technological environment

Definition

External factors in technology that impact business operations. Changes in technology affect how a company will do business. A business may have to dramatically change their operating strategy as a result of changes in the technological environment.

Use this term in a sentence

  • I was very interested in the technological environment of the place because I would be working there pretty soon and needed to know.

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  • Thanks to the emerging technology, Visualization our Technological Environment has changed and our efficiency in being able to push out operating systems has increased.

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  • The company's antiquated machinery had to adapt to the technological environment; they had to buy new computers and software to keep up with the fast processing speed of their competitors.

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