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How has technology changed the way we
          conduct business?



                              S1180014
                         Keiko Kuwana
Abstract
¡ñ
    Technology afects almost every aspect of our lives. Just look
    around you and you'll see how wired we are. Thanks to the
    Internet, virtually anything you desire can be delivered to your
    door in a matter of days. Personal information is more
    accessible over the Internet as well -- you can look up
    everything from a long-lost cousin to the registered sex
    ofenders in your neighborhood. You can even trade stocks or
    fle taxes online. Parents don't need to lose sleep waiting for
    their teenage daughter to come home -- they can just call her
    cell phone, or send an unobtrusive text, to check up.
Many technology
Many argue technology has blurred the line between
professional and private lives. Wireless Internet, cell
phones and Black Berries have made it easy to work
from home -- or for that matter, from the beach. The
fact that it's easy to work from the beach compels
people to do so. On the fip side, people also feel
compelled to use Internet access at work for personal
reasons. In this way, technology allows workaholics to
work and slackers to slack.
¡ñ
    As communication and information travels faster and
    faster, the world seems smaller and smaller, and this has
    large implications for the way we conduct business.
    Storing important in fles on a computer rather than in
    drawers, for instance, has made information easily
    accessible. Using e-mail allows businesses to communicate
    and send these fles quickly to remote locations outside of
    an office.
Efects of Technology on Business
¡ñ
    Businesses have been at the forefront of technology for
    ages. Whatever can speed production will draw in more
    business. As computers emerged in the 20th century, they
    promised a new age of information technology. But in
    order to reap the benefts, businesses needed to adapt and
    change their infrastructure. For example, American
    Airlines started using a computerized fight booking
    system, and Bank of America took on an automated check-
    processing system.
Outsourcing
¡ñ
    As information travels faster and faster and more reliably,
    barriers of distance disappear, and businesses are realizing
    how easy it is to outsource jobs overseas. Outsourcing
    refers to the practice of hiring employees who work
    outside the company or remotely -- and even halfway
    across the world. Companies can outsource duties such as
    computer programming and telephone customer service.
    Outsourcing is a controversial practice, and many believe
    that U.S. companies who take part are hurting the job
    market in their own country.
RFID
¡ñ
    Another technology that's starting to revolutionize
    business is actually not very new -- it's just cheaper these
    days. Radio frequency identifcation (RFID) technology is
    infltrating and changing business signifcantly in a few
    ways. Microchips that store information (such as a number
    equivalent of a barcode and even an up-to-date history of
    the chip's travels) can be attached to product, and this
    helps companies keep track of their inventory.
Internet Business
¡ñ
    The Internet enables airlines to provide online fight
    booking, banks to ofer online account management and
    bill pay and allows any company to sell any product
    online. In general, the Internet has proven to be an
    inexpensive way to reach more customers. Nowadays, if
    you can't fnd a business online, or if it has an outdated,
    ugly Web site, it looks downright unprofessional.

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week6

  • 1. How has technology changed the way we conduct business? S1180014 Keiko Kuwana
  • 2. Abstract ¡ñ Technology afects almost every aspect of our lives. Just look around you and you'll see how wired we are. Thanks to the Internet, virtually anything you desire can be delivered to your door in a matter of days. Personal information is more accessible over the Internet as well -- you can look up everything from a long-lost cousin to the registered sex ofenders in your neighborhood. You can even trade stocks or fle taxes online. Parents don't need to lose sleep waiting for their teenage daughter to come home -- they can just call her cell phone, or send an unobtrusive text, to check up.
  • 3. Many technology Many argue technology has blurred the line between professional and private lives. Wireless Internet, cell phones and Black Berries have made it easy to work from home -- or for that matter, from the beach. The fact that it's easy to work from the beach compels people to do so. On the fip side, people also feel compelled to use Internet access at work for personal reasons. In this way, technology allows workaholics to work and slackers to slack.
  • 4. ¡ñ As communication and information travels faster and faster, the world seems smaller and smaller, and this has large implications for the way we conduct business. Storing important in fles on a computer rather than in drawers, for instance, has made information easily accessible. Using e-mail allows businesses to communicate and send these fles quickly to remote locations outside of an office.
  • 5. Efects of Technology on Business ¡ñ Businesses have been at the forefront of technology for ages. Whatever can speed production will draw in more business. As computers emerged in the 20th century, they promised a new age of information technology. But in order to reap the benefts, businesses needed to adapt and change their infrastructure. For example, American Airlines started using a computerized fight booking system, and Bank of America took on an automated check- processing system.
  • 6. Outsourcing ¡ñ As information travels faster and faster and more reliably, barriers of distance disappear, and businesses are realizing how easy it is to outsource jobs overseas. Outsourcing refers to the practice of hiring employees who work outside the company or remotely -- and even halfway across the world. Companies can outsource duties such as computer programming and telephone customer service. Outsourcing is a controversial practice, and many believe that U.S. companies who take part are hurting the job market in their own country.
  • 7. RFID ¡ñ Another technology that's starting to revolutionize business is actually not very new -- it's just cheaper these days. Radio frequency identifcation (RFID) technology is infltrating and changing business signifcantly in a few ways. Microchips that store information (such as a number equivalent of a barcode and even an up-to-date history of the chip's travels) can be attached to product, and this helps companies keep track of their inventory.
  • 8. Internet Business ¡ñ The Internet enables airlines to provide online fight booking, banks to ofer online account management and bill pay and allows any company to sell any product online. In general, the Internet has proven to be an inexpensive way to reach more customers. Nowadays, if you can't fnd a business online, or if it has an outdated, ugly Web site, it looks downright unprofessional.