Business component - PESTLE (technology) 0.0 / 5 ? BusinessBusiness Component 3A2/A-levelOther Created by: amina.1234Created on: 28-04-21 23:49 What technological issues need to be analysed in a PESTLE report? New technology (Automation) e and m-commerce ability to reduce costs (wfh) how it disrupts some businesses (airbnb) 1 of 6 Benefits of automation Improved productivity Faster production Shorter Lead Times Lower labour costs Improved quality 2 of 6 Drawbacks of automation Reduced flexibility Job losses & redundancies Damage to reputation Job insecurity fears High cost of investment 3 of 6 Examples of automation ATMs, remote control heating, self-checkout tills, smart meters, warehousing, and stock control 4 of 6 How do these technological issues impact different businesses? High initial costs Job insecurity Need to protect data Faster manufacturing improved decision making Saving money long term 5 of 6 Is a change in technology always a good thing no job losses / job insecurity (Maslow) / loss of meaningful work / de-skilling yes improved productivity/less stress/increased leisure time/broaden skills base (multi-skilling)/additional training 6 of 6
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