TECHNOLOGICAL EFFECTS IN NIGERIA'S BUSINESS ENVIRONMENT

     The rapid development of technology requires quick reaction by business organizations in order to survive in a concurrent competitive environment and keep up with new trend and
innovation. These technological factors can include opportunities and threat.

The fast pace of technological development is probably the most dynamic force in the management of business. The ability to acquire and apply new technology promptly and efficiently determines the survival of most business. On the national level the correct infrastructure must be put in place to enable business take advantage of new developments such as e-commerce.

The Nigeria economy has been in great difficulties as the sectors of the economy are passing through the trauma of the structural adjustment program. In the business world, things change with the society. In Nigeria business, rapid technological development has reduced the availability of jobs, but the human resource are still needed to operate these new technological equipments due to the inability of these equipments to perform certain functions.

Business technology in Nigeria has helped some business organizations to improve their communication process. The introduction of emails, website, blogs and personal digital products application can help companies improve communication with their customers. In Nigeria, some organizations use several types of information technology communication methods to saturate the economic market with their message and receive feedback from customers.

Although some of these technological factors proved to be disastrous  for some organizations in Nigeria because most of them have not been able to meet up with the speed of technological development in the world.

Most technological development is beneficial and business ororganizations should try to counter the negatives in order to find the beneficial impact in it's adoption.