Preview

Assignment 1: Utilizing Technology In Business

Better Essays
Open Document
Open Document
906 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Assignment 1: Utilizing Technology In Business
Utilizing Technology in Business
RES351
October 13, 2014
David Fogarty
Utilizing Technology in Business
In today 's world, everything is in done electronically. From sending Emails between friends, updating statuses to being important to keep a business up and to run. Managers could use technology to keep up with the competitors. In this paper, we will discuss how technology is used and how to determine how much technology is useful or if it is more harmful. We will so be discussing the different methods that will help people come to the conclusion wither it is useful or harmful. By The end of this paper, you will come to the conclusion that this research is necessary to determine if technology is worth using despite the risks.
Opportunities
…show more content…
In a recent survey, 71% of small business owners claim that the computer is the most important piece of equipment. The most important aspect of technology is a company 's need to communicate with its customer and employees as quickly as possible. If your company is spread out over a large area, you are still able to communicate and resolve issues quickly. With the advancement of wireless technology, business does not need to be conducted 9-5 or even within an office setting. Today people can get information on a Smartphone and can conduct business anywhere you can get a wireless internet connection. Business research can help a company decide if they have the proper technology to keep up with their need. By monitoring process, collecting data, evaluate the data and review every process a company can decide if they have the correct technology they need to run their …show more content…
The boundaries of technology are limitless as it is constantly conforming to the demands of the company. Businesses can communicate with employees, business partners, and more importantly, the customer in real time. The majority of businesses rely on technology as an essential tool to maximize daily functions. We have concluded that it is imperative for companies to research their business by monitoring processes, collecting data, evaluating the data and reviewing every process to ensure that the company can operate at full capacity. The usefulness of technology in the workplace outweighs the

You May Also Find These Documents Helpful

  • Powerful Essays

    Business Case for Investment

    • 2337 Words
    • 10 Pages

    Learning Team A has been assigned to put together research, facts, and supporting documentation for how an organization should consider, plan for, and implement new technology within the business. The paper will examine different technologies that are available to existing businesses and whether it is worth the effort, time, planning, training, and mostly importantly cost, for the organization to implement any of these new technologies. The assignment will consists of four major parts; prototyping environments and processes, testing design to include procedures and standards, sources of accessibility, and integration. A business case for investment will be made in favor of the new technologies.…

    • 2337 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Many times people do not realize the difference that technology can make within an organization. Technology plays an important role in how ethical standards and guidelines are presented and supervised by management. The reason for this is that technology proves management with tools for this purpose. Technology can add good assets to any company but can also cause complex situations as well. More technology means more learning and everyone must be willing to keep up with the advancement of technology in order to grow within a company. Human resources also play a major part within a company in the way they utilize technology for the better of the company. Technology adds many good factors in the communication within in a company because it allows the communication to…

    • 1597 Words
    • 7 Pages
    Good Essays
  • Good Essays

    The advent of technology in the workplace has revolutionized the way the world does business. This is true with computers, which sets the stage for the technology globally. Global businesses can now be run by a single person, and a single computer can do the work of thousands. Large organizations have taken advantage of cutting-edge technology and developed powerful tools to help them harvest, analyze, and disseminate information, in order to make them more competitive. Human Resources, Marketing, and Accounting are just a few organizational departments running “smart” applications to run the business more smoothly.…

    • 720 Words
    • 3 Pages
    Good Essays
  • Better Essays

    All walks of life have been affected by technology as it has become a vital piece of our everyday living. To name a few, doctors, students, and business people depend on technology everyday to complete normal, everyday tasks. Organizations have improved their business practices with technology. Technology has become the means to controlling the world in which we live; as without technology, simple tasks we accomplish daily would be deemed mundane and take up too much time. This paper will concentrate on…

    • 1105 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Technology Within Business

    • 1322 Words
    • 6 Pages

    Firstly, by having technological advancements as the most imperative goal in businesses it can result in a dependency on technology. Dependency means that the company’s main reliance is on technology in order to function. Therefore if the technology fails then the business can become unsuccessful. For example this reliance on technology was made evident when the computers that ran the power for Melbourne tunnels failed in October 2012 and resulted in the Melbourne tunnels being shut down (ABC, 2012, para 1). On the other hand, technology can result in a more efficient workplace and work environment. For example Intel has increased their productivity through wireless notebooks by five percent per employee (Rungta, Tierney, Towles, 2008, p2). However when technology does breakdown it can cause larger problems such as, a loss of customer reliability and data los. This was made evident when a fault occurred in Commonwealth Bank Automated Teller Machines and online banking system in March 2012 and resulted in customers being able to overdraw their account (Zappone, 2012, para). Therefore, organisation’s need to focus on strategies that allow people to work with minimal technology. Hence, it is evident that companies should not depend on technology because it is not always reliable and can negatively affect a businesses performance. Therefore technological advancements should not be imperative for a business today.…

    • 1322 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Technology has changed us and even the way we work. It brings a huge number of benefits making our work more fluently and effectively. Going nowhere, we can still send and receive information, documentary right away within a few seconds by just a simple click. And of course, a lot of time and money would be saved. Therefore, people have more time to relax or carry out another work. Technology is a multi-tasking device which can replace books and other resorces by finding tools, a phone by social networks( facebook, instagram,ect.), mails by emails, television or radio by Youtube. All you need is just a computer to satisfy your demand. Moreover, computers are possible to link to each others. By this way, managers are able to supervise staff's work immediately and effectively.…

    • 258 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The digital revolution has mainly three properties of the wicked problem. The digital revolution has no stopping rule (Camillus 2008). Since the digital revolution represents the third industry revolution in the history, people are very dependent on the digital products such as the internet and advance it because the digital revolution has played such an important role in people’s life. Take the Web e-commerce intermediaries as an example, the e-commerce intermediary connects the clients and the providers through the internet because it is very convenient, many transactions like the purchase of goods are accomplished on the internet (Perset 2012). Since the digital revolution cannot be replaced and benefits much at present, the search for it will never stop. In addition, there is no doubt that the digital revolution is unique. The digital revolution can be seen as a process of the development of the society. It is the revolution which is behind the mechanical and electronic technology. Since then, human began to use a new tool called the internet and many new communication ways are created to change people’s life. This is the experience that people never meet before because of the development of the science, so the digital revolution is unique. Finally, the organizations now all need to utilize the digital tools in order to increase the efficiency. If not, they may lose the business opportunities. However, the employees may use the digital devices to for personal use such as the computer games or personal email, which are easy to be found. Such non-work related activities have several adversely influences. On one hand, the fact that people’s personal action can be easily monitored means that they have difficulty to keep their…

    • 664 Words
    • 3 Pages
    Good Essays
  • Good Essays

    New technology is mysterious and like a new born baby. “The early stages of technology’s development are relatively skill- and- labor intensive” (Hoover, 1948; Utterback and Abernathy, 1975; Nelson and Norman, 1977; Markusen, 1984; Bartel and Lichtenberg, 1987). The company has to review the technology, read and see the capabilities of the technology, and make a decision if the new technology being reviewed is right for the demands of the company. Once the technology professionals make the decision to purchase the technology, the managers must determine when and how to introduce the technology to the employees and how to train the employees for the use of the technology. Technology is often implemented to make the quality of work-life easier and more productive. As a manager of a technology dependent organization, the proper introduction and implementation of the selected new technology becomes a success if done in the correct steps.…

    • 1050 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Contemplatives in Action

    • 865 Words
    • 4 Pages

    Technology is a tool with which we can manage and preserve our natural world, provide products, foster growth, support those in need, and to educate and protect ourselves. Scientific advances allow businesses to use technology to reach goals more easily and more completely than ever before. Information technology is powerful, and without proper control this power can create a lot of damage. It can be abused by those who do not contemplate their actions or perform self-audits in their organizations.…

    • 865 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Every functioning business in the world today uses some sort of technology in order to help them accomplish their goals. Before the age of technology, it was much harder for businesses to thrive because it was harder for them to advertise to their customers, communicate with their business partners, store information, and much more. Today businesses have all those things, and it has never been easier to start up a business, maintain it, and have your business prosper because technology is there to help. Technological advancements have made positive impacts in the business world in ways such as computers, transportation development, and smart phones.…

    • 2985 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Too Much Technology

    • 286 Words
    • 2 Pages

    to decline also occur when using the computer for too long. Besides, the new studies…

    • 286 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Because of technology, business has been able to advance in such ways that associates can communicate across the globe without ever leaving their respective offices. They can send information instantaneously, download important documents, and a number of other things. Consider how emerging technology has impacted business in the following ways:…

    • 568 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Technology

    • 577 Words
    • 2 Pages

    Technology in the workplace improves the efficiency of screening, recruiting and hiring potential candidates. Businesses utilize the Internet to spread the word about the organization and advertise job openings. Hiring managers can target candidates by using digital advertising technology that tracks the websites they visit. Technology like personality assessments and screening tools allow businesses to determine whether a potential candidate is an appropriate fit for the organization. Technology in the workplace practically eliminates space and time. Video conferencing technology lets businesses on any part of the globe interact with one another. Technology reduces travel costs because businesses can set up virtual meetings and distribute data without the need to be in the same room. Technology allows businesses to establish a global presence at a fraction of the cost. Office technology saves times by speeding up the work flow process. Digital filing systems save space, paper and printing costs. The use of computer systems allow corrections to be made instantly. Technology plays an important role human’s life and also has developed day by day.…

    • 577 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Awtsupaytsu

    • 6427 Words
    • 26 Pages

    In the state of the industry today, business corporations, companies, and institutions use computers to improve transactions, work, record keeping, and knowledge-sharing in the organization. These organizations use systems to make work more accurate, fast and efficient and these systems that are being used today are the results of the research that are conducted by programmers and IT professionals. These people specialize on making systems that simply makes life simpler. Almost every large organizations use systems not only to improve their way of work but also to innovate themselves. This gave the students an idea to conduct a research about a new company or organization in the industry to help them improve and innovate their way of work.…

    • 6427 Words
    • 26 Pages
    Powerful Essays
  • Good Essays

    Chapter1

    • 1008 Words
    • 4 Pages

    Technology’s role now a days seems like a must for almost all of the people around the world. The fact that people are so busy that they will find ways just to save more time and more effort to accomplish more important things. Technology helps people to get through with that. So instead of using the traditional ways or manual ways they used to, people prefer and choose to use computerized systems to solve such problems.…

    • 1008 Words
    • 4 Pages
    Good Essays