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TECHNOLOGICAL IMPACT ON BUSINESS ENVIRONMENT


ALAN OVIATT

Technology has transformed the way individuals conduct business by allowing small companies to level the playing arena with large organizations. In fact, small companies use an array of tech in order to develop competitive advantages in the economic marketplace emphasis Alan Oviatt.

Entrepreneurs can consider executing business technology in their forecasting process for efficient incorporation. This allows tycoons to improve operations and functions using the most operative technology available.


TECHNOLOGY


IMPACT ON OPERATING COST

Businesses can use technology in order to reduce the operating cost. These days companies can sell their products or services online, means they do not need a brick and mortar storefront.

Furthermore, the cost of startup has dropped dramatically as every individual can launch a venture from home says, Alan Herbert Oviatt. Plus, the enterprise software allows businesses to automate back-office

operations like accounting, record keeping and payroll.


IMPACT ON HUMAN RESOURCES

Professionals have long forecasted technology will soon change many of the jobs done by humans. Today’s students are stimulated to get ready for technology-based works like data analysis, computer programming etc. Technology has also changed employing process, with the internet permitting employees to do their job from home or another remote location.


IMPACT ON PRODUCTIVITY

Implementing different technologies increases the employee’s productivity. Computer programs and business software let workforces to process more information than the manual method. Moreover, the businesspersons can also implement technology to lessen the amount of human employment in corporate functions. This allows businesses to evade disbursing labor costs along with employee profits, Alan Herbert Oviatt says.


IMPACT ON CUSTOMER OUTREACH

Because of social media and internet, it has become easier to reach a huge amount of customers. Small business owners can use social media platform and do-it-yourself website tool in order to increase the customer outreach.


IMPACT THE WAY OF COMMUNICATING

Business technology helps businesses advance their communication processes. Emails, texting, websites and apps, for example, facilitate improved communication with patrons. Numerous types of communication technology let companies drench the financial market with their message.


WRAPPING UP

Todays, technology is shaping the future. The technology continues to progress and impact the way industry leader hire, market, budget and defend their investments. Above are some of the ways by Alan Oviatt, how technology is impacting the business environment. The professional is a great analyst and creative writer with versatile skill set.


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Technological impact on business environment  

Businesses can use technology in order to reduce the operating cost. These days companies can sell their products or services online, means...

Technological impact on business environment  

Businesses can use technology in order to reduce the operating cost. These days companies can sell their products or services online, means...

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