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Open Access Journal Article

Technology Adoption and Business Performance

by Michael Brown 1,*
1
Michael Brown
*
Author to whom correspondence should be addressed.
IRBM  2023 5(2):45; https://doi.org/10.69610/j.irbm.20231224
Received: 20 October 2023 / Accepted: 23 November 2023 / Published Online: 24 December 2023
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Abstract

The rapid advancement of technology has significantly transformed the business landscape, prompting organizations to adopt new technologies to improve operational efficiency and enhance business performance. This paper explores the relationship between technology adoption and business performance, focusing on how the integration of technology influences various aspects of organizational functioning. Through a comprehensive review of existing literature, including case studies and empirical research, this study identifies key factors that mediate the impact of technology adoption on business performance. Findings suggest that technology adoption can lead to increased productivity, better decision-making processes, and improved customer satisfaction. Additionally, the study highlights the importance of strategic planning, employee training, and change management in facilitating successful technology adoption. However, challenges such as high implementation costs, resistance to change, and the rapid pace of technological advancements also need to be considered. This paper concludes by proposing recommendations for organizations aiming to leverage technology to enhance their business performance, emphasizing the need for a balanced approach that takes into account both the benefits and drawbacks of technology integration.

Keywords: Technology Adoption; Business Performance; Organizational Efficiency; Strategic Planning; Change Management.;
Copyright: © 2023 by Brown. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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APA Style
Brown, M. (2023). Technology Adoption and Business Performance. International Review of Business & Management, 5(2), 45. doi:10.69610/j.irbm.20231224
ACS Style
Brown, M. Technology Adoption and Business Performance. International Review of Business & Management, 2023, 5, 45. doi:10.69610/j.irbm.20231224
AMA Style
Brown M. Technology Adoption and Business Performance. International Review of Business & Management; 2023, 5(2):45. doi:10.69610/j.irbm.20231224
Chicago/Turabian Style
Brown, Michael 2023. "Technology Adoption and Business Performance" International Review of Business & Management 5, no.2:45. doi:10.69610/j.irbm.20231224

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ACS Style
Brown, M. Technology Adoption and Business Performance. International Review of Business & Management, 2023, 5, 45. doi:10.69610/j.irbm.20231224
AMA Style
Brown M. Technology Adoption and Business Performance. International Review of Business & Management; 2023, 5(2):45. doi:10.69610/j.irbm.20231224
Chicago/Turabian Style
Brown, Michael 2023. "Technology Adoption and Business Performance" International Review of Business & Management 5, no.2:45. doi:10.69610/j.irbm.20231224
APA style
Brown, M. (2023). Technology Adoption and Business Performance. International Review of Business & Management, 5(2), 45. doi:10.69610/j.irbm.20231224

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