Question

In: Operations Management

Contribute Wiki on the topic: Role of information technology to communicate effectively in modern business.

Contribute Wiki on the topic:

Role of information technology to communicate effectively in modern business.

Solutions

Expert Solution

Communication is a necessary in business development and it  involves the flow of information among business partners, consumers, distributors and employees. The role of technology in business caused a tremendous growth in trade and commerce.technology gave a new and better approach on how to go about with business. It provided a faster, more convenient, and more efficient way of performing business transactions.

Technology is a devloped integral part in the standards of working. The reasons for the use of information technology in companies can best be determined by observing the way it is being used throughout the business world. It reduces human efforts to maximum extent it can and it is more accurate in producing maximum outputs.It also help in the generation of maximum profits in frequent periods.  Email is the main means of communication between employees, suppliers as well as customers. live chat systems, online meeting tools and video conferencing systems are another number of communication tools that evolved allowing staff to communicate. Through this communication system It also help businesses understand customer behavior. Technology also helps a business in understanding its cash flow needs and that save its time and space..


Related Solutions

Contribute Wiki on the topic: Role of information technology to communicate effectively in modern business.
Contribute Wiki on the topic: Role of information technology to communicate effectively in modern business.
Role of information technology to communicate effectively in modern business. Explain
Role of information technology to communicate effectively in modern business. Explain
Contribute Wiki on the topic: Systematic risk and expected returns in emerging markets.
Contribute Wiki on the topic: Systematic risk and expected returns in emerging markets.
Contribute Wiki on given topic: Systematic risk and expected returns in emerging markets. Systematic risk, also...
Contribute Wiki on given topic: Systematic risk and expected returns in emerging markets. Systematic risk, also known as "market risk" or "un-diversifiable risk", is the doubt inherent to the entire market. Also brought up to as volatility systematic risk consists of the day-to-day fluctuations in a stock's price. Volatility is a criterion of risk because it refers to the behavior, or "temperament," of your investment rather than the reason for this behavior. Because market movement is the cause why people...
Introduction: Having the ability to effectively communicate is one of the most important skills a business...
Introduction: Having the ability to effectively communicate is one of the most important skills a business executive can possess. As French businesswoman and author Mirelle Guilliano has said, “Intelligence, knowledge or experience are important and might get you a job, but strong communication skills are what will get you promoted.” My own business experience supports this statement. By the time individuals have a few years of experience, they have great technical skills and can assemble, analyze, and categorize data to...
Introduction: Having the ability to effectively communicate is one of the most important skills a business...
Introduction: Having the ability to effectively communicate is one of the most important skills a business executive can possess. As French businesswoman and author Mirelle Guilliano has said, “Intelligence, knowledge or experience are important and might get you a job, but strong communication skills are what will get you promoted.” My own business experience supports this statement. By the time individuals have a few years of experience, they have great technical skills and can assemble, analyze, and categorize data to...
What role does technology play in modern sport?
What role does technology play in modern sport? Give an example of a modern sport that relies on technology and speculate on the historical beginnings of that particular sport before such technology.
Discuss the role digital filters in the modern communication technology
Discuss the role digital filters in the modern communication technology
information systems. in modern organisations, most business information systems (Bis) make extensive use of information technology...
information systems. in modern organisations, most business information systems (Bis) make extensive use of information technology such as personal computers. discuss the advantages and disadvantages of this computer-based information system.
Your ability to communicate effectively as a business professional gives both you and your employer benefits...
Your ability to communicate effectively as a business professional gives both you and your employer benefits in
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT