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Technology's Impact on Small Businesses

In: English and Literature

Submitted By ratmrebel
Words 488
Pages 2
Running head: TECHNOLOGY'S IMPACT ON SMALL BUSINESSES

Technology's Impact on Small Businesses
ENG 107 - English Composition I
Abstract

In recent years, technology has played a significant role in evolving how business is conducted. This statement is not limited to any single industry. Almost every business, from a high-grossing stock brokerage firm to a child running a lemonade stand on the sidewalk in front of his or her home, can capitalize on the benefits which modern technology can provide. By embracing such technologies, businesses can flourish and maintain their competitiveness in a fast-paced business environment.

Technology's Impact on Small Businesses Small businesses have become more efficient through the use of various technologies. Certain technologies have made it possible for small businesses to use more expeditious forms of communication. Many small businesses have also gained a tremendous amount of exposure with the ability to place their products/services on display to a much larger audience via cyberspace. Internally, small business have also been provided the ability to streamline many tasks, which would otherwise require more time and/or manpower. Harnessing the power of such technologies can help businesses speed up their operations, while cutting costs at the same time. Newer, more proficient communication methods are now being used by businesses of every scale. Unlike snail mail, faxes, and similar outdated means of sending and receiving correspondence, e-mail has become the accepted standard in this realm. E-mail is reliable, readily available, and typically much faster than other alternatives. Some companies have taken this a step further and have implemented the use of instant messaging software, which allows users to carry on an ongoing dialog from within a...

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