The Effects of Technology on Business - 2473 Words

Summary The technological advances achieved in the past few decades have brought about a revolution in the business world, affecting nearly all aspects of working life. People can reach others throughout the world in a matter of seconds, with cost being increasingly irrelevant. Employees no longer need to be physically with their clients and co-workers; instead they can communicate effectively at home, at a distant office, across the world, and even in their car or on an airplane. With technologys penetration into every business function executives have seen first-hand how it gives them access to well-organized, quality information they can use to make better decisions, and how it fundamentally supports the day-to-day running of their†¦show more content†¦Tasks would have to be more objective or goal oriented and measures of job performance could no longer depend on face-to-face interaction, but rather would have to be tied strictly on the ability to complete assigned tasks. Commercial use of the Internet, and connectivity to the Internet by commercial organizations has grown rapidly. Even companies that have been connected for years are undergoing major changes in their usage of, and attitudes toward, the Internet. There has never been an industry, since the dawn of man that has attracted so much attention like the Internet and the World Wide Web. The benefits of business Internet use can be seen from a large-scale perspective (benefits to whole industries), localized perspective (benefits to a specific business), and even an individual perspective (benefits to clients/consumers). The Internet is the least expensive marketing tool available today, as well as the most cost-effective, relatively inexpensive, compared to other forms of advertising. A company can have their Web site built and up and running for a whole year for the same cost as one days advertising in a local newspaper. In addition, the Internet offers the opportunity with which to create o ne-to-one relationships with the prospect of building lasting relationships with consumers in a very personal and individualized manner. While implementation of information systems and technology in general can be aShow MoreRelatedWhat Effects to Wireless Technologies Have on Everyday Life and Business Life and How Do These Technologies Enable Widespread Adoption and Innovation?1182 Words   |  5 Pagescommunicate with people who have more access to technologies. Every part of the globe is now probably covered with wires that stretch for millions of miles. After this, the next stop was to make communications possible with wireless technology.1 Innovations in communication, particularly the development of wireless technology, have allowed people to reach out to virtually anyone wherever they are on the planet. 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