Positive Impacts of Technology for Retail Sales- myassignmenthelp

Question: Write about thePositive Impacts of Technology for Retail Sales. Answer: Introduction As per the demands, I have conducted extensive research using secondary sources in trying to examine the effects of technology in terms of the positive and negative issues it bears on corporate business. Therein are examples of the cases at hand and how individuals in the corporate world utilize the same. Positive Impacts of Technology Technology has revamped the way individuals communicate in organizations and brought increased benefit therein. As opposed to the previous times, the present corporate world utilizes electronic reporting and submission of reports. In this respect, company officials can submit and explain their deliberations on a given set of occurrences online through email and video chats thus saving on time and other resources (Argenti 2006). Besides, it allows workers to work in their desired locations where the tasks to be done are transferred via the email and the responses reach workers involved in a project in real time. Here, individuals can get acquainted to information without having to read of the same on notice boards as the same can be done through personal mails. Technology has developed a quick response system where conference can be done online through teleconferencing and all parties involved given time to air out their issues thus saving on time and resources needed to gather parties involved (Argenti 2006). At the same time, it was found that technology has improved the way organizations market their products and place them strategically towards growth. Organizations currently market their products online, reaching a multitude of people on the social media and other pop up advertisements (John 2000). As opposed to the traditional means, the present technologically enabled advertisement and marketing reaches a lot of people in real time and allows for online booking and sales of products. Eventually, it bolsters sales of companies. The present day technology assists firms in comparing information and thus boosts their performance. Previously, it was difficult to find information and marketing tacts of other companies as it was done within an organization. However, the current technology assists in tracking and observing a trend in the market thus increasing competition among firms (John 2000). Eventually, it culminates into stronger policies that assist firms to compete favourably among themselves. Challenges of Technology Present day communication technology puts information of organizations at risk of hacking and tampering. Cases of information leak and hacking harms the corporate world as strategies and policies of development can be observed and used by competitors towards their advantage. Information by senior management can be hacked and spread to unintended persons thus damaging reputation and information secrecy. As such, this may result in information loss and damage as organizations remain vulnerable. At the same time, technology has reduced face to face interactions among workers essential for team building and information sharing (Bloom, Garicano, Sadun and Van Reenen 2014). Currently, individuals in the corporate world in different locations interact through hats and emails thus losing contacts. There are some issues that ought to be discussed freely on a face to face model that cannot occur thus limiting interactions to formal types only. As a result, a key component of issues fails to be shared freely among individuals in the corporate world. Recommendations The corporate world is presented with technology which makes working easier and enjoyable. However, concern has to be taken to utilize technology towards prosperity while limiting its damages in the long run. There is a need to guard information flow and strong use of passwords and authentication codes to protect information from hacking and loss (Bloom, Garicano, Sadun and Van Reenen 2014). Moreover, corporate managers need to encourage face to face interactions from time to time to allow information and skill interaction essential in growth of corporate world. Conclusion Technology remains a great promise for the corporate communication is used effectively and with concern. Organizations ought to remain vigilant of the negative effects and practice good use to achieve success through technology. Technology is the change factor in the present and future operations, an innovation whose time has come. References Argenti, P.A., 2006. How technology has influenced the field of corporate communication. Journal of Business and Technical Communication, 20(3), pp.357-370. Bloom, N., Garicano, L., Sadun, R. and Van Reenen, J., 2014. The distinct effects of information technology and communication technology on firm organization. Management Science, 60(12), pp.2859-2885. John S., B 2000, 'The Effects of Technology on Retail Sales, Commercial Property Values and Percentage Rents', The Journal Of Real Estate Portfolio Management, 2, p. 185, JSTOR Journals, EBSCOhost, viewed 18 March 2018.