Contents: Technology and the Technological Environment, Characteristics of Technology, Technology and Ethics, Information Technology and Biotechnology. | © 2015 Cengage Learning Chapter 9 Business Ethics and Technology © 2015 Cengage Learning Learning Outcomes Discuss the role that technology plays in our business lives. Gain an understanding of the technological environment and the characteristics of technology that influence business ethics and stakeholders. Identify the benefits and side effects of technology in business. Gain an appreciation of society’s intoxication with technology and the consequences of this intoxication. Learn to differentiate between information technology and biotechnology and their ethical implications for management. Identify the ethical issues involved in biotechnology and present arguments on both sides of the issues. © 2015 Cengage Learning Chapter Outline Technology and the Technological Environment Characteristics of Technology Technology and Ethics Information Technology Biotechnology Summary Key Terms © 2015 Cengage Learning Business Ethics & Technology We live in an age . | © 2015 Cengage Learning Chapter 9 Business Ethics and Technology © 2015 Cengage Learning Learning Outcomes Discuss the role that technology plays in our business lives. Gain an understanding of the technological environment and the characteristics of technology that influence business ethics and stakeholders. Identify the benefits and side effects of technology in business. Gain an appreciation of society’s intoxication with technology and the consequences of this intoxication. Learn to differentiate between information technology and biotechnology and their ethical implications for management. Identify the ethical issues involved in biotechnology and present arguments on both sides of the issues. © 2015 Cengage Learning Chapter Outline Technology and the Technological Environment Characteristics of Technology Technology and Ethics Information Technology Biotechnology Summary Key Terms © 2015 Cengage Learning Business Ethics & Technology We live in an age dominated by advancing technology. Each new generation experiences technological advances that were not seen by previous generations. The new generation of young people is called the iGeneration. Technology is part of their DNA, and they have no “off-switch.” Technology is at the core of most businesses, but it is a two-edged sword. Despite many positive advances, there are new problems and challenges. © 2015 Cengage Learning Technology and the Technological Environment Technology - The totality of the means employed to provide objects necessary for human sustenance and comfort. A scientific method used to achieve a practical purpose. Technological environment - The total set of technology-based advancements or progress taking place in society. © 2015 Cengage Learning Characteristics of Technology Benefits of Technology - Increased production of goods and services Reduced amount of labor needed to produce goods and services Made labor easier and safer Results in a higher standard of