Technology is an umbrella term that includes many disciplines involving the application of science and technology. Technological change is often a result of advances in technologies that were developed for other purposes. The application of technology in business and society has resulted in new systems and practices that are now used in everyday life. The discipline of technology studies seeks to identify, define, and describe the ways in which technology is changing and expanding. This can help business owners and managers understand how technology is affecting business and how they can use this knowledge to improve business performance.

Among the broad categories of technology is information technology, computer technology, electrical engineering and mechanics, information management, software engineering, health care, and engineering automation. Information technology describes the methods and applications used to create and manage networks, software applications, and electronic devices. Computer technology describes the field of software engineering that develops, designs, and implements computer systems. Electrical engineering is an area that uses the most number of different technical devices, including electricity, gas, and steam, to create products. Mechanics deals with large-scale construction and design of mechanical objects and their components.

Technological change occurs for a variety of reasons, ranging from the advancement of new communication technologies (such as email and text messaging) to the creation of newer and more efficient machines (including computers and vehicles). Technological change also occurs rapidly, almost as soon as new technologies are created. In order to adapt to and truly understand these ever-changing technologies, it is important for business owners and managers to become skilled in several different areas.

Managers need to be able to analyze technological process information, such as market research, functional requirements, and technical writing. They must also be able to synthesize this information with other sources, such as company mission statements, executive bios, competitive assessments, and company goals and objectives. In addition, managers must also be adept at developing and communicating this information to key decision makers. Finally, they should be able to implement and communicate new technologies to their teams. Effectively integrating this technological process in business must be accomplished by business owners and managers who have a thorough understanding of the entire technological process.

Technologists have many areas of responsibility. They include developers and designers of new technology, system planners, marketing managers, and IT managers. They can also be involved in specific areas, such as manufacturing systems, production management, product development, and product analysis. Additionally, technologists are also involved in maintaining and repairing the technology used by others. These activities allow technologists to share their knowledge and learn from others. This allows the industry to continually develop and improve its processes, products, and services.

As business managers and IT managers implement technology into their businesses, they need to be skilled in several different areas of technology. Business managers must understand how the technological process affects the business, and they must be capable of implementing and communicating the necessary changes. Furthermore, managers must understand how to manage the change and implement it effectively.