Research 5 papers and the fifth page is gonna be resources. The topic is (The impact of technology on enterprise) at less 8 paragraph and 6 racecourses

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Research 5 papers and the fifth page is gonna be resources. The topic is (The impact of technology on enterprise) at less 8 paragraph and 6 racecourses



Answered Same DayDec 29, 2021

Answer To: Research 5 papers and the fifth page is gonna be resources. The topic is (The impact of technology...

David answered on Dec 29 2021
112 Votes
pg. 1

Impact of Technology on Business Enterprises
The relation between innovative technologies and the growth in
realm of businesses is a proven fact and it is a truth that technology
has some positive impact on business enterprises both large and s
mall.
It is a fact that “No matter how big or small…company is, technology
brings both intangible and tangible benefits to become cost efficient
and to meet the growing demands and needs of customers” (Hohn, 2011).
It is an undeniable fact that if technologies like computers would not
have been invented then the shape of today’s corporations would have
been different. So, to understand the relation between technological
innovations and business growth and to ascertain the impact of
technology on large and small business enterprises we must analyze the
importance of technology in the realm of these enterprises.
Today’s enterprises are thoroughly dependent on technology and
this dependency is observable in the entire work atmosphere and
structure of the corporations. Studies have revealed that
“Technological innovations affect corporate efficiency, culture and
relationship among employees, clients, suppliers and customers” (Hohn,
2011). Technology plays a decisive role in enhancing the efficiency of
large and small businesses. At present, if observed carefully, it can
be found that business enterprises are keen to employ effective
information technology to increase their customer base and moreover,
almost all types of business enterprises either have installed
communication or automation technologies to increase employee and
business efficiencies or they are inclined to install such
pg. 2

technologies in the recent future to bring about growth in their
businesses. Moreover, “Innovations in information and communication
technology (ICT) are driving both globalization and the change of
value creation towards services” (Jetter, Satzger, & Neus, 2008).
Harnessing the power of information technology can contribute a
lot in the improvement of business processes and this in turn can help
the enterprises to accomplish the objective of profit maximization. If
keenly observed it can be found that “The Internet has transformed
businesses allowing communication to take place instantaneously as
opposed to older, outdated methods. There is no question that
technology has propelled businesses to new heights and has been a
boost to productivity” (“Technology Impact on Business Opportunities”,
n.d.). And this truth has now been felt by each and every business...
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