Technology and Business
Chapter 9: Entrepreneurship
Objectives
• Describe how technology inventions have an effect on
business activities.
• Give examples of how technology has changed jobs in
business.
• Explain why doing business on the Internet has
become a major factor in many industries.
Brainstorm
•Record thoughts in your notes:
•What has been the biggest
technological advance in the last
5 year – 10 years?
Brainstorm, again!
• Technology is the practical application of
knowledge. Although people tend to think
technology is new, people have been
applying practical knowledge throughout
history by inventing things.
• List in your notes three significant
inventions that affect business today.
Chapter 9-1
The History of Technology
Technology in the Past
•What is technology?
•The tools and machines
people have invented to make
life easier.
Telephones? What’s the big deal?
•Live, work, and do business
•Inventions from telephones?
•Where would we be without telephones
both in business and at home?
Modern Technology
•Smaller, faster, cheaper, more powerful.
Examples?
Modern Technology
• The Computer
• 1945
• Took up an entire room
• Could barely calculate a math problem
• Today
• Microchip stores billions of bits of
information
Modern Technology
• The Computer
• First used by the military
• Important business tool
• Stores thousands of files, saves time, & space
• Created a boom in nearly all industries
Brainstorm
•Working with the person beside you,
brainstorm a list of industries that have
developed as a result of the personal
computer.
E-Workforce vs E-Commerce
•Consists of people who work with
computers while doing business.
•Uses the Internet to conduct business
transactions.
Critical Thinking
•Explain the impact technology
has had on employment.
Chapter 9-2
E-Commerce
Essential Question
•How could you incorporate
emerging technologies into your
newly formed business?
What is Virtual Business?
• Online businesses
• 70 million people use computers daily.
• Start-up business
• What consumers buy online?
E-Commerce
• Everyone connected to the Internet is a
potential customer.
• Examples: E-Tail and E-Ticket
E-Ticket
•Purchased online
•Easier to purchase, more convenient
•Possibly cheaper
E-Tail
•Electronic Retail
•Any product sold online.
•J-Crew (also, multi-channel retailer)
•How does it benefit you as a consumer?
•How does it benefit the small business?
Bricks-and-Mortar
•Stores and warehouses
•Grocery Stores
Clicks-and-Mortar
• Fixed location and online operations
• Barnes & Noble
Digital Workflow
• Links all the steps in a process digitally.
• Influenced publishing and printing industry.
• Authors, editors, marketing, manufacturing,
and archiving can work together.
• Each departments step is linked electronically
Technology Centers
• California’s Silicon Valley
• New York’s Silicon Alley
• Oregon’s Silicon Forest
• Austin’s Silicon Hill
• Next  New Mexico
Current Event Articles
• Find a current event article that reflects content
discussed in Chapter 9:
• E-workforce
• E-commerce
• Digital Workforce
• Influence of Technology
• Retailers
• E-ticket