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Technology has revolutionized how businesses operate by allowing instant communication worldwide, making the world seem smaller. Advances in communication and information technology have changed how businesses conduct business and their pace due to the ability to contact anyone globally. According to a report, Australian small and medium businesses are adopting digital tools like websites, social media marketing, and e-commerce to keep up with these technology-driven changes to business.
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- 1. How has technology changed the way we conduct business
- 2. Abstruct Technology affects alomst every aspect of our lives. Just look around you and you'll see how wired we are. Thanks to the Inter-net, virtually anything you desire can be de-livered to your door in a matter of days.
- 3. Abstruct(2) The advance in the communications and information technology over the years have revolutionized the way that businesses are conducted and has changed the face and pace of business. With the ability to contact anyone in the world seems to have become a smaller place and this has implications in the way business is conducted.
- 4. Effects Online The part of our brains being affected by these changes is the dorsolateral prefrontal cortex, which is responsible for short-term memory as well as decision-making. This area is increasingly the part of the brain where we take on information; once we start using this part of our brains, they will contin-ue to seek and respond to the same to the same stimuli.
- 5. Is your business keeping up? According to the Sensis e-business Report Australian small and medium businesses are continuing to adopt a range of digital applications during 2010 including websites, social media marketing and e-commerce activites.
- 6. Sources 1. Sensis e-business Report 2. IBMSurver: Tech-Savvy Shoppers Setting The Pace For The Future; Retailers Must Follow Their Lead 3. NeilsenCs NetView? June 2009-June 2010