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Introduction

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Term Paper TitleIntroduction
# of Words4642
# of Pages (250 words per page double spaced)18.57
Introduction
     Science and technology are advancing at a very rapid rate, but do we really understand all that is going on?  Probably not.  This paper will identify current issues related to science and technology from the business, governmental, and societal perspectives.  However, before we can begin to understand the advances in science and technology, we must know the definitions of them.  The Microsoft Encarta 97 Encyclopedia on compact disk defines science as "the observation, identification, description, experimental investigation, and theoretical explanation of a phenomena" and it defines technology as "the application of science, especially in industry or commerce."
Business & Technology
     Technology is increasingly seen as the defining characteristics of contemporary life.  Looking backward, man has been distinguished from other species due to its use of tools and construction of artifacts, leading from one stage of evolution to another.  In this fast moving world humans are totally dependent of sophisticated technological systems to meet virtually all their needs: food, housing, clothing, security, communication, transportation, health, entertainment, and learning.  We have built machines to control machines.  Artificial intelligence is one of the major technological breakthroughs.  Economists, historians, and sociologists all stress the importance of technology, but then trend to treat it with "neglect," if not with outright contempt(Drucker).  More surprisingly, businesses and businessmen have done little to understand technology and even less to manage it(Drucker).
     Modern business is, to a very considerable extent, the creature of technology.  Certainly the large business organization is primarily the business response to technological development.  Modern industry was born when the new technology of power generation-primarily waterpower at first-forced manufacturing activities out of home and workshop and under one roof(Drucker).  The modern factory began with the textile industry in eighteenth century Britain(Drucker).  Also, the large business enterprise of today has its roots in the first "big business," the railroad of the mid-nineteenth century, at least in technological innovation(Drucker).  From then until now the growths of industries, such as, computers to pharmaceuticals have largely been the outgrowth of new technology(Drucker).  At the same time business, has increasingly become the creator of technology(Drucker).
Two Faces of a...

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