into both the positive and negative consequences of integrating new technologies, such as the reduction of manpower leading to increased unemployment, potential for errors, miscommunication, and increased anxiety among employees. The report also highlights the benefits, including easier task completion and improved efficiency. It further emphasizes the importance of developing a personal development plan for skill enhancement, focusing on areas like time management and problem-solving. The report concludes by advocating for a balanced approach, encouraging businesses to prioritize manpower while leveraging technology effectively. The student used various sources, including books and journals, to support the findings and conclusions.

Formative Task

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
PART 1 REPORT............................................................................................................................1
Impacts of adapting to new technology problem on companies..................................................1
PART 2 REFLCETION...................................................................................................................2
PART 3............................................................................................................................................3
Personal development plan..........................................................................................................3
CONCLUSION................................................................................................................................3

INTRODUCTION
Human resource is a set of people that perform several tasks and help company in
accomplishing their goals (Brewster and Söderström, 2017). This present study is going to show
impacts of business issues on employees’ health and overall performance of the company. This
study will discuss impacts which increased use of technology can have such as: It increases
unemployment rate, reduces man power, increases errors and others. Further, it will discuss some
positive impacts if technology is being used in an effective manner such as it makes tasks of
companies easier. Lastly it will show effectiveness and reason of developing personal
development plan.
PART 1 REPORT
Impacts of adapting to new technology problem on companies
In the context of digital era it can be said that there are several companies who are using
advanced technology within their business for making their functions easier. There are several
business issues which have negative impacts on companies’ performance. But in the context of
adapting to new technology it can be said that it has both positive and negative impacts on
performance and productivity of company. Nowadays companies of different sectors like retail,
hospitality and others are using technology which is reducing man power. There are several
negative impacts which it has such as it reduces man power so, companies do not employ
workers and most of the work have been performed with new technologies.
Increasing unemployment rate: Nowadays hotels are making use of room robotics and for that
they do not require workers so, it increases unemployment rate. Unemployment rate is one of the
main problems that affect overall economy of the country as well. People who become
unemployed commit crimes because of fostering their families (Kardes, 2020). So, it can be said
that this issue have negative impacts on society.
Errors: It can be said that technology has make all works easier but still we cannot compare
man power with works done with technologies. Technologies have been developed for making
work easier but becoming completely dependent on it can have several negative impacts. It can
increase errors and for maintaining machineries and technology there is requirement of investing
in software development and others. It can affect quality of products and services. Due to
increasing errors it can have negative impacts on the image of company and can also decrease
sales. Customers are less likely to buy products from such companies who provide poor quality
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of products to them (Bouwman, Nikou and de Reuver, 2019). So, it can be said that there is
requirement for focusing on man power rather than completely dependent on it.
Miscommunication: Increasing use of technology may hurt communication skills and it also
distracts students and employees in their education and functions. Between works they use social
media, games that distract their work. It may also increase errors and become reason of poor
quality. Those companies who make use of technology for communication are more likely to
experience miscommunication. Miscommunication among employees also leads to conflicts.
When employees provide informations via some communication tools then there are more
chances of skipping information. Face to face and traditional ways of communication have some
positive impacts.
Increase anxiety: When people use technologies to the great extent then it leads to stress and
other health problems. Nowadays employees also spend their lot of time in performing their
tasks with technology then it may leads to several health problems like back pain, neck pain,
poor eye vision due to lack of physical movement. Students also spent a lot of their time in using
technology in a negative manner that leads to insomnia, eyestrain and increased depression. So,
it can be said that adapting to new technologies to the great extent can have several negative
impacts and it is one of the main business issue (You and et.al., 2019).
Safety: Nowadays all data and informations are being kept in systems. Companies keep both
personal and professional data in their computer rather keeping it in hand. There are more
chances of breaching information and maintaining confidentiality is one of the main key of
success. But due to making use of technology to the great extent it increases chances of
breaching of information. Due to loss of personal and professional data, companies have to suffer
many problems (Pagani and Pardo, 2017). So, it is one of the main concern and business issue
that happens because of increasing use of technology.
On the other hand, technology adaption has several positive impacts as well as it can
improve overall productivity of the company if it is being used in an effective and positive
manner. It makes all functions easier and can help companies in completing tasks in a timely
manner. So, it can be recommended to companies and people that they should focus on
manpower more than technologies as it can increase employment rate and they can also reduce
errors.
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PART 2 REFLCETION
Reflection is the self-learned activity helping out in development of academic and
professionals’ skills. In this reflection report, there will be critical evaluation of the different
skills I have evaluated while working on this report. New technological innovation in the
business have been the creative opportunity to understand the different requirement of
competitive business environment. Learning in the process for acquiring up the process of new
understanding, knowledge, behaviour, skills, value and differ attitudes looking at preferences.
There is ability to learn out differ important skill which will help in overall business
development aspect. in this report, there will be looking to the different skill which is important
for personal and professional development aspect. While performing the research I have
understood that time management aspect was my weakness as I have continually failed up to do
my target. This have created up the more level of ciaos in understanding different business as
aspect and the implementation of new technology in differ business role. On the other hand,
research skill has been my strength helping me out to analysis the different business aspect. I
have research all the topic related to technology implementation and critically evaluate the aspect
from differ angels.
On the other hand, problem solving skill of mine needs the major modification as need to
look out in the various issues which I have developed in business plan. Because due to various
issue regarding the negative impact on decision making have failed out to take important process
development. Time management and problem-solving skill are having clear dependency on each
other making to generate maximum issue in life progression hacks. In addition to that
communication skill have become the most important business and professional development
aspect. I have already strengthened up by written and oral communication skill. this have
demonstrated up with capacity to think up critically making up communication clearly and
solving out the complex problems. Communication skill have helped me out in high lightening
my capabilities such as the critical thinking and communication clearly. Team building skill is
looking to have better aspect which can be fulfil my combination of the presentation skill, time
management skill, presentation skills and problems solving skill. In building of team aspect I
have to developed all skill from all the business aspect and development of report.
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PART 3
Personal development plan
On the basis of above study and self reflection some areas have been found that needs to be
improved for career development (Bintani, 2020). Personal development plan can help in making
use of appropriate resources for developing skills such as:
Skills need to be improved Tools for improvement Time frame
Time management For improving time
management there is
requirement to decrease
procrastination and
completing all tasks by
prioritizing tasks. There are
some tools are available in the
market such as Trello and
toggle plan.
10-15 days
Problem solving It is important to solve
problems as it reduces
frustration For improving
problem solving skills there is
requirement of developing
critical analysis skill. It helps
people in identifying both
positive and negative aspects.
By taking help of seniors also,
it can be solved.
15-20 days
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CONCLUSION
In this report, there will be discussion on Unemployment rate is one of the main problems
that affect overall economy of the country as well. It can increase errors and for maintaining
machineries and technology there is requirement of investing in software development and
others. Miscommunication among employees also leads to conflicts. But due to making use of
technology to the great extent it increases chances of breaching of information. Research skill
has been my strength helping me out to analysis the different business aspect. Communication
skill have helped me out in high lightening my capabilities such as the critical thinking and
communication clearly
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REFERENCES
Books and Journals
Bintani, K., 2020, August. Personal Development Plan as a Guidance and Counseling Strategy in
Higher Education. In 2nd International Seminar on Guidance and Counseling 2019
(ISGC 2019) (pp. 18-22). Atlantis Press.
Bouwman, H., Nikou, S. and de Reuver, M., 2019. Digitalization, business models, and SMEs:
How do business model innovation practices improve performance of digitalizing
SMEs?. Telecommunications Policy. 43(9). p.101828.
Brewster, C. and Söderström, M., 2017. Human resources and line management 1. In Policy and
practice in European human resource management (pp. 51-67). Routledge.
Kardes, I., 2020. Increasing Classroom Engagement in International Business Courses via
Digital Technology. Journal of Teaching in International Business. 31(1). pp.51-74.
Pagani, M. and Pardo, C., 2017. The impact of digital technology on relationships in a business
network. Industrial Marketing Management. 67. pp.185-192.
You, K. and et.al., 2019. Bridging technology divide to improve business environment: Insights
from African nations. Journal of Business Research. 97. pp.268-280.
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