THE BMZ ACADEMY
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 12
, THE BMZ ACADEMY
QUESTION 1 Critically evaluate three technological elements that could impact
Township Luxury's business operations in 2025 and beyond. Your answer
should include:
Technological Elements Impacting Township Luxury in 2025 and Beyond
In the rapidly evolving business landscape of 2025 and beyond, staying abreast of
technological advancements is essential for firms seeking to maintain a competitive
edge. Township Luxury, which delivers premium goods and services within township
markets, must continuously monitor technological developments that could affect its
operations, customer engagement, and overall strategic direction. This essay critically
examines three key technological factors likely to influence Township Luxury,
considering their potential implications and strategic significance.
Technological Elements in Environmental Analysis
The external environment consists of forces outside an organisation that are largely
beyond its control (Andaleeb & Hasan, 2017; Wiid, Cant & Dilotsotlhe, 2024).
Organisations must analyse these forces to anticipate changes and make informed
strategic decisions. The technological environment, a crucial component of the
external environment, is defined by continuous innovation and rapid evolution. It
encompasses developments in digital infrastructure, automation, artificial intelligence,
and online platforms, all of which can transform how businesses operate, compete,
and create value for customers. Although firms cannot directly control these
technological forces, they can respond strategically to exploit opportunities and
mitigate potential threats (Abadi, 2018; Toman, 2011).
Technological Elements, Implications, and Strategic Impact
1. Enhanced Internet Connectivity and Social Media Engagement
Practical Example: The expansion of fibre internet across South Africa and
widespread adoption of social media platforms enables businesses to reach broader
audiences and interact with customers more efficiently (BusinessTech, 2016).
Implications for Township Luxury:
2|Page BMZ ACADEMY 061 262 1185/068 053 8213
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 12
, THE BMZ ACADEMY
QUESTION 1 Critically evaluate three technological elements that could impact
Township Luxury's business operations in 2025 and beyond. Your answer
should include:
Technological Elements Impacting Township Luxury in 2025 and Beyond
In the rapidly evolving business landscape of 2025 and beyond, staying abreast of
technological advancements is essential for firms seeking to maintain a competitive
edge. Township Luxury, which delivers premium goods and services within township
markets, must continuously monitor technological developments that could affect its
operations, customer engagement, and overall strategic direction. This essay critically
examines three key technological factors likely to influence Township Luxury,
considering their potential implications and strategic significance.
Technological Elements in Environmental Analysis
The external environment consists of forces outside an organisation that are largely
beyond its control (Andaleeb & Hasan, 2017; Wiid, Cant & Dilotsotlhe, 2024).
Organisations must analyse these forces to anticipate changes and make informed
strategic decisions. The technological environment, a crucial component of the
external environment, is defined by continuous innovation and rapid evolution. It
encompasses developments in digital infrastructure, automation, artificial intelligence,
and online platforms, all of which can transform how businesses operate, compete,
and create value for customers. Although firms cannot directly control these
technological forces, they can respond strategically to exploit opportunities and
mitigate potential threats (Abadi, 2018; Toman, 2011).
Technological Elements, Implications, and Strategic Impact
1. Enhanced Internet Connectivity and Social Media Engagement
Practical Example: The expansion of fibre internet across South Africa and
widespread adoption of social media platforms enables businesses to reach broader
audiences and interact with customers more efficiently (BusinessTech, 2016).
Implications for Township Luxury:
2|Page BMZ ACADEMY 061 262 1185/068 053 8213
