More on the agenda Any business is a risky endeavour with an uncertain life expectancy.
As the years go by, the business world is leaning more and more toward it, making it almost impossible to separate the two from each other.
Innovation breeds business, and since technology paves the way for it, it can be gathered here that business needs technology to be sustained.
Business has always existed since the early times of man.
Even though it only began with the simplistic barter system, business would not be the same as it is today without the advancements in technology. All the major industries would fall into a catastrophic collapse if one were to take away technology from business, since majority of business operations and transactions somehow involve the use of technology.
Technology as a Business Necessity The role of technology in business caused a tremendous growth in trade and commerce. Business concepts and models were revolutionized as a result of the introduction of technology. This is because technology gave a new and better approach on how to go about with business.
It provided a faster, more convenient, and more efficient way of performing business transactions. Some of actions of technology in business include accounting systems, management information systems, point of sales systems, and other simpler or more complicated tools. Even the calculator is a product of technology.
It is indeed unfathomable to summon the idea of going back to the days where everything was done manually, which basically means starting all over again from scratch. Security and Support With the automated processes that technology can provide, productivity reaches a higher level.
This is due to the minimal resources consumed in processing business activities, allowing room for better products produced and faster services delivered to more clients and customers.
Information is also stored with ease and integrity. With this, confidential and sensitive information are less prone to vulnerabilities. The said information can also be instantly retrieved and analyzed to monitor trends and make forecasts, which can be crucial in decision-making processes.
A Link to the World Business involves communication, transportation, and more fields, making it a complex web of processes. The technologies pertaining to other fields only pushed business further.
Globalization has been realized because of the wonders of technology. Anyone can now do business anywhere within being constricted to the four corners of his room.
Technology in business made it possible to have a wider reach in the global market. The basic example is the Internet, which is now a common marketing tool to attract more consumers in availing products and services offered by various businesses. Indeed, technology in business ultimately made living worthwhile.
It cannot be denied though that technological threats to business are growing rampant, such as hacking and other malicious activities, so one has to be responsible enough in utilizing the power of technology. The good that technology brings has some excess baggage in the form of bad things that threaten to shake the business world.
In the end, it is still responsible use of these that would further allow us to enjoy the benefits that technology can bring.Shapiro, () started that, coaching sis highly effective, being job related. This process is essentially the most direct and effective way for one person to influence the behaviour of another.
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May 14, · Resource management plays a crucial role in business success. When it comes to medium or large organisation, it is very hard for the top management to manage all the resources manually. We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business.
The role of a manager in a business setting is to coordinate the various aspects and activities of a business to achieve desired goals and outcomes.
In order to achieve these goals, a manager must fulfill many roles.