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Business strategy
Effects technology has on business management.
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[QUOTE="King bell, post: 332213, member: 75687"] 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. [/QUOTE]
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