Technology has stood a great impact on our way of life. The effect has become gone through everybody within our societies. Most organizations have been afflicted with technology either positively or negatively. Therefore, these organizations already went through a transformations so that they can employ technology in their day to day activities. Advantages and drawbacks planning to demonstrate how technologies have transformed organizations.
Most organizations have flattened due to technology. Technology has empowered employees to produce more decisions than ever before. Therefore, with fewer employees, a business can achieve a preferred a higher level output. Consequently, organizations have downsized; reduced the number of employees along with the variety of levels in their organizational hierarchies.
On the other hand, technologies have triggered redefining of organizational boundaries. Through technology, organizations can easily link to suppliers, customers, distributors along with other business partners. These linkages cause an efficient flow of information and interactions among different organizations like these folks were one big organization. Therefore, quick services and reduced costs of operations have been realized.
Additionally, Fintech directory has changed the management process. Technology has changed the management process through providing powerful capabilities to managers to plot, organize, control and lead. Managerial functions have been computerized with a extremely high degree, as well as in those circumstances where computerization is impossible, computers provide information to managers to help the within the management process.
Technology has triggered the separation of training from the location. Technology has made it feasible to arrange globally but work locally. Most of the people organizations don’t have to be physically present to perform activities within the organization. Processes could be controlled coming from a safe place and expected outcomes realized. That is has become achieved through global networks that have extended global reach.
On addition, workflows in organizations have been re-organized by using technology. Through technology, automated work procedures have replaced manual work procedures. Most activities in organizations are finished through programmed systems that are more efficient. It is resulted in the reduction of the price tag on production, service improvement, efficiency, merging of some activities and increased productivity.
Finally, technologies have increased the pliability of organizations. We live in a society of changes as well as in to survive, we should instead respond appropriately to those changes. Therefore, organizations need to be flexible to reply to these changes which occur frequently. Through flexibility, organizations can easily solve their problems and take advantage of new market opportunities. It is been achieved through technology, which provides information about how to reply to these changes.
Conclusively, technologies have played a huge role about how organizations accomplish complete to day activities. Technology has brought more importance than trouble for organizations. It can be upon those organizations to choose the appropriate technology to try.
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