Scientific-technological development has marked the beginning of a new era, in the private as well as in the business sphere of human life. With the emergence of this accelerated development of modern technology, the whole world has marked many changes related to different aspects such as cultural, social, legal, political and economic aspects. For this very reason, the scientific and technological development and the emergence of modern technology are linked to globalization. Namely, globalization processes have influenced the development of many technology trends, which greatly facilitated and accelerated private and business communication among people. It can be said that scientific and technological development and globalization have enabled people to connect from different aspects. They have also affected business operations and the entire industry. Namely, business operations are accelerated, simplified and facilitated because all the information for business decisions is easily accessible. Consequently, the emergence of globalization and the development of modern technology completely eradicates the boundaries of traditional industry, or traditional business, and create new business models in the modern industries. It can be said that socalled reindustrialisation influenced on appearance of the IT industry and industry 4.0. Within the scope of graduation, emphasis will be placed on the challenges of modern technology development on business models and industry, and on the positive and negative effects of scientific and technological development and globalization on modern management and modern industry.