The Effects of Technology on Business

2473 Words Oct 18th, 2007 10 Pages
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 technology's 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
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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 day's advertising in a local newspaper. In addition, the Internet offers the opportunity with which to create one-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 a
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