Page 24 - PowerPoint Presentation

STRATEGY AND GOVERNANCE

The impact of technology on strategy

• The way in which business is conducted is evolving. Technology

and industrialisation are amongst some of the components

which have played a role in this evolution

• The internet has significantly expanded its reach over the last

few decades with the number of users growing daily; where

users are now able to access the internet with their phones or

tablets and do not necessarily require a computer.

• This is particularly relevant in developing economies, including South
Africa.

• The effect of decreasing data costs and greater bandwidth has

had a positive effect, with businesses harnessing the benefits in

the form of up to date marketing campaigns, on-line sales, the

creation of customer information database, on-line payments

(Electronic funds transfer-EFT’s) etc.

• While this evolution has proved to be beneficial it is important

to note that challenges also do exist.
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