Free Essay

Business Tech

In:

Submitted By thundermg
Words 550
Pages 3
Businesses must be productive to succeed and to be more productive they must embrace the technologies that are available to them to ensure success. For over 150 years business technology has given businesses the edge that they desired over their competitor and allowed them to produce results faster, but also saving man hours in the process. From the telegraph and stock ticker, to the Fax machines of the 70s and on to the information age of the 80s with email and the first group ware, business technologies have given us a 24 hour knowledge factory to pull from. Business technologies can be put into simple groups based upon their use. During our group discussion we found that most technologies fit into multiple groups, thus showing a greater use with more effect to the company. The groups that we used for this study were a) communications technology b) collaboration technology c) meeting technology and d) information technology.
Communications technologies These technologies are used by business to convey information by voice, in writing and electronically. These include the hard wired telephone and VOIP (voice over internet protocol); email and instant messaging on a computer; and finally today’s smart phone which has many more uses then just basic communicating.
Collaboration technologies Collaboration technologies are used in business for the sole purpose of allowing an exchange and collection of information between single and groups of people. Ever since the advent of Lotus Notes in the 1980’s, businesses have used these technologies to benefit project and program groups. Technologies included in this group include the different networking systems; the phone or smart phone; and different wiki’s and file sharing programs like Team Center and Cloud programs.
Meeting Technologies The basis for meeting technologies are to bring together groups of people to allow for an exchange of information and to also give updates on programs and policies, just to name a few. Technologies found in this group include the teleconference system (which is another version of the phone); the video conference system which allows the users to see the other groups within the meeting and sometimes even share fires; and net meeting systems which can allow groups to meet at a virtual meeting site on the computer precluding the need for traditional conference rooms.
Information technologies Within information technologies are those technologies that allow a business to search for and use data gleaned from the internet, data bases and other storage sites. Computer search engines, software used to search multiple sites and data base query programs are just a few that fit into this category. These may be used by everything from a desktop computer to a laptop computer or tablet and even by today’s smart phones, which shows yet another use for the technological advancement of the simple phone. Technologies have come a long way in helping businesses to succeed over the years, many of them helpful in more categories then one. From the simple phone to the computer of the information age and on to the age of virtual meetings and telecommuting, businesses are seeing more and more ways to succeed. As long as these technologies are used properly businesses will have no problems with meeting the requirements of information in the present and the knowledge that will be needed in the future.

Similar Documents

Free Essay

Guillermo Furniture

...over the years. Guillermo Furniture Store Recommendation Analysis and Recommend Financial Decision The economy is weak, new competitors’ establishing a presents, Guillermo must tackle a tough decision, which is to become a furniture distributor or stay on the manufacturing side, or possibility do both. Guillermo understands that change is forth coming and he has to venture forward but the dilemma is what the best alternative is. First Guillermo must analysis the financial alternatives and establish which objective is beneficial for the company. The next step is to gather information and formulate a pro forma cash flow budget to analyze the projected earnings for the next five years for the company (University of Phoenix, 2007). Hi-Tech Option Guillermo established his wealth various years ago because of the low cost in labor along with an extraordinary location for manufacturing. The company’s success has held strong on those foundations until now. There are a few concerns for Guillermo that may cause the company to change the way it does...

Words: 2497 - Pages: 10

Premium Essay

Hrm in Israel

...The transition from a Socialist approach to a free market approach and the rise of a new high-tech sector are two remarkable shifts that have occurred in the last two decades in Israel. In the face of these changes, human resource (HR) practitioners are currently expected to assume new roles, adopt different work values, and apply appropriate strategies. HR managers in the low-tech industry still adhere to traditional values and strategies, including a reliance on trade unions and an emphasis on job security and the employees’ years of work experience and seniority as key criteria for promotion. In the emerging high-tech sector, HR managers have adopted new values and developed new strategies, including human resource management programs, employee empowerment, higher salaries and better benefits, while placing an emphasis on employees’ talents and qualifications. Source: http://www.emeraldinsight.com/journals.htm/journals.htm?issn=01437720&volume=22&issue=3&articleid=848302&show=html&PHPSESSID=qj5kp1babsuadbfaj 47luam41 Recent changes in Israeli society and economy and their relation to Organizational Politics Over the past three decades, Israel has undergone significant economic, industrial and cultural transformations. These developments have shifted public values considerably and may indirectly affect OP and HR practices. For example, Sagie and Weisberg (2001) maintain that in recent years, Israeli society has gone from being ascetic...

Words: 1651 - Pages: 7

Premium Essay

Four Strategically Required Organizational Outcomes for Siemens

...strategy-oriented HR system case study 1. * Strategically required organizational outcomes: * Good products and good services. Products and services is always the most important thing for a manufacturing company. Siemens has become a world leader by diversifying into hi-tech products and services, it need to maintain this advantage and develop it even further to achieve more. * Going global and expand. Globalization gives big companies a chance to expand rapidly. Siemens has succeeded in going global but this is a long way, it still needs more expansion into more countries or areas that are not covered yet. * Positive brand image. A good company image is extraordinarily important to the company’s healthy development. Siemens needs to keep customers satisfied both with its products and services, which helps it to get more market share and expand even faster. * A good employee selection, training and compensation system. The company not just need to keep customers satisfied, it has to keep employees happy too. So that it can work more efficiently and effectively. * Required workforce competencies and behaviors: * Learning on a continuing basis. Siemens is in high-tech business so the nature decided that its employees need to learn new things every day. * Good teamwork. The ability to work with people is essential in such big corporation. Especially when it’s going global. * Mutual respect and appreciation of workforce diversity. Siemens is a...

Words: 296 - Pages: 2

Free Essay

Mjlfdkjgl

...DARA & SON PVT. LTD Rohini, Sec. 29, New Delhi Research Paper by Manish Bhatt and Prabhudas Lilladher ATTRACTIVE MIDCAPS AMONGST RECENT IPO ISSUES:- [pic]Tech Mahindra and GMR Infrastructure have once again raised interest in the IPO segment. While Tech Mahindra and GMR Infra are obvious choices experts are also bullish on Nectar Life sciences, Unity Infra, All cargo Global and…With over subscription of Voltamp Transformer recently experts give attractive midcap picks from this fraternity for the long-term.   Future business model, sound managements, availability at prices below their issue price, attractive valuations, niche positioning within their industry and future growth are important reasons why investors should log on to these IPOs feel a bevy of experts Money control spoke with.   Apart from that Keynote Capitals in its report titled ‘Attractive Recently Listed Midcap Stocks’ have mentioned names like Nectar Life sciences, Repro India, Talbros Automotive and K Sera.   While a number of them are available at a substantial premium to their offer price, six of them are still quoting at a discount to their issue price.    Everest Kanto looks pretty good at current levels for the long term. All cargo Global also looks good in the recently listed midcap IPOs.   Both the companies are in a niche segment and have done quite well on the fundamentals post-listing. Everest Kanto ranks first as far as LPG cylinder manufacturing is concerned. It posted fairly...

Words: 1132 - Pages: 5

Free Essay

Case Study Week 5

...QUESTIONS 1. What does this case imply about the supply of and demand for employers and the implications for businesses? The case implies that there is a high demand for employees especially in the high tech industry but the supply is low and has not been met by the volume of the demand making the implications critical for businesses. These organizations are having to step out of the box and go the extra length to ensure they are able to acquire the savvy tech from an early stage. Using tools outside of the normal resume check alongside the educational background, these Companies are able to now “catch them young” by scouting for qualified candidates with needed skills, and recruiting them from colleges instead of waiting till they have completely finished their degree. For instance IBM has made use of its famous Watson computer in certain top schools giving students a chance to challenge the computer. The outcome of these approach will help IBM to narrow down which students to consider and they will work towards luring such students to consider a career at IBM (Robins 2013). As the competition is quite high in this industry, business always have to be creative in their search for talents, be on their toes and pull out all stops in trying to convince potential candidates to choose them instead of their competitors. While some are still struggling to come up with various approach to help them acquire more qualified candidate, the race is still on for the rest in trying to get...

Words: 694 - Pages: 3

Premium Essay

The Art of High-Technology Management

...The paper is mainly about the management of the high-tech companies in a successful way. The article is written as the result of a research that exceeds two decades which consists of surveys and interviews with several CEOs and executives from different high-tech industries and different-sized firms. In the article the authors define six key headings for a successful management of high-tech companies. After explaining all, they also put these topics in two groups which are paradoxical. The themes mentioned in the article which are “business focus”, “organizational cohesion” and “sense of integrity” represent the static and stable side of the paradox. On the other hand “adaptability”, “entrepreneurial culture” and “hands-on top management” are dynamic and changing side of the paradox. Six themes of the successful high-tech management that are mentioned in the article: Business Focus: To succeed as a technology firm, companies should focus their attention on production lines, R&D stage and business priorities. Instead of making effort for irrelevant and wide product portfolio, they should concentrate on well-known and well-done products, areas or trying to create new product lines or business opportunities which are related to these. For the technological leadership of the companies, R&D expenses also should be enduring in a few areas instead of being in many areas and discontinuous. Adaptability: A high technology company should be able to adapt and lead the rapid changes...

Words: 413 - Pages: 2

Premium Essay

Born Global Firms

...niche, which makes it harder to grow in a small home market. A high degree of specialization requires internationalization if the firm wants to achieve substantial growth. Born Global firms often possess unique resources and capabilities such as entrepreneurial orientation of the founders, innovation behind products and technology, accumulated knowledge of the founders and managers from previous work experience, and networking capabilities. Managers with a previous background of international strong activity will give to the company a more sure address to its business expansion, for this reason a high level of entrepreneurial orientation supports the firm´s ability to recognize and create opportunities at an early stage. It can be argued that Born Global firms are typically found in niche business areas where products are unique, and require high amount of research and development like the high tech business area. It is very important to invest in products with a short life cycle and high technology sectors are characterized by this necessity of a continued innovation which can protect those firms and products from any imitation. As for geographic locations of these Born Global firms, their headquarters can be found in various countries, such as the United States, United Kingdom, Switzerland… Rich and large countries give birth to Born...

Words: 316 - Pages: 2

Free Essay

Globant

...These founders now make up Globant’s management team. Martin Migoya is the company’s CEO, and has an extensive background in business management, sales and marketing. Guibert Englebienne is Globant’s CTO, with experience in IT and communications. Martin Umaran is the COO, and has a background in executive and business management for technology companies. Lastly, Nestor Nocetti is the VP of Corporate Services, with experience in the IT industry. The four engineers saw an opportunity to start their company with the rapid growth of the IT outsourcing industry in India and China. They recognized that Latin America’s advantages in labor quality, labor supply and time zone would give them a leg up on their competition, even though both India and China have lower labor cost. By exploiting these advantages, they were able to grow at a rapid pace. By 2009, Globant had over 1500 employees and was generating three million dollars per month in revenue. Despite their success, Globant found themselves at a crossroads. For four years the founders pursued clients that needed IT expertise in anything under the broad spectrum of IT services. However, the management team recognized that Globant needed to target specific industries to remain competitive in the market. The team therefore, narrowed their scope to four very distinct market segments for further analysis: high-tech, telecom, travel and financial services industries. Globant recognized that their diversified client portfolio was spreading...

Words: 1502 - Pages: 7

Premium Essay

Smartix Evaluation

...Smartix Case HBS Smartix 1. Imagine that you are Vivek Khuller. Should you accept the offer from MSG? I don’t believe that I would take the offer from MSG. Here’s the problem with not taking the deal: Accel is relying on the MSG deal far greater than anticipated, and the deal with Accel has a high probability of falling through once it is discovered MSG may not be participating in the way Accel is anticipating. The other issue at hand is that without the Accel deal, Smartix is nearly out of time and the funds required to continue aggressively pursuing the project. An alternative for Smartix in this situation is to scale it back and seek out a slightly smaller deal. They have the capacity to do so and it seems that they were aiming rather ambitiously with MSG. If they wanted to reassess their end game and dial it down some, they have the opportunity to connect with a slightly smaller venue or company and they have a short amount of time to do so. Another alternative to accepting the MSG deal is for the founders to gain outside employment in an effort to sustain themselves while they regroup Smartix to succeed under their terms. They all know that the last thing they want to do after all their hard work is become MSG employees. In the end, don’t accept a subpar deal if you know your venture is worth more. 2. Should Vivek have tried to start this venture without co-founders? Could he have been a solo founder? While not doubting his competence or his ability to...

Words: 781 - Pages: 4

Premium Essay

Stanford Essay

...School of Business - Ben | MBA ... Page 1 of 3 « Back to Sample Essays for Top Business Schools Print Ben Below is one of Ben's essays for his Stanford application. We present the essay in its original form, with just cosmetic changes made to protect the author's identity. We then provide comments and suggestions, based on the advice available in Your MBA Game Plan. The question that he answers in this essay is: What are your short-term and long-term career aspirations? How will an MBA education further your development? Why does the academic experience offered at the Stanford GSB appeal to you? (Unlimited length) I work at the Information Technology industry since 1993, when I was recruited to the classified electronic surveillance unit of Israel Defense Force (IDF). Since I've advanced to management positions in a very early stage of my professional career (at the age of 19 I've already finished the IDF Technical Officers course and was positioned as a Team Leader commanding 8-10 network professionals and computer technicians), it was a natural step to continue my career on management positions in the industry after my release from the active duty at 1997. I started my civilian career as an Information Systems Manager at Mobile Solutions Ltd., a dynamic Ireland-based start-up company developing various hardware devices for mobile satellite antenna’s technology. During my military service I've come to realization that in order to be a successful manager in high-tech industry...

Words: 2709 - Pages: 11

Free Essay

Micrologic

...I. Time context: 1997 II. Viewpoint: Hilary De Leon – Founder and CEO III. Major Policy statement Micrologic is one of the most technologically competent firms in the country and a research development firm known for designing high-technology product. IV. Current Business Policies a. Management Policies i) Micrologic management people are well educated in Management of Technology. ii) Hilary de Leon established the new firm and it is called Micrologic. iii) As a CEO, Hilary is active in discussing and resolving issues related to technology. b. Marketing policies i.) Micrologic consider trading of technology in choosing foreign partner. ii.) Micrologic participates in industry trade fairs. c. Operation Policies i.) Using of logic analyzers,oscilloscopes and PC computers for operation. ii.) Micrologic is an R&D for creative designs and development. iii.) More on product development than manufacture. d. Finance Policy i.) No such finance policy in the case. e. Human Resource i.) R&D has 3 engineers ii.) Micrologic has 13 employees. iii.) Hilary De Leon hires people from only top 4 engineering schools. V. Social Responsibility Application i.) Encourage people to improve their lives. ii.) Give employment iii.) Payment of taxes to the government VI. Statement of the Problem How can Micrologic excel in Technological industry? VII. Statement of Objectives a. Long...

Words: 511 - Pages: 3

Premium Essay

Mark

...Market Analysis Summary Industry Background The sensor industry is a business to business market that serves numerous and different customers within the technology industry. Sensors are utilized across fifteen industries and with different end users using them in their own way. This has most analysts agreeing that with decreasing technology costs, more customers will be able to afford and utilize sensors in the manufacturing of their own product. This gives the sensor market the potential to grow exponentially in the future. Intechno Consulting has analyzed and broken down the sensor industry into fifteen different sectors ranging from the machine tools, robotics, and medical. These sectors are also categorized into seventy two subsectors but our market analysis focuses on two potential customer groups: * Low Tech * High Tech With constant growth in both customer groups we see the industry not only becoming larger in the future, but also becoming more diverse as technology expands and innovates. Currently, the industry is divided into six competing companies with one company, Ferris, holding a quarter of the market. Our current market share is 16.9% and is, obviously, unacceptable. We plan on revitalizing our market efforts and production strategies so that we may capitalize on this growing and diversifying industry. By investing more into our sales and promotional budgets we can raise awareness for our products and increase the accessibility to our customers. Robot-1...

Words: 675 - Pages: 3

Premium Essay

Guillermo's Furniture Store Concepts Paper

...owner of a large manufacturing furniture store located in Sonora, Mexico. Guillermo’s store was doing good business with the locals by providing them handcrafted products. The store was making good profits due to low labor costs, and charging premiums for handcrafted products. Currently Guillermo is facing issues with making profits due to a new overseas competitor. Guillermo needs to figure out a way to understand and make changes if necessary to his store, in order to stand up to the competitor. To make the right decisions, it is important to understand the principles of finance and the different concepts of finance. Concepts of Finance The Behavioral Principle: When All Else Fails, Look at What Others Are Doing for Guidance Guillermo is losing business to his competitors who use high technology equipment, make furniture to the exact specifications and with really low prices. The store owner wants to understand how the competitor operates, and why are they more successful. Guillermo spends some time into researching the high tech solution that the foreign competitor provides. He will try to figure out the cost of the technology, the low labor costs and whether he can cut his costs by converting into the high tech model. Basically he wants to research if he can imitate his competitor to better his business. Guillermo finds out that converting his model into the high tech model would be expensive but he can cut down his productions costs. This form of behavior, where the “choices...

Words: 697 - Pages: 3

Free Essay

Managing in International Business

...NAME: Meghna Shrivastava STUDENT ID: c7080738 COURSE: B.A (HONS) International Business MODULE: Management of International Business MODULE TUTOR: Mr. Ashish Tripathi EXECUTIVE SUMMARY Club Mahindra holiday is a consumers service industry which is part of Mahindra group having infrastructure of US $ 14.4 million. Under Club Mahindra flagship Mahindra Holiday and Resorts India Ltd (MHRIL) was started in 1996 as a realty sector of Mahindra group brought up for bring values, reliabilities and trust and customer satisfaction. Club Mahindra has got an affiliation with RCI which consist of 60% of the service industry market share, which make Mahindra holiday timeshares largest holiday ownership brand in India. Apart from being a customer centric company club Mahindra performs various Corporate Social Responsibilities for the well fare of people, employees, its customers and environment. According to CESD, 2007 Tourism is becoming one of the largest business sector in the world showing 2005 receipt of international tourism reaching $6.82 trillion. Club Mahindra performs in service industry where revenue produced in 2008 by service industry was $4,028.6 billion showing CAGE OF 6.3% from 2004-08. (Datamonitor, 2009) Furthermore, club Mahindra perform or exist in environment where customers has the power to control the market. Whereas, large number of suppliers weakens them from leading, new entrants in service industry is very easy but the threat of substitutes and...

Words: 4784 - Pages: 20

Premium Essay

Cmo Description

...the industry in which the company is operating in order to perfectly comprehend the behavior of the clients/customers as well as the future performance 2. Coordinate and deal with several areas included in the marketing department such as product development, sales management, corporate communication 3. Create strong relationship and interact with different areas of the company to ensure that the marketing strategic plan will be reached 4. Improve the customer retention Required skills 1. Experience with high tech marketing software 2. Persuasive and self-confident in order to maintain the loyalty of the existing clients/customers 3. Experience in leading teams with strict deadlines 4. Advanced graduate studies specialized in marketing 5. Results oriented and analytical skills 6. Flexible and be able to change the direction from creative to analytical tasks 7. Track record of implementing and growing new business CMO of a startup company The Chief Marketing Officer (C.M.O) of a company should be a person who plays a leadership role within the firm with a number of required functions in order to accomplish the objectives related to marketing department that include: increase the level of sales, enhance the image of the brand, improve the understanding of the customers behavior. Additionally, the CMO should be able to pursue other functions within the firm due to the limited resources of a start company....

Words: 678 - Pages: 3