Computerised accounting system can benefit small business because all the transactions can be made by computer. Small business owners face the task of ensuring their accounting procedures are as accurate and efficient as possible. The best method they could use is computerised accounting system that can help them to record transactions more quickly than any manual processing. Complexity, value and volume Computerised accounting system can benefit them because it is an automatic document production, speed, accuracy and update information. Cost savings can be computerized accounting programs reduce staff time doing accounts and reduce audit expenses as records are neat, up-to-date and accurate.
The internet is much quicker than any other form of communication and is also very cheap. For example e-mails are completely free to use and are delivered to the recipient (however far away) in a matter of seconds. Also the developments in software like Skype have allowed people to have face to face conversations when they are miles away from each other. This could be very important for TNC’s trying to tell their bosses in HQ about the factory and its productivity. They could just show them around using Skype.
This means that the TNC can pay workers less, not worry about providing good working conditions. All of these factors greatly benefit TNCs because they can produce their products or components for a fraction of a price that they would have to pay in their country of origin. Another thing that has enabled companies to spread out over the globe is the fact that global communications and travel has improved. Emails make it much easier to communicate with colleagues in other countries and not have to worry about time differences. Satellite links have allowed people to have video meetings even if the people taking part are miles apart.
What are the benefits to businesses (and others) of using information technology for doing work tasks? The benefits to business of using information technology are that it saves time, allowing a business to work more efficiently and be more productive and also be more accurate. Information technology means a business can communicate faster with its clients, suppliers and potential customers. It can store large amounts information electronically including orders and accounts so takes up less room with filing and storage. Also the internet can be used to research thing quickly and easily, whether this is cheaper postage better quality raw materials etc.
My suggestion: In order to attract more customers and improve their financial performance, Calyx Flowers (“Calyx”) should increase internet advertising. Argument in support: • The internet advertising requires less capital than other options do • Internet advertising allows a more targeted market segmenting and higher target reach. • Online advertising avoids expensive long-term contracts, can be placed in a short amount of time, and can be launched on demand. i.e. Calyx can run a mass of online ads in a short period of time such as before busy holidays like Valentine’s Day and Christmas even on a relatively tight budget.
By utilizing internet surveys this allows Red Lobster to reach a much larger respondent base with the click of a button. This also allows the company to respond quickly to the customer’s needs and market shifts. Furthermore, it makes it much easier for the company to organize their data compared to traditional surveys. This dramatically reduces the man power and cost necessary to perform marketing research. Instead of spending the time and money to perform traditional focus groups, online focus groups and web communities can allow a mediator to get real time information without having to leave the office or inconvenience any customers or potential customers.
Role of Technology Paper Anthony Bando University of Phoenix BIS/318 Damien Edwards October 24, 2011 In today's business society, technology including hardware and software, is a critical role of all major businesses and corporations. Technology is essential in this current place in time to compete in the retail business. Technology can make the lives of a company easier as well as consumers who are willing to use it and save time and sometimes money. Technology can be in many different forms within an organization. Certain technologies enable customers and employees to communicate needs faster.
Technology and communication go hand and hand these days. Technology provides instant communication at your finger tips. Using technology can keep you in touch with people across the globe and make it seem like they are sitting right beside you, it is fast and saves time and money. Working in the business world you need to know how to use technology like; the web, e-mails, word processing, PowerPoint and many others. Customer satisfaction is on the rise in the workplace, having good customer satisfaction will help you do more business.
The identification of the company’s internal strengths and weaknesses internal strength good communication- since global operation, tightly coordinate their activities via online communication between team member and/or intra team member. high performance product - high quality of fabrics, medical products and next generation electronic product. self empowered team of employees. core believes: long term view in business situation, make and keep commitments, drove cooperation among individuals and small team. replaces traditional, hierarchical structure with flexible relationship with unique culture - continued to be an inspiration for associate - hamble, willing to share.
Gen X is Individualistic; they came from an era of two-income families, rising divorce rates, and a faltering economy. As a result, Gen X has shown to be independent, resourceful, self-efficient, and they value freedom and responsibility. Gen X is also Technologically Adept; this population grew up with computers and technology. They are able to better adapt to the changing technology that is being put into law firms and corporate legal departments. Generation X is more comfortable using PDA’s, cell phones, email, laptops, Blackberry’s etc... Gen X is a very flexible generation.