The Evolution of Business Society and Technological Influence
Lok's book posits that business society has undergone significant transformations, from agrarian and manufacturing periods to the current era dominated by technology services and manufacturing . This historical perspective sets the stage for understanding the profound and continuous influence of technological innovation on how products are created, distributed, and consumed, and how services are delivered [. This evolution is not merely about new tools but about fundamental shifts in economic structures and human interaction with these structures .
Advantages and Disadvantages of Technological Change
A central theme is the dual nature of technological innovation, bringing both benefits and drawbacks to societies . While the specific advantages and disadvantages are explored through behavioral economic theory, the overarching idea is that technology is a powerful force with complex and often contradictory effects]. For instance, while technology can drive efficiency and create new industries, it can also lead to job displacement or exacerbate societal inequalities].