Navigating the Digital Divide: The Dual Impact of Technology on Business Management and Financial Outcomes

Abstract

As technology advances all throughout time, it plays an important role in corporate development, having a big impact on managerial strategies and financial outcomes. However, there is a tendency for technology to have both positive and negative effects. In this paper, it has been analysed that how technology affects financial outcomes and management, substantiated evidences with data from different organizations and businesses. It is worth mentioning that giving a glance at its disadvantages one cannot rule out its use and in addition observing the advantages one cannot completely rely on it either thus it is important to discuss both aspects in depth.