Question

How have technological inventions had an effect on business? pls help

Answer 1

Technology has aa great role in business development .It helps to enhance the production and gives better output. The technological inventions decreases the production cost.Tachnology increases the security, durability and storage of the business related data. For small or large scale business technology has its own impacts. Both tangible and inevitable benefits are achieved by using technology effectively.

Technology helps in following areas:

* operational efficiency : technology helps to increase the efficiency to produce more. It reduces time consumption, conserves resources, and utilizes little physical space. Storage costs of produced goods can be controlled by better warehouse management using technologically advantages. Internet advances helps in conducting virtual meetings . Meetings are most expensive but inevitable in business. Here internet helps lot.

* Data security : In business data security is most important. Physical data storage and recording in books does not have any guaranteed security. Computers gives the solution. Today technologic al advances protects business data with high security software and it keeps data for long without any loss.

*In business communication helps to enhance efficient and easier communication with the buyers.Client and employee interaction is needed to increase the relation of customers with organization. In internet websites helps to get instant feedback from the customers and collect their suggestions. Public image off organization can be strengthened using effective communication between customers and employees.

* Bushiness needs continuous research and inventions for sustainability of business. Modern technologies helps for the newer inventions in business. Researches are competitive advantages for business. through the media of internet business strategies of various business can be easily access.

There are many more advantages are there. Newer inventions goes on increasing in the field of technology. It increases the band of advantages in coming years.