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.
Explain the term ‘globalisation’ and the role that multinational companies play in the development of globalisation. Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services and has therefore lead to increased trade between countries. This trade encourages countries to work together and removes trade barriers such as quotas and tariffs. This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country.
Lessens need to purchase “hard copy” of these. * Other competitors; Circuit City, CompUSA, Amazon.com, even Wal-Mart, Target, etc. * Possibility of losing customers to wholesale business. I think that for the most part Best Buy has lived up to their mission statement, because they are at the intersection of technology and life. I believe this to be true because they offer some of the newest technology in their store and it is place where people can actually interact with salespeople in real life.
Although the computer is fantastic in many ways and has helped improve civilization’s way of living, have people all over the world come to rely on this device too much? Computers make life far easier and many people living today probably could not function if they were sent back in time before computers were created. Although people are just taking advantage of the presence of this technology, people need to realize how to use it responsibly and not to overuse it. Computers let people communicate with each other in the blink of an eye. This revolutionary way of communication can help build relationships and bonds between people.
Technology has significantly impacted management operations as it is dynamic in that it is constantly updating. Technology ensures a business that it has a competitive advantage over rivals as it results in efficiency for the business increasing efficiency in areas such as communication and transportation. The development of robots, machines that have sensors, assures the detection of changes in their environment. These are also known as computer aided manufactures which benefit businesses in the long term as waged and
The manufacturing process is likely to become more efficient, increasing levels of output as well as increasing the relative quality of the product. This is likely to give the competitive edge to the particular product within its market, assuming that the products’ quality surpasses that of its direct competitors as the volume of sales would be expected to increase and as result market share is likely to follow suit. Funds which would be freed up from the rationalisation of the manufacturing process will be available to invest into certain departments of the company in order to increase competitiveness, such as marketing and product innovation. With more funds being invested in development it is reasonable to expect that the products will gain unique selling points and set them aside from competitors within the market, it is then likely to see a reciprocal increase in sales, again increasing competiveness. With the centralisation of the finance, I.T.
Having at their side another company advertising and selling their products will provide the opportunity to expand their market. In addition, this decision will provide clear information to the shareholders of the company’s intentions to grow and of its economic stability within the market. On other hand, merging with another company will definitely attract more customers and will increase their sales. These strategies will help in the company’s position before the globalization and will minimize the risks when important financial decisions are
The United States market is filled with many businesses that offer related products. Globalizing brings a lead to organizations because it gives the companies opportunities to cultivate and add to success of the
Firstly, maintain the speed of product development, especially in smart mobile devices. Secondly, improve the microprocessor compatibility among different types of computers and systems. Then, reduce the cost and expense, pay attention to a better financial statement. The last one is strengthen and expand brand awareness in international market. Make arduous efforts to attract attentions in the whole world since globalization is a key word in today's business strategy.
The strength of the brand is not only critical for sales execution; it also makes a fundamental beneficence to company appraisal and is thus worth its weight in gold. The BrandMaker Cloud Suite aims to provide a steady presence to the outside world based on slim marketing processes and extremely cogent communication. The Brand Management Portal and Reporting Center modules are specially tailored for the needs of brand management. Stack up against personnel, production, finance, and other corporate planning, at medium-sized and large companies marketing planning is frequently still done using spreadsheet software. However, marketing planning and budgeting is an elaborate process, which ascertains process-oriented work, collaboration, and a scalable infrastructure.