Friday, October 23, 2020

Identify the past and the present influence of technology on business organizations.

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Compare the past & present influence of technology on business organizations.


Technology is becoming a greater factor in the business world today, In today's society organizations are forced to be competitive, it is becoming imperative that companies be equipped to integrate and assimilate information technology in ways that would encourage such competitiveness. With increasing competition, organizations need to strive to increase the value of money and reduce costs.


Information Systems are used effectively to increase production and stay ahead of the competition and to provide high quality customized products at a competitive price to customers all around the world. In order to facilitate the efficiency and effectiveness of the organization. Applications such as electronic mail, video conferencing, word processing, spreadsheet documents, voice- mail, along with document preparation, storage, and sharing are all available to employees over these systems. Electronic data interchange has been implemented to allow employees with quick and easy transfer of business documentation electronically, without manual intervention. Such paper documents as purchase orders, order acknowledgements, requests for quotations, quotes, shipping notices are now done over the computer to alleviate both time and distance. Such a system has advantages for the following reasons. 1. For faster speed of doing business. . Cost savings. Purchase order processing costs are one key source of cost savings. Some of these costs savings are due to the elimination of data entry errors that result from the re keying of data as they pass from organization to organization. . Improved customer/supplier relationships. Firms are increasingly dependent on each other to achieve competitive advantage, and Electronic data interchange creates partnerships between customers and suppliers and other strategic partners. Another step to automation is the training and education of employees. Different companies offer on site training or the possibility to take courses at their expense. Since technology is so widely used in the business organization, it is imperative that each employee be able to function at the same level, so not to slow any process down. With technology, our business organizations have found ways to improve the quality, performance, and look of their products. Post, Lawrence, Weber, described technology change as a "dramatic enhancement to our lives, work and health and that we may need to have limits or guidance in the business world, as well as government and society. In 16 mailing advertisements would cost organizations around $87,000 and in today's world the internet advertisers can reach the same amount of people for just a few cents on the dollar (Post, Lawrence, Weber, pg57, Business and society th edition 1) By constantly upgrading and ensuring our business world is on the cutting edge of technology.


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