As the world continues to globalize, so is the need to incorporate new technology in the business realm. It is necessary for the strategic management and importantly, a key determinant of the organizational performance. For instance, it increases efficiency besides reducing the human resources required. That way, it offers a competitive advantage for the business leveraging on marketing performance as long as management proficiency prevails (Peppard, 2000). Notably, the forecasting and life cycle limitations in the firm can post profound and consistent adverse effects as far as the success of the business is concerned. In that regard, use of technology acts as a remedy.
Networking is vital in building businesses. However, doing it carelessly can jeopardize the hard labor of managers. Thus, it is important to do this right. Some of the network activities include internet chat rooms, online forums, networking websites, attending trade meetings and message-posting on mailing lists. [“Write my essay for me?” Get help here.]
Internet chat rooms have facilitated telecommuting in many companies. Currently, they focus on leveraging on the web technology in ensuring that telecommuting creates a socially viable option for work arrangements. That way, telecommuters would feel part of the organization. The reason behind this is based on the fact that they use the internet as a medium of information sharing based on communication of one-to-one or even one-to-many. As Castells (2002) asserts, this negates its current view as a place where telecommuters spend considerable time in talking with friends rather than working, but a place that connects the organization’s cultural and social fabric. It has helped many companies to realize that old rules are no longer applicable in an on-line world.
By participating in the networking websites, organizations would be sure to interact with a vast population of users. Thus, it provides them with a platform to market their products. Research indicate that many companies that use social sites to promote their business experience tremendous growth as they open many channels of accessing customers. So is the case with other online fora.
Importance of Continuous Improvement
It is a long-term strategy that seeks to improve the business regarding flexibility, quality, customer satisfaction and the speed with which organization avails their products to the market. While this can range from the simple daily changes in an organization to major shifts in procedures and focus on a global structure, it requires the right strategy to realize success and keep abreast with it. Continuous improvement is important in that it keeps customer satisfaction in the loop, by ensuring quality is never at stake. As the satisfied customers continue to buy products of a company, they end recommending it to others. In the long run, the company enjoys better returns. [Need an essay writing service? Find help here.]
Additionally, through continuous improvement, the product development team can enhance the existing products ensuring they consistently meet the ever dynamic customer requirements. That way, companies, through continues improvement, enthusiastically maintain their market share. According to Chapman and Corso (2005), both the new product development and innovation play a central role in making market breakthroughs.
Even more, organizations that maintain high standards of production through continuous improvement keep their reputation. When prospects review companies, this gives them great chances for winning companies as potential suppliers. In a nutshell, vendors are ranked based on their reputation, financial performance, status in the industry and opinion polls. Through continuous improvement, companies would be sure to maintain their public relations hence their awareness and reputation alike.
Software describes the various programs that run computer and related devices in a specific manner. They come in three main categories; application software, system software and programming tools (Smith & Nair, 2005). The application software is designed to handle particular tasks in computer systems. These include word processing software, Excel spreadsheets and functions, web browsers, among others. Also, the software can serve specific functions such as truck scheduling and accounting among other purposes. With that in mind, there are various subcategories of application software according to the intended purposes. For instance, we have the financial software to deal with the finance databases of a company.
The system software, on the other hand, constitutes programs that aid the computer in booting and running various application software installed in it. In other words, these are the broad range of software installed in a computer to enable it function. These include drivers, the operating system, and debugger among others. The software can also help one to manage the system resources. In essence, the system software is designed for computer system itself, thus not for human users. [Click Essay Writer to
In the business realm, understanding the various categories of software helps companies to utilize the right application for the right purpose. This knowledge has necessitated the development of software that organizations use to increase their performance. For instance, System Application Products (SAP) software helps in ensuring organizations meet their primary goals of satisfying customer demands by monitoring the store deliveries. Also, the Customer Relation Management (CRM) software is currently in place to help companies in the invoicing and billing applications that assist them to keep their financial information in an organized manner (Peppard, 2000). Malik (2016) reinforces this idea by claiming that use of this software enables companies to easily track customer history (Malik, 2016, pp.171-195).
Use of technologies in business operations helps to facilitate top-notched efficiency besides reducing costs of production. As opposed to traditional means of business management which resulted in difficulties in managing various activities, new technologies have proved to increase organizational performance and hence high-profit margins (Peppard, 2000). Thus, it is important for firms to embrace new technologies for business excellence.
Chapman, R. L., & Corso, M. (2005). From continuous improvement to collaborative innovation: the next challenge in supply chain management. Production planning & control, 16(4), 339-344.
Castells, M. (2002). The Internet galaxy: Reflections on the Internet, business, and society. Oxford: Oxford University Press on Demand.
Malik, P. (2016). Customer Relation Management. Journal for Studies in Management and Planning, 2(3), 171-195.
Peppard, J. (2000). Customer relationship management (CRM) in financial services. European Management Journal, 18(3), 312-327.
Smith, J. E., & Nair, R. (2005). The architecture of virtual machines. Computer, 38(5), 32-38.