As everyone knows it well that it is an era of technology and this technology also plays a critical role in
business management.
Over the decades almost every kind of businesses have turn out to be reliant on technology so much with the intention that if we were to cart off that technology practically all business actions around the sphere would approach to stop operating completely. It is also important to know about business management before discussing the role of technology in it. Business management can be described as the act of bringing definite people collectively and support them to attain a most wanted aspire by using available resources and it more often than not rivets forecasting, enrollment, organizing, controlling, and leading a certain cluster of people who carve up the identical objectives. Another way to describe it is business management is; the course of mounting the procedures, plans, strategies, and policies that steer a business on both short term as well as long term basis and it engrosses synchronizing fiscal and material resources to attain objectives for an organization.
Technology becomes necessity for every kind of business management:
The role of technology in business management becomes an origin of terrific expansion in
trade and retail. All the concepts and models of business are revolutionized
with the development of technology and it gives birth to new and better
approaches as a result and this technology also increases the profit. With the
help of technology one can perform transaction much faster and in more
efficient and convenient way. Computers and even calculators take birth due to
technology and now -a -days it is almost impossible to perform business
transactions and keep record of those activities without them. Before the
development of technology people do all the work manually and it was very tough
to keep the record of all business transactions for a long period of time. In past
decades sometime it become really tough to find some records at times because
of manual writing but at present it becomes easy to find a data that is saved
in soft copy on your system.
Faster transactions with the help of technology:
Due to the development of technology business activities can
be performed at much higher speed because technology provides, at most of
times, automated processes and in response productivity reach at its high level
and also produced much better products in comparison with the products that
were produced in past. It is also become easy to store the record of business management of an organization by using technology.
Sensitive and confidential records of organizations also become safe and less
prone to vulnerabilities. If a person mistakenly
lost that record, he can retrieved it back as well. Devoid of this technology the thought of globalization would not have
turn out to be an authenticity. At present all ventures have the latent to set
out internationally by the usage of the internet. In other words one can say
that one can expand his business only by using technology.
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