Team paper Research Example | Topics and Well Written Essays - 750 words

Team - Research Paper Example One of the technological risks associated with Coca-Cola Company (which is a global business) is in terms of the cost. This is the cost of installing the new technology like internet cables. This is a concern especially in most third world countries where internet connectivity has not reached or people there do not know how to use it. This therefore means that the company has to incur extra cost in training the local staff (who are usually the majority) and also costs of installing the internet connectivity cables. The costs may be too high and this poses a risk to the company of having less than expected profits or taking too long to reach the targeted profit and meet the goals (Bouchet et al. 2003). The other technological risk is job displacement. This is common nowadays with the increase in technological inventions that employ the use of machines and not human beings. The machines like for cleaning bottles and packaging carry out the work that previously was being carried out by hundreds of workers. This therefore means that the workers will have to let off and only few to operate the machines will be required. The risks is in terms of the company being sued for terminating people’s contracts which may cause the company millions in damages hence the company ends up running a losing business or has to shift to another country which is still expensive (Bouchet et al. 2003). The introduction of internet in the company has exposed the country to risks of hacking of their systems. Technology has seen the rise in hackers who target the finance and management sectors and hence expose the company’s management and financials. The hackers may be employed by rival competitors or may just want to expose the company’s dealings. Some of these hackers steal money from the company and hence poses a risk to the business. All these risks that are brought about by technology make it hard for it to enforce some new