Effects technology has on business management.

[Axis]

Throughout the years it is possible for us to see and to notice the effect that technology has on the management of various businesses that individuals established today. Long before now majority of individuals engage in business by using old and done-away methods of managing business which involves the use of paper books and pain to record business data which usually lead to erroneous delivery and mistakeful results. But with the use of technology business management has become way more easier in the sense that business managers are able to have access to effective business figures and records long as it is being stored in the business database and algorithms.

Business data accounting and retriever has also become easy with the use of technology as computers and computer-based gadgets have been made in provision for business owners. Effective control in business has also been made possible with the existence of technology as goods and services can be transported from one area to the other in order to meet the needs and wants of members of the country. Technology has also added to the first production of goods and services so as to ensure quick availability of goods and wants for members of the public which have insertable desires and needs.

 

[King bell]

Business management is affected highly by technology, therefore improving communication, efficiency and productivity, data management, remote work, globalization, customer relationship management, supply chain management, strategic decision-making, cyber security challenges, employee training and development operational dependency and adaptability to change. Instant communication through multiple channels enables faster decision making processes, seamless information sharing and better coordination among team members. Efficiency and productivity are enhanced through automation of repetitive tasks, project management tools and advanced analytics. Advanced analytics help businesses analyze big data sets to gain insights on customer behavior patterns, emerging market needs or the firm’s performance. This in turn enhanced employees' satisfaction hence remote work and flexibility as well as a wider pool of talents. However, increased reliance on technology may also expose organizations to cyber security risks thus necessitating that firms become agile in response to quick shifts in BPs and models.

 

[Good-Guy]

I think that there are many reasons why technology could have a really major impact on many different kinds of businesses. The fact remains that now people are starting to recognise the effects on technology. This means that technology has proved to be a medium that could have a really positive effects on business.

Technology has made businesses much more flexible

Just think about this! In the past, many people used to rely on telegraph. However, now that has changed a lot. Now people use many different kinds of system so that they could communicate with others. Now people use electronic devices to communicate with each other. We use smartphones and modern computer for that.

Technology could also help you market your products

This is also one of the major aspects of technology when we talk about business. We use smartphones and now companies know that it is much easier to target people through marketing by reaching them through smartphones. This is why they have been advertising on phones and using many applications for that.

Technology has made business much easier

Social media platforms have been a really major development and this has been a really huge part of business as well. This has made business and marketing much easier as of now. So, we can say that technology has changed business a lot.