The Improvement of Business Growth and Performance due to Today’s Advancing Technologies
With today’s increasing and advancing technologies, companies are getting more competitive. The new technology trends out here in the world will help companies increase their quality of processing work from start to finish while lowering the operation cost. Technology can now eliminate steps as far business processes, management levels, and transactions processes. The incorporation of new technology will also increase customer satisfaction.
Leading businesses that fail to incorporate new technology will incur major problems ranging from high operational costs to customer dissatisfaction.
A business would have to examine their internal operation step by step to determine where if any changes need to be made. The changes that they come up with would have to be analyzed to see if the change would be beneficial and how. The business would have to compare their current processes to what the competitors are doing to determine what can be done to increase and improve the business outcome. Companies would have to take a look at today’s technology that’s available to them and see exactly what the consumer’s want. Consumer’s today are getting more and more consumed in technology. The easier the better is what the current trends of technology is leaning towards.
“”Technology hasn’t leveled the playing field - it’s tilted it in favor of those who are best equipped to take advantage these new opportunities, and all those wistfully looking back at the “good old days” are doomed to quickly be looked back on themselves as the dinosaurs who were unable to adapt to a fundamentally different world than the one they grew up in”, (Goudie 2010).
For instance; an online companies can embrace new technology to decrease the steps a consumer would have to go through to complete their transaction. The process should be as effortless as possible...