How Information Technology Affects Business Essay Example for Free

How info Technology Affects Business commemorate well-nighAs a business owner, and manager the need for a way to manage our discipline is essential. The energy to handle the overwhelming amount of data and information that goes through a company every day clock could be a key factor in whether a business fails or succeeds. (Ebert Griffin 2005) The dodge in which we collect and use this information is c every last(predicate)ed an Information System (IS). An IS is used in financial accounting, managerial accounting, by laborers, and executives. In my basket shop, an Information System is what completelyows us to keep track of orders, from the time they argon received to when they are delivered. It keeps track of customer information, the supplies ordered, what supplies curb been used, and whether we need to reorder.IS also keeps track of what we are spending, how to a greater extent than we are making, and whether we are making a profit or loss. There is so much more th is system does for us, but basically lets us be more efficient, offer part customer service, and concedes us to see our problem areas. We can then correct any problems, and set better goals and plans for our future. The use of the Information System has allowed us to hire fewer employees, and be a lot more competitive in the market. I have to say if we did not have any kind of way to manage the information we receive, we could not be as efficient, which would lead to customer dissatisfaction, and in the end we would go out of business. We all know that in todays society. Businesses are expected to be proficient by responding quickly in fulfilling all orders correctly and with a timely delivery.Web sites are becoming a vital communication neb almost as valu adequate as the telephone, and much more flexible and economical than a printed folder or flier (Internet Use, 2000)With the use of email and the internet we depart have drastic reductions in cost, change magnitude speed in communication time, and a larger customer reach and satisfaction. Email pass on allow us to save money on stamps and paper, cut response time to a minimum, and send advertisements about sales to previous customers who took this option. A problem that used to communicate days to handle before by mail, waiting for papers to arrive by mail etc, is now handled in minutes. Without the internet, we would not be able to offer a virtual store front online, which allows us to reach customers, thousands of miles away,that we would not reach otherwise. The online store, will give the customers the option of having their basket delivered, or they can order ahead of time and pick up at the store location. The internet provides access to the World Wide Web (WWW). With the WWW we can do more cost efficient and quicker research on our competitors, suppliers, and the local economic status.Being better informed, we will be able to keep our prices fair and reasonable, yet still crystalize a profit . by means of the use of the internet, and succor from a GPS tracker, we will be able to keep track of packages being delivered. This will allow us to keep our customers better informed as to when they will receive their basket and make sure they dont get lost. The World Wide Web will also allow us to throw payment options that we would not be able to afford otherwise. With the help of ProPay and PayPal we will be able to take payments with credit cards that we would not be able to offer if the internet was not available. In conclusion, with the help of email and the internet, we will be able provide faster, dependable, more cost efficient service, and in fall have better customer satisfaction.Information technology has become an important part of most of todays businesses, it provides us with a way to process, create and store information. With a Database management program a single spot of data is put into several different files to create useful information. It has allowed u s to eliminate the middleman in most cases. In cutting out the middleman, this has allowed quicker response times to situations and increase productivity and set better performance goals. We have more reliable financial statements. It allows you to set up filters, so when feeling at certain areas, you arent wasting time looking through useless information. This in turn saves time and saving time saves money. When keeping customers information stored in our system, it allows us to be more personable and build up stronger relationships with them.The use of email, internet, and information technology allows us to do things we wouldnt have dreamed of years ago. We can maunder face to face with people while being continents apart, we can find information we need at the touch of a couple of buttons, and in return have become more productive, proficient, reliable, and better planners. Because we have increased ourproductivity, and improved our performance due to the technology, we have become more profitable as a result.ResourcesEbert, R.J., Griffen, R.W. (2005) Business essentials (5th ed.) Upper Saddle River, NJ, Prentice Hall.Rooster Graphics International. (2000). Internet use by teeny business. Retrieved September 29, 2006, from Rooster Graphics website http//www.rostergraphics.com/ADMIN/SBuse.html