Initiated processes including application of new technologies and strategies Cover Image

Инициирани процеси, които включват прилагане на нови технологии и стратегии
Initiated processes including application of new technologies and strategies

Author(s): Daryan Boykov, Miloš Davitkovic
Subject(s): Economy, ICT Information and Communications Technologies
Published by: Международно висше бизнес училище
Keywords: technical-technological innovations; technologies; change; processes; models and structures
Summary/Abstract: In modern economic theory, the term development essentially represents economic growth or capital accumulation. The industrial revolution brought rapid and fundamental changes. They are initiated by technical-technological innovations and improvement of models of production and distribution of products and services and lead to significant changes in society and the national economy. The evolution of ICT permeates every aspect of the activities of organizations, allowing them to develop, expand and reach completely new paradigms of existence and provision of products and services. When an organization undertakes changes by implementing new technological solutions, new information technology changes, it also formulates new goals and strategies that affect its processes, models and structures. It is important for companies to be dynamic, flexible and adaptable to multiple changes, as the excessively accelerated pace of change forces organizations and people in them to face indispensable transformations and innovations in all areas of their activity, so they must react in time, to survive and thrive.

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