Introduction to Technology, Management and Business: Evolving Practices

From unforeseen geopolitical events to pandemics and extreme weather events, the list of unknowns facing today's businesses is overwhelming. In 2020, the largest health and economic crisis in recent history, the coronavirus pandemic, forced companies across sectors to take extraordinary measures to protect staff and maintain operations. The companies that had already scaled digital technologies had an edge. The pandemic forced every company, small, medium or large, to move work from their offices to their employees' homes. Organizations are adopting changes such as remote work; agile team operating across geographical areas; digital business models (Hinterhuber, 2022) powered by Artificial Intelligence (AI); automation; etc. These changes are driving organizations to irreversibly alter the way they have been operating earlier. With changing contexts, there is a need to relook at the new ways to manage business. New leadership skills will be required to run virtual global companies. Firms will be required to diversify their dependency from one region to having a global presence.