THE PLACE OF TECHNOLOGY AND APPROPRIATE MANPOWER IN ENTREPRENEURIAL VENTURE.

Abstract

This study examined the place of technology and appropriate manpower in entrepreneurial venture. It is observed that technology is imperative to entrepreneurial venture creation. The study revealed that technology has influence in entrepreneurial venture through the following media: Business and Customers; in today’s busy business environment, it is necessary for employees to interact with clients. Hence technology is the only tool that affects a firm’s ability to communicate with customers effectively. As a result, it allows customers to find answers to their questions after hours. Owing to tech connectivity fast shipment options allow businesses to move products over a large geographic area around the globe. There are many options where customers use technology to interact with a business. Being correlated to each other, the business offers benefits to customer with better communication that creates a stronger public image .Operations Orientation; with unique possibilities, technology also helps a business to understand its cash flow needs. Technology preserves precious resources such as time and physical space. Technology allows business owners to understand how to manage the storage in warehouse inventory. Security Capability; it also helps businesses of the modern era to handle security threats/harms which is a subject of concern. The study further revealed that appropriate man power is a panacea for the success of a firm as the organizer and co-coordinator of all other resources. The study concluded that manpower ensures the success of an entrepreneurial venture, while technology enhances the success, hence they are not just desirable, but relevant and necessary.