Abstract
There has been an increase in demands where businesses are now required to respond to the threat of changing technology and the gradual increase in climatic variations, on the basis of the influential position that businesses are known to enjoy within the global community. If businesses are able to integrate people, technology, strategy and procedures while implementing initiatives that respond to climatic changes, it would result in creation of value in the long-term, which is a powerful too. However, there is a need to understand the threats that are presented by changing technology and climatic variations, which is the key focus of this research. The objective was to identify the business opportunities and challenges faced by businesses in KSA in the face of changing technology and climate change and whether there was an association between the two. The research adopted a quantitative methodology where the findings revealed that climatic variations can substantially impact businesses in terms of financial reporting, organizational reputation, legal responsibilities and supply chain and operations. It also found that business performance was also positively influenced by changing technology. The findings also revealed that changes in technology could also positive influence climatic variations. Thus, it can be concluded that changing technology and climatic variations bright forth substantial risks that could present opportunities as well as significant challenges for businesses operating in KSA.