1. Technology and Business Chapter 9: Entrepreneurship

2. Objectives Describe how technology inventions have an effect on business activities. Give examples of how technology has changed jobs in business. Explain why doing business on the Internet has become a major factor in many industries.

3. Brainstorm Record thoughts in your notes: What has been the biggest technological advance in the last 5 year – 10 years?

4. Brainstorm, again! Technology is the practical application of knowledge. Although people tend to think technology is new, people have been applying practical knowledge throughout history by inventing things. List in your notes three significant inventions that affect business today.

5. Chapter 9-1 The History of Technology

6. Technology in the Past What is technology? The tools and machines people have invented to make life easier.

7. Telephones? What’s the big deal? Live, work, and do business Inventions from telephones? Where would we be without telephones both in business and at home?

8. Modern Technology Smaller, faster, cheaper, more powerful. Examples?

9. Modern Technology The Computer 1945 Took up an entire room Could barely calculate a math problem Today Microchip stores billions of bits of information

11. Modern Technology The Computer First used by the military Important business tool Stores thousands of files, saves time, & space Created a boom in nearly all industries

12. Brainstorm Working with the person beside you, brainstorm a list of industries that have developed as a result of the personal computer.

13. E-Workforce vs E-Commerce Consists of people who work with computers while doing business. Uses the Internet to conduct business transactions.

14. Critical Thinking Explain the impact technology has had on employment.

15. Chapter 9-2 E-Commerce

16. Essential Question How could you incorporate emerging technologies into your newly formed business?

17. What is Virtual Business? Online businesses 70 million people use computers daily. Start-up business What consumers buy online?

18. E-Commerce Everyone connected to the Internet is a potential customer. Examples: E-Tail and E-Ticket

19. E-Ticket Purchased online Easier to purchase, more convenient Possibly cheaper

20. E-Tail Electronic Retail Any product sold online. J-Crew (also, multi-channel retailer) How does it benefit you as a consumer? How does it benefit the small business?

21. Bricks-and-Mortar Stores and warehouses Grocery Stores

22. Clicks-and-Mortar Fixed location and online operations Barnes & Noble

23. Digital Workflow Links all the steps in a process digitally. Influenced publishing and printing industry. Authors, editors, marketing, manufacturing, and archiving can work together. Each departments step is linked electronically

24. Technology Centers California’s Silicon Valley New York’s Silicon Alley Oregon’s Silicon Forest Austin’s Silicon Hill Next  New Mexico

25. Current Event Articles Find a current event article that reflects content discussed in Chapter 9: E-workforce E-commerce Digital Workforce Influence of Technology Retailers E-ticket Separate Sheet of Paper 1.) Title of Article 2.) Provide a Brief Summary 3.) Explain the Connection to Ch. 9 Content