Assignment Organizational Technology, Value, And Theory

Organizational Technology, Value, and TheoryAuthorDepartment, UniversityCourse code: Course titleInstructorDue DateOrganizational Technology, Value, and TheoryOrganizational TechnologyTechnology has become a necessity in modern business. It has an essential effect on the operations of organizations. The technology ensures that an organization maximizes its profits and enhance customer satisfaction. It doesn't matter the size of an organization; technology has allowed organizations to improve production and management systems (Wilbon, 2015). As such, technology affects efficiency, culture, and business relationships. Kinds of Technology in An OrganizationSuccessful organizations bank on technology for productivity and communication purposes to sustain their operations. An organization needs to understand trends in the current technology and use it to its advantage. According to Chatterjee et al. (2020), the three kinds of technology in a business include; Customer Relationship Management Systems (CRM), Accounting software, and the Inventory Control System. Starbucks is an example of a successful organization that has embraced technology, hence retaining its competitive advantage.How Different Types of Technology Create Different CompetenciesTechnology contributes significantly in defining, exploiting and cultivating an organization’s core competencies to stay ahead of its competitors (Chatterjee et al., 2020). For instance, Starbucks CRM systems ensure