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Together with the progress of science and technology, technological innovation grew with it, leading to the emergence of new equipment and gadgets. No matter how big or small your business is, technology is both intangible and tangible benefits to be cost efficient and to meet the growing demands and needs of customers. Technological innovation affect corporate efficiency, culture and relations among employees, customers, suppliers and customers. Type and quality of technology used affect the security of confidential business information.
Because the burden resulted from managerial as inventory, accounting and records keeping, both large and small businesses rely on computers to do their administration works. The birth of the Internet and online social networking sites tremendously lower the cost of business operations. It also makes it easier for businesses to use Six Sigma management methodology. Some companies focused on outsourcing instead of hiring their own staff because of the low costs associated with it. Due to the huge impact new technologies to companies, it is impossible for them to live with it
Commonly used high-tech equipment :.
- Computers
- Photocopier
- Telephone
- computer printer
- Internet
- Paper Shredder
- Multimedia Projector
- Touch Screen Monitors
- Computer Mouse
- Laptops
Features Technology Company
- customer relations. Technology affects the way companies communicate and establish relationships with their customers. In a fast moving and the business environment, it is important for them to interact with customers on a regular basis and quickly gain their trust and to get customer loyalty. With the use of the Internet and online social networks, companies communicate with consumers and answer all their queries about the product. Establish effective communication with customers not only creates a rapport with them, but it also creates a strong image. It enables business to reduce and cut carbon dioxide emissions.
- business. With the use of technological innovation, business owners and entrepreneurs understand their cash flow better, how to control storage costs of well and allows you to save time and money.
- Corporate Culture. Technology allows employees to communicate with other employees in other countries. It confirms the gang and prevent social tensions from arising.
- Security. Modern security equipment allows companies to protect financial data, confidential business and decisions.
- Research Opportunities. It provides a platform to study to stay ahead of competitors. It enables companies to virtually travel into unknown markets.
- Corporate Reports. With technology, business firms communicate effectively with their branches to deliver quality financial and operating reports.
- Industrial Productivity. By using company software or software package, the automatic standard production, reduces labor costs and increases manufacturing productivity. It allows companies to increase efficiency and production output.
- Business mobility. Sales improved technological companies, services, shorten lead time receive and deliver goods and services. Allowing them to reach many markets at least cost.
- Research capabilities. It allows them to study a range of businesses to gain knowledge of new trends in the market and therefore to avoid them.
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