Technology Advancements Essay
(Wikimedia Foundation, 2008) Over two and a half million years ago primitive humanoids began using stones and rocks to butcher dead animals, to date, this was the first known use of technology on earth. Since that time, both we human beings and our technology have evolved. Over the course of history, technology has evolved from stone flakes to a world of space travel and super-computers. The increased availability to information could lead to the development to several necessary and desired advancements in technology over the next ten years that could affect El Arco and the world as well.
My business partners and I have decided to invest a large percentage of our working capital in technology. We have hired someone to …show more content…
Technological advancements in the areas of energy and transportation will be some of most important to the world and to your business. (Rand, 2006) It is thought that within the next ten years or so, there will be significant advancements within this area. It is believed that cost effective solar technology could decrease energy costs worldwide. (Rand, 2006) Advancements in the areas of transportation could include things like hydrogen powered vehicles, hybrid engines, and other “ultra fuel efficient vehicles”. These fuel efficient vehicles could lower transportation costs for your store.
There are a few possible advancements in technology that may directly effect your bookstore. (Rand, 2008) One hopeful technology would be print to order books. This means that books would be printed only by request. Depending how it would be implemented, the effect on your business could be either positive or negative. If customers order the books themselves online directly from the publisher and cut out the middleman that could effect your business negatively. However, it can feasibly be done with out upsetting the current order.
(Rand, 2008) Advancements