Altcoins Talks - Cryptocurrency Forum
Further Discussions => Entrepreneurship , Business & Online Work Forum => Topic started by: Emmanuel1 on March 23, 2024, 12:38:53 PM
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Through technological innovation, entrepreneurs have advance in production,services and to improve the business operation.
Technological innovation have revolutionalize the way we do business, these are some of the ways it has helped:
*Improve efficiency - with technological innovation entrepreneurs have improved rapidly in business operations, that brought about increase in productivity, reduction of cost in operations and increase in output.
*Competitive advantage - buy the use of artificial intelligence (AI). Technological innovation has brought about, investment attractions, and high level competative advantage in the business space.
* Science and technology breakthroughs - technological innovation has pushed for more research,Discovery and breakthroughs , in the technological word.
Let's discuss on this and list more of them.
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One good thing that technology has done for entrepreneurship is that you can sell your product to any person across the world. Technology has just made the world a small village and so buying and selling is so easy now.
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I don't know I thought the thread would be about technological innovations in entrepreneurship and not the effect they have in the business. Still in the subject matter I would say some of the technological innovations in business are the use of AI, Social media (it's effect and impact shouldn't be neglected), Digital banking and cryptocurrency for smooth transactions across borders. There are many more and I believe the next individuals replying the thread would be able to share more from their own POV
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Yes with the help of technology, and creative innovations entrepreneurs and business men are able to operate and market their Products and services online, and also it has enhanced the effectiveness of communication and transmission of information all over the globe. Now people can now operate internationally without having branches everywhere.
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One good thing that technology has done for entrepreneurship is that you can sell your product to any person across the world. Technology has just made the world a small village and so buying and selling is so easy now.
That's pretty much an important point to be noted.
Indeed technology has really caused an amazing evolution in entrepreneurship by providing a space where businesses and entrepreneurs around the world could easily reach out to customers and investors who would actually have interest. With the help of the internet and certain technologies, entrepreneurs can now sell their products to a global audience, which has really contributed immensely to breaking of geographical barriers and expanding the customer base of their business.