The influence of technology on organizational strategy: A study of the Nigerian banking industry.

-

 



Technology is a necessary component of the workplace in today's society, and its importance cannot be disregarded. The paper investigates how organizational strategy in the Nigerian banking sector is affected by technology. According to the author, firms must now adopt technology to stay competitive and accomplish their strategic objectives.

The nature of technology and how it affects organizational strategy are covered in the essay's opening paragraphs. It emphasizes how technology fundamentally alters how businesses function and that its       influence on organizational strategy cannot be understated. The author points out that the implementation of technology has created new goods and services, boosted production and efficiency, and enhanced consumer satisfaction in the Nigerian banking sector.

The factors impacting the use of technology in the Nigerian banking sector are then examined in the essay. The author cites key determinants of technology adoption in firms as things like organizational culture, managerial attitude, and the availability of resources.

The article's conclusion emphasizes organizations' need to coordinate technology adoption with their strategic objectives to leverage its advantages. According to the author, technology adoption should be seen as a way to accomplish strategic goals rather than as a goal in and of itself.

Other organizations, particularly those in sectors where technology is evolving quickly, can use this information. For instance, recent considerable technical improvements in the healthcare sector have had an unavoidable impact on organizational strategy. Healthcare businesses that don't embrace electronic health records or telemedicine risk falling behind. These technologies have become indispensable.

This article is pertinent to my possibilities for a future profession. It emphasizes the significance of technology in organizational planning, which will be a crucial component of my future business career. Organizations must keep up with the most recent innovations as technology develops to remain competitive. I now understand the importance of proactively seeking technology-related knowledge and skills to stay relevant in the workplace.


Idigo, E. N. (2022). THE INFLUENCE OF TECHNOLOGY ON ORGANISATIONAL STRATEGY: A STUDY OF THE NIGERIAN BANKING INDUSTRY. Covenant Journal of Business and Social Sciences. https://doi.org/10.20370/cjbss.v13i1.2985


Comments

  1. manpreet kaurApril 4, 2023 at 10:01 PM

    I like how this paper examines how organizational strategy in the Nigerian banking sector is affected by technology. It emphasizes how technology fundamentally alters how businesses function and its influence on organizational strategy. Technology adoption should be seen as a way to accomplish strategic goals rather than as a goal in and of itself.

    ReplyDelete

Post a Comment

Popular posts from this blog

GRAND SUMMARY : ORGANIZATIONAL BEHAVIOUR

-
Image
  GRAND SUMMARY The articles all highlight that technology is an essential part of the workplace in modern society and that its influence on the behavior of organizations cannot be ignored. In particular, the crisis management article argues that organizational development can assist businesses in better preparing for unexpected events and responding to them when they do occur. This, in turn, can assist businesses in safeguarding their reputations, minimizing financial losses, and ensuring the safety and well-being of their employees and other stakeholders. The relevance of a corporate innovation atmosphere in fostering creative ICT-based teaching practices is emphasized in an article focusing on innovative teaching methods implemented by instructors using information and communication technologies (ICT). In addition, the article on financialization in UK housing investigates how financialization, which refers to the increasing dominance of financial actors and financial logic in var
Read more