ENTREPRENEURSHIP

Detailed explanation-1: -These factors pertain to innovations in technology that may affect the operations of the industry and the market favorably or unfavorably. This refers to automation, research and development, and the amount of technological awareness that a market possesses.

Detailed explanation-2: -Technological Factors: These factors consider the rate of technological innovation and development that could affect a market or industry. Factors could include changes in digital or mobile technology, automation, research and development.

Detailed explanation-3: -Technological factors include production techniques, information and communication resources, production, logistics, marketing, and e-commerce technologies. These affect how an organisation operates, sells its products, interacts with, and gathers intelligence on customers, suppliers, and competitors.

Detailed explanation-4: -STEEP-socio-cultural, technological, economic, environmental and political.

Detailed explanation-5: -1] Pull of Technological Change. 2] Opportunities from New Innovations. 3] Risk of Technological Environment. 4] Role of Research and Development. Matters to be considered while assessing the technological environment: