StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

How Technology Has Revolutionized Business In A Positive Way - Research Paper Example

Comments (0) Cite this document
Summary
The writer of the paper "How Technology Has Revolutionized Business In A Positive Way" analyzes the contribution made by technology to the world of business and its manifold importance in the current times marked by the use of new IT based business utilities…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.4% of users find it useful
How Technology Has Revolutionized Business In A Positive Way
Read TextPreview

Extract of sample "How Technology Has Revolutionized Business In A Positive Way"

Download file to see previous pages Hence, no wonder the food industry, which is in a way an important aspect of the national economy remained vulnerable to supply, demand and price fluctuations. Practically speaking, it was not possible for the companies to gather process and analyze data in a manner that allowed for a realistic estimation and planning of the coming uncertainties. Hence, for a burger chain operating in New York, it was impossible to estimate that a fall in production in the local beef markets could be managed by procuring additional beef stocks from Latin American farms. There existed no mechanism that allowed for the collection and processing of the required information at a centralized facility. It would not be wrong to say that fast food chains like McDonalds or retailers like Walmart would have never been able to register such an impressive global presence, had it not been for the available technological innovations. Technology has made it possible for the American food producers, vendors, and processors to benefit from the economies of scale resulting from the technology enabled centralized purchasing (Schlosser 5). Technologies like high-speed internet, organizational intranets, data storage devices, data analysis software, IT based supply chain management has enabled food suppliers and procurers to make the best business decisions based on a knowledge of the price and availability of the food items all over the world (Schlosser 218). The businesses today are not under the compulsion to be at the mercy of the local producers. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“How Technology Has Revolutionized Business In A Positive Way Research Paper”, n.d.)
Retrieved from https://studentshare.org/english/1663837-how-technology-has-revolutionized-business-in-a-positive-way
(How Technology Has Revolutionized Business In A Positive Way Research Paper)
https://studentshare.org/english/1663837-how-technology-has-revolutionized-business-in-a-positive-way.
“How Technology Has Revolutionized Business In A Positive Way Research Paper”, n.d. https://studentshare.org/english/1663837-how-technology-has-revolutionized-business-in-a-positive-way.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF How Technology Has Revolutionized Business In A Positive Way

How sports affect children in a positive way

...How sports affect children in a positive way? To make the man perceive and understand true value of positive aspect, God has created negative of everything e.g. good against evil, cold against hot, right against wrong, strong against weak. “G. W. F. Hegel: Lectures on the History of Philosophy.”[1], on the subject of “POSITIVE ASPECT” quoted Robinet: “The result of his observation is that good and evil balance each other; this equilibrium constitutes the beauty of the world.... it also hints at the deeper idea that there is no activity except through contradiction.”[2] When a man perceives the positive aspect, it brings hope, satisfaction and happiness. Perception of negative aspects produces doubt, despondency and unhappiness...
6 Pages(1500 words)Research Paper

The Internet Revolutionized Traditional Methods

...The Internet Revolutionized Traditional Methods Introduction The growth of the internet revolutionized traditional methods of providing customer support. Companies are moving their services online due to a number of reasons. First, their clients are familiar with internet use and are online regularly. This makes online services more accessible and convenient to people who use computers regularly than traditional methods such as calling. Internet support also has advantages for the company in that it is relatively convenient and affordable. This is because online support may take the form of self service, that is, the client sifts through the system according to their specific requirements. It may also be automated, in that an avatar...
5 Pages(1250 words)Research Paper

Information Systems Has Revolutionized the Way We Work

... revolutionary experience to how work is done generally. Despite overdependence on computers and the internet by most organizations, information systems have not fully replaced the use of filing systems and fax messaging approaches in the United States. This makes information systems a great discovery in the 20th century but reduces its revolutionary experience as was seen in major innovations that characterized the reconnaissance period. Conclusion Information system has completely revolutionized the way we conduct business, interact with the government, do politics and search for jobs. Today the world is a one stop shop where at a dial of a button, an individual is connected to different people across the globe. Through the advancements...
8 Pages(2000 words)Essay

Innovation in History Impact and Change How Gunpowder Revolutionized Warfare

...Innovation in History: Impact and Change How Gunpowder Revolutionized Warfare Introduction Gunpowder is considered a major invention which has been used to shape history and is responsible for major changes and revolutions. It has been used in warfare's for more then five centuries. Gunpowder is the chemical mixture which burns rapidly and was used as propellant in small arms and cannons in old times. In fact the first true chemistry was based on experiments to measure and improve its effectiveness and safety. It is a mixture of charcoal, sulfur and saltpeter (commonly called potassium nitrate) grounded together. Today gunpowder is used in various weapons, fireworks and to produce special effects. Although being a low explosive, gunpowder...
8 Pages(2000 words)Essay

Wireless Internet: How Technology, especially Wireless Internet, has changed the way we do business

...Wireless Internet: How Technology, especially Wireless Internet, has changed the way we do business? The increase of competition worldwide has led firm to continuously update their technology in order to improve their position towards their rivals; the technology used in the context of modern organizations can have many different forms involving in all aspects of these firms’ daily operations. Since the introduction of Internet the perceptions of organizational leaders on the value of technology have changed; Internet offered to organizations of all sizes the advantage of reaching their customers worldwide without being – physically – established in the targeted markets. In this way, Internet promoted a balance regarding the potentials...
7 Pages(1750 words)Research Paper

Social Networking Sites: Revolutionized Politics

...Social Networking Sites: Revolutionized Politics Social networking sites are a place where individuals can state their opinions without reservation. This opinion varies from individuals who feel that a candidate-elect would make the best president to those who feel that their government is oppressive, or even that congressmen feel that passing certain bills into law would be beneficial to his constituents. Some people disagree, arguing that individuals should not use social networking sites as a forum of airing their opinions as these sites are not safe and have landed people in legal and personal problems. While these arguments are valid, people’s convictions should not be suppressed as voicing them out has created awareness on political...
7 Pages(1750 words)Essay

How sports affect children in a positive way

...How sports affect children in a positive way? Naseem G.H. Chagani Order 533161 Academia-RESEARCH May 4, How sports affect children in a positive way? To make the man perceive and understand true value of positive aspect, God has created negative of everything e.g. good against evil, cold against hot, right against wrong, strong against weak. “G. W. F. Hegel: Lectures on the History of Philosophy.”[1], on the subject of “POSITIVE ASPECT” quoted Robinet: “The result of his observation is that good and evil balance each other; this equilibrium constitutes the beauty of the world.... it also hints at the deeper idea that there is no activity except through contradiction.”[2] When a man perceives the positive aspect, it brings hope...
5 Pages(1250 words)Research Paper

The New Way of Technology

...Smart House Technology has converted houses into smart houses. Almost each one of us has one or many wired and wireless applications at our homes, which help us with our daily chores, and also bring us at par with the modern world. Starting with a remote control LED TV and ending at a fully automated security system, nearly all electric appliances are up-to-date and user-friendly. At my home, I have a couple of smart TVs with remote controls and Bluetooth controlled keyboards and mice, so that I may be able to use internet on them. I also possess and fully automated double door refrigerator, with automatic temperature control. There is an automatic washing machine that has made the process of laundry very easy for me. I have a cordless...
1 Pages(250 words)Essay

How Information Technology Impact in Business World

Current trends in Information Technology include; cloud computing and information security. Alternatively, the view of Daintith John (2009) is that “Information Technology is the use of computers and telecommunication facilities in business; to collect, manipulate, transmit, store and retrieve data. Information Technology refers to computers plus computer networks, but can also include information transmitting pieces of equipment like satellites, phone, televisions, and radios. IT infrastructure involves the framework on which information networks operate.” The infrastructure includes; computers, networks, database management systems, and a regulatory framework. In the field of Information Technology, infrastructure re...
6 Pages(1500 words)Assignment

If Technology Has Revolutionized the Way We Work Using Two Concepts Which Are Information Systems and Information Technology

It is evidently clear from the discussion that information systems and information technology have significantly changed people’s personal lives as well as how people work. The business world has revolutionized almost beyond people’s recognition within the past decades. Technology, both in terms of information systems and information technology has changed the face of the workplace and also increased the pace with which people work. Information systems can be defined as the totality of the tools, procedures, and techniques that are used by businesses to process data. At the turn of the century, Frederick Taylor introduced the concept of scientific management as an aspect of the successful business organization. His...

8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic How Technology Has Revolutionized Business In A Positive Way for FREE!

Contact Us