Information Technology for Business Success: the new way to communicate There is no doubt that the present time is the Technology era when the use of technological inventions dominates all different aspects of life: computer, cellular phones, world wide web, radio and satellites. That is, technological inventions have improved. Storing information, sending and receiving messages, electronic governments, distance education, health services and business. With the intervention of Information Technology, the means of communication in business which is a very important field in modern societies including banking, shares market, marketing, trading has been intensely changed. This essay will argue that Information Technology has positively changed communication in the business world. Information Technology implications have enhanced the ways businesses communicate in business areas including marketing, stock market, shopping and banking. Communication modern technological tools that have been enhanced by Information Technology are having an impact on changing the very structure and communication of banking. That is, clients are enabled to make their banking transactions whenever and wherever they want. Bank clients, by just logging on their online account, can transfer any amount of money from their account to any other account, check their last processed banking transactions and apply for loans and other banking services. According to Keyes ( 2000, p.591) 'electronic checks provide consumers with the benefits of convenience and safety while allowing billers to maintain their existing depository relationships with their banks'. Further, e-mails has enabled bank employees to notify their customers of any new enhanced bankin... ... middle of paper ... ...lude Internet pages, home phones, mobile phones and the like which facilitated communication means between marketing agencies and clients all over the world. Indeed Information Technology contributed in the communication revolution that occurred in many fields like business and will still facilitate means of business transactions management. 6 List of reference Janal, D 1998, Online marketing handbook, John Wiley & Sons, New York. Keyes, J (ed.) 2000, Financial services information systems, CRC Press LLC, Florida. Li, F 2007, What is E-business ?: how the Internet transforms organizations, Blackwell Publishing, Oxford. Zeleny, M (ed.) 2000, The IEBM handbook of information technology in business, Thomson Learning, London. Shannon, T & Heinemann, M 2004, Business communication & technologies, Johny wiley & sons, Queensland.
Evolving communications technology has changed the way business personnel communicate within an organization. The use of technology allows companies to be more dynamic and adaptive to changes by allowing instantaneous communications via interconnected computer networks. This dependency on information and communications technology has evolved these emerging technologies as crucial tools for providing operational support to business communications tasks (Wilkinson, 2006). Remaining competitive is a primary goal of organizations and effective communications help companies achieve this goal. Competency in communications is considered the root of success for many activities including planning, organizing, team work, and leadership (Waldeck, Durante, Helmuth, & Marcia, 2012).
during the late 20th century, mankind hit an unprecedented surge of technological advancement and innovation. From the 1980s onward, our level of technology- especially communication-based technologies- increased exponentially year by year, giving us inventions (and their subsequent additions) such as the mobile cell phone, the Internet, email, instant message and social media platforms. In fact, the advent of the Internet and social media has created a smaller, wired world wherein an individual can communicate with someone from across the world in the blink of an eye.
Schultz, D.E., et al., 1994. The new marketing paradigm: integrated marketing communications. NTC Business Books, pp. 105-156.
Technology has influenced the business communications largely as time has moved on. Businesses where often using flyers and eco destroying ways to further their businesses and get consumers but now that they have the internet it is easier for them to just have an email subscriber list and send ads that way. Also they can expand their businesses to farther away places. For example if a company was based in the United States they could send advertisements to people in China, Australia, etc. and become a worldwide brand. The internet is large part of what is branding business today and making them a big part of the world today. Businesses are using their advantages of the internet to further themselves.
Globalization and advancements in the internet and information technology laid paths to new ways of communication. Countries separated through oceans united through Internet and Web. Gone are the days where data and information was stored on papers. Now, everything is stored electronically which is more reliable and secure.
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
Laudon C. & J. Laudon (2003: 5th edition) Essentials of Management Information Systems. London: Prentice Hall International Limited
The internet has revolutionized all forms of communication since the beginning of its existence. The world has now become smaller' or more like a global village', so to speak. The internet was first used by the U.S military for communications purposes. The internet, from the communication point of view, has brought on new developments and techniques to keep in touch not only for individuals, but for businesses as well. An example of how the internet has impacted communication would be an example of doctors now communicating through live video feeds via the internet with patients or other doctors to diagnose patients or to even guide and advise surgeons through complicated procedures.
Advances in technology have changed businesses dramatically, in particular the communication and information technology that are conducted in firms, which changed the appearance and pace of businesses over the past few decades. ICT in particular, has evolved a lot over the past 30 years; important information can be stored in computers rather than being in drawers enabling information to be transferred at a greater volume and speed (Guy, 2009). ICT has also expanded various forms of telecommunications and workload conducted in businesses, internet examples of this include: e-mails can be used to communicate with others...