The Next Big Thing? Entrepreneurs Predict Which New Technologies Will Soon Be Vital Business Tools

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“The next big thing? Entrepreneurs Predict Which New Technologies Will Soon Be Vital Business Tools”

The article chosen is titled “The next big thing? Entrepreneurs Which New Technologies Will Soon Be Vital Business Tools.” The article is structured in a question and answer format. For example, the article begins posing the question “Which technologies do you believe will change the game for entrepreneurs and start-ups in 2014? (Harrison, 2014)” The question was answered by Mark E. Ray co-founder of Production Solution and Plans. His answer was:

“We live in a fast world; to be a game changer you need to incorporate products and services to conduct business in a quick and mobile fashion. In a startup you are constantly hustling to increase revenue, grow market share, and connect with customers and team members while trying to maintain some sort of normal private/social life. The mobile market has seen great advances with apps and smart-phone technologies, and it will be the creative owner who incorporates app efficiencies into their work process. Execute quality business in real time and your customers will notice a difference! (Harrison, 2014)”

 The significance of this quote is it clearly defines the state of the current market. This article relate to class because technological is one of the external factors that company’s and major organizations have no control over.  Technology and electronics is a growing and advancing market allowing entrepreneurs the ability to conduct business transaction on an iPhone using a connectable piece that swipes credit and debit cards. An observation that has been determined through experiences working in retail and marketing is consumers tend to be attracted to the use of technology in a shopping atmosphere. For example, in reference to the app that allows entrepreneurs that ability to conduct transaction on a smart-phone, will fascinate customers and give them the impression that your business is technologically advanced.