Effects technology has on business management.

[TOZZIBLINKZ]

Technology has had a significant impact on business management, leading to a number of changes in the way that businesses operate. Long before technology was being introduced into business, so many erroneous and mistakful activities and practices have been going on in business especially in area of documenting, recording, retrieving, storing, calculating, measuring, and assembling business units in order to ascertain the financial position as well as performance of the business. However, some of the key ways in which technology has impacted business management include:

* Increased productivity: With the help of technology, businesses are able to automate many tasks and processes, which can lead to increased efficiency and productivity.

* Improved communication: Technology has made it easier for businesses to communicate with their employees, customers, and other stakeholders, both within and outside the organization. This has led to faster decision-making and better collaboration.

* Enhanced decision-making: Technology has made it easier for businesses to access and analyze data, which can help managers make more informed decisions.

* Increased competitiveness: Technology can give businesses a competitive advantage by helping them to innovate and differentiate themselves from their competitors.

* Changes to the workforce: Technology has also had an impact on the way that businesses manage their workforce. For example, the use of automation and other technologies has led to the creation of new job roles, as well as the displacement of some traditional jobs.

 

[IB D]

Technology has had so much effect on the way businesses are being managed worldwide. It has helped to enhance efficiency in management of businesses. For example, the CCTV camera. It has given business managers the abiliyu to monitor activities going on in an organization in real time. Technology is still advancing and it is still going to change business management more.