The impacts of information technology on the management of business | Mikial Nijjar

In today's business climate, technology is advancing earlier than many organizations can continue with. Here Mikial Singh Nijjar discusses the effects of information technology on business management.
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Transcript

1. The impacts of information technology on the management of business Mikial Nijjar
2. In today's business climate, technology is advancing earlier than many organizations can continue with. Here Mikial Singh Nijjar discusses the effects of information technology on business management.
3. Frequently, a variety of the larger corporations, and even small to medium-sized businesses also, now hire technology consultants and highly educated technical staff to stay their organizations competitive.
4. However, up to this point with the newest technological changes and improved software and equipment that may make their businesses more efficient and productive.
5. Moreover, the benefits for these businesses that do stay informed and up thus far with the most recent technological changes is that they're ready to increase revenues and profits at a faster pace and promulgate the success of the corporate.
6. Technology is quickly becoming a key think about any variety of business, and also the latest technological innovations are what are resulting in not only increased sales and exposure but also more cost-effective methods of promoting and advertising and greatly increased productivity.
7. In manufacturing, many processes that were once performed manually or machines that were operated by manpower are now being operated remotely and go by automated processes.
9. With decreased opportunities for employment in manufacturing and fewer skilled trades, many workers are gaining an education and expanding their skills to accommodate a changing business environment.
10. In administrative functions, Mikial Nijjar says computers have offered the advantages of readily accessible databases of data and streamlined processes likewise.
11. Virtual offices and even telephone answering systems that operate as robotic receptionists have decreased the requirement for several positions here yet and offered businesses a more cost-effective approach to completing simpler office tasks.
12. In terms of sales, the web has helped open the doors for increased globalization and therefore the ability to extend profits by reaching more people at just once.
13. As a result, telemarketing and door-to-door sales calls became not only unwelcomed by the final public, but also an outdated means of selling goods and services.
14. While the general benefit to the tip consumer is lower prices, businesses still reap the rewards of those decreased costs of operation and also greater efficiency and organization.
15. For management, the increased reliance on information technology creates a variety of issues. In terms of human resources, today's human resources managers are attempting to find employees that are well trained with computers and know the way to work the newest technological equipment.
16. Additionally, a variety of today's top firms are hiring employees that telecommute or work from a distant location, and managers are now frequently managing teams from ahead of a computer.
17. Another aspect of increased information technology that affects today's management is security.
18. Hacking, phishing, and other online security threats can create real issues for any form of business, but today's managers should be prepared to house these varieties of threats, teach the importance of security to employees, and understand how to react when security has been breached.
19. THANK YOU