StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

How Technology is Changing the Face of Business Today 2 - Assignment Example

Cite this document
Summary
Technology has transformed business activities because of its central role in facilitating the exchange of goods and service delivery. This has led to…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
How Technology is Changing the Face of Business Today 2
Read Text Preview

Extract of sample "How Technology is Changing the Face of Business Today 2"

How Technology is changing the Face of Business Today How Technology is changing the Face of Business Today The introduction of technology, particularly information technology, has led to changes in business processes and transactions. Technology has transformed business activities because of its central role in facilitating the exchange of goods and service delivery. This has led to a situation where companies have been forced to adapt to the changing technological landscape (Shin, 2003). For instance, businesses such as Netflix, which offer online media content to viewers has led to a change in market competition, and the way viewers access content.

This company has also created a new segment for retailing entertainment products such as movies and television series.Technology has changed the face of business, through its ability to advance communication and reduce barriers to business opportunities. Technology has provided a platform for the transmission of crucial information for consumers and business people (Simon, 2011). The storage of information on computer files and virtual spaces has increased the accessibility of information to parties involved in business transactions.

Additionally, the use of technological approaches such as e-mails allows businesses to communicate with remotely located people, offices and customers. Netflix is one of the companies that rely on information systems to conduct its business. The most crucial business process that relies on information systems is internet video streaming. The business provides internet video streaming to internet connected devices. These devices have access to online content provided by the firm (Jin, 2011). In order to offer this service effectively, Netflix recognized the need to use information systems.

Customers do not have to purchase video discs from rental services. They only subscribe to Netflix, which gives them the content through an online platform. Technological approaches and innovations have led to changes in how businesses are conducted. Technology provides a platform for increased accessibility of information and increased ease of transacting a business. Companies such as Netflix have harnessed the abilities of technology to offer their customers exemplary services and products.

References Jin, Z. (2011). Global Technological Change: From Hard Technology To Soft Technology.Shin, N. (2003). Creating Business Value with Information Technology: Challenges and Solutions. Hershey, PA: IRM Press.Simon, P. (2011). The Changing Landscapes of Business and Technology. New York. John Wiley and Sons.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“How Technology is Changing the Face of Business Today 2 Assignment”, n.d.)
How Technology is Changing the Face of Business Today 2 Assignment. Retrieved from https://studentshare.org/management/1651798-how-technology-is-changing-the-face-of-business-today-2
(How Technology Is Changing the Face of Business Today 2 Assignment)
How Technology Is Changing the Face of Business Today 2 Assignment. https://studentshare.org/management/1651798-how-technology-is-changing-the-face-of-business-today-2.
“How Technology Is Changing the Face of Business Today 2 Assignment”, n.d. https://studentshare.org/management/1651798-how-technology-is-changing-the-face-of-business-today-2.
  • Cited: 1 times

CHECK THESE SAMPLES OF How Technology is Changing the Face of Business Today 2

Role of IT in today's business

Moreover, IT role in business today has become ever more necessary for all businesses to slot in information technology related solutions to manage them in a successful way.... Information technology is at the present common in every walk of life and every kind of corporation is using some kind of information technology in order to carry out its business activities.... Instructor name Date Role of IT in today's business The current era is known as the age of information technology and the integration of contemporary and up-to-date tools and technologies (such as e-business, e-commerce, etc) into the business sector make the overall customary business practices more effective and easier....
5 Pages (1250 words) Term Paper

HRM in Supporting the Adoption of New Technology in Organizations

Introducing any form of technology in any organization faces many challenges, some of which include: Lacking executive supportProject resources which are minimalLittle employee buy-inLimited company budgetsDiscussion and AnalysisThe market environment is becoming more competitive and constantly changing the role played by the Human Resource Manager hence the recognition that Human Resource Management should play a role that is more strategic for any organization's success.... today, systems have become more sophisticated, aimed at the efficiency and productivity of a particular organization....
4 Pages (1000 words) Essay

Innovations management in organizations.Eastman Kodak Company

today, organizations perform in very dynamic environments.... For example, technology keep on changings, new risks keep on emerging, and competition keep increasing as new players join the industry in which these organizations operate among others… In order that organizations keep up with these changes, innovative problem solving techniques are required; otherwise organizations which do not embrace keeping up with these changes risk being edged out of competition by their rivals today, organizations perform in very dynamic environments....
4 Pages (1000 words) Assignment

Ecological Technologies in Business

Information systems or technology has always been working in alignment with the needs of business in the form of software and hardware.... he necessity to align this technology with the business is so the threat of business transformations occurring today at rapid speed can be tackled.... The paper " Need to be Green" presents that in today's world, the most common word heard in the world of technology is Information Systems.... hellip; If the overall impact of the emerging technology is assessed on the business performance then it can be said that companies with old infrastructures or systems have a hard time keeping up with the firms that constantly align their business processes and needs with the ever-changing technology that not only improves their performance....
5 Pages (1250 words) Article

Customer Relationship - discussion

However, this is rapidly changing as more people today embrace technology.... ?This is a case of cold calling, which is common in the business world today.... I prefer a sales person who values and respects the time of their clients understand their clients' business needs and offer them good solutions.... Do Short Reply/response to this: At times, I received call and/or emails associated with the business that Im doing business with....
2 Pages (500 words) Essay

How Technology is Changing the Face of Business Today 1

Technology is playing a critical role in the face of business today especially in increasing sales and profits as demonstrated by the Walmart and Amazon stories.... It, Technology and Business Technology and Business Technology is playing a critical role in the face of business today especially in increasing sales and profits as demonstrated by the Walmart and Amazon stories.... It, thus, introduces email and internet marketing where the operation of the business is presenting in an entertaining way....
1 Pages (250 words) Assignment

Leading in the Fast-Paced Modern Business Environment

Central in creation of value is knowing where and how to respond to societal demands in terms of the daily running of business.... With the evolving purpose of the business leadership role, modern leaders must approach their work with a different perspective, lead change across & beyond the boundaries of business and effectively work in collaboration with relevant stakeholders in achieving the missions (Gitsham and Wackrill, 2012).... This An essential requirement for the business leader of today is to clearly understand major societal and environmental forces that shape business....
4 Pages (1000 words) Research Paper

Face To Face and Mediated Social Interaction

While technology provides people with the opportunity to former geographically large networks, the social aspect of communication are lost and key features evident in the face to face communication have also disappeared.... The paper "face To face and Mediated Social Interaction" highlights that in the last two decades of the 20th century, the digital information technology emerged creating a platform for the society to network socially, economically and even politically....
7 Pages (1750 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us