example of business technology

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The authors found that small business is handicapped without the assistance of these organizations; the technology assistance assists the small business owner to compete with larger organizations (Alexander, Gibson, Lancaster, & Pryor, 2011). Technology has opened up new doors of possibility especially in the area of training. Similar to how a consumer would shop for a new car, managers have to fully understand all the ramifications while shopping for technology. Additionally it is important for businesses to understand new technological advances and how they can affect the organization ether positively or negatively (Ramsingh, 2012). There is some form of technology in every department of an organization. Have not found what you were looking for? The Digital Age has reshaped the landscape of business forever; however with the transformation new problems arise. Dilemma of Technology Shifts. It has been shown that business practices are affected in every area of an organization from hiring to firing; new innovative technological ideas have improved companies infrastructure and management processes. Society . (2014). In the past companies expended large amounts of their budget to travel to exotic places and conduct seminars and conferences. Talent . Overall it was determined that technology had a definitive impact on an organization and that it was important to the business model to incorporate various technologies in order to streamline the company. Since hoteliers typically were used to telephone or in person booking it was difficult for them to see the need in adopting an online tool or website. The question of help or hindrance does present itself; based on how managers use technology in their everyday processes. Technology or Travel. Business practices are affected in every level whether marketing, merchandising or human capital; new innovative technological ideas have improved companies infrastructure and management processes. The use of a quality hypothesis was also used and the data was able to either prove or disapprove the claim. Small Business . You can set automatic reminders and updates so that you don’… The next point of research focused on the value of technology in business; four scholarly articles were reviewed and summarized. Towards the end of World War II International Business Machines helped the war effort by manufacturing a device that could translate encrypted messages. Managers can save considerable resources with the use of online training, specifically webinars or video conferences. Business technology refers to applications of science, data, engineering, and information for business purposes, such as the achievement of economic and organizational goals. Utilization of Technology in Small Business, Small business has the same opportunities as large organizations in their ability to utilize technology. Value of Technology in Business, The question of value is an appropriate one while addressing the subject of technology and business. Al-Adwan, M., & Almashaqba, Z. M. S. (2012). Universities began to teach keypunch and data processing along with programming. European Journal of Innovation Management, 16(3), 285-300. doi: http://dx.doi.org/10.1108/EJIM-10-2011-0085 Correia Pereira, P. A., & García Medina, I. I. In a recent study the researchers addressed the question of positive and negative feedback through the use of social media. Or if you need this sample for free, we can send it to you via email. By continuing we’ll assume you’re on board with our cookie policy, Get a custom sample essay written according to your requirements urgent 3h delivery guaranteed. Businesses are tasked with adopting the newest form of technology or face adverse market conditions. Another point of discussion was how small business had the ability to gain assistance from government entities which afforded them the same opportunities that larger organizations have. There are various forms of online training, whether webinars, web conferencing or other similar ways technology has allowed companies to actually increase the amount of training while minimizing costs. The study researched various forms of alternatives for travel some of these included teleconferencing, web conferencing and videoconferencing since they appear to be a viable substitute for travel. Technology support for small businesses. Small business has much to gain from the use of technology; however it is important to note that some business owners are determined to manage their businesses without it. The authors stated that many small businesses would like new technology however they want to do it with the least start-up costs and to reduce the impact on the environment (Bressler, Bressler, & Bressler, 2011).

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