What steps can an organization take to incorporate technology and why might they be beneficial (name at least 3)?
What will be an ideal response?
Technology can work to a business's advantage if they use it effectively. Even if the business is not "technological," it can apply technology to make business operations more efficient and effective. The technology could be as simple as a telephone or as complex as a specialized piece of medical equipment. Companies should be aware of their options, but should be wary of adopting technology just for the "wow" factor. A cost/benefit analysis for technology implementation is as important as for any other substantive investment.
Advances in technology that ordinary people can use have been an important part of the entrepreneurial wave of the last decade. With this in mind:
1) Every entrepreneur should have access to a computer.
2) Every business should have a Web site and electronic mail access.
3) Every business should hire employees who are conversant and comfortable with technology.
4) Every entrepreneur should be aware of the specialized computer software and equipment that is designed for his/her industry.
One of the best investments an owner can make for a business is to buy a computer. Even the most basic model equipped with basic software can be used to:
1) Utilize the Internet.
2) Create stationery and business cards.
3) Produce professional letters and check spelling, grammar, and syntax.
4) Keep financial records.
5) Maintain an updated mailing list of customers and print mailing labels.
The phone is still one of the businessperson's most important technological tools. An entrepreneur can turn a phone into an answering service for the business by using a voice-mail system, or he/she can hire an answering service to provide a more personal touch. Either approach is acceptable - until you have staff to answer customer inquiries; although today some companies use automated telephone answering systems even if they have hundreds or thousands of employees.
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A) internal suppliers B) horizontal suppliers C) virtual suppliers D) external suppliers E) smart zones
Compare the three product strategy choices a firm like General Electric has when selling in foreign markets
What will be an ideal response?
Which of these statements accurately describes exploratory informative presentations? a. They should resolve any unanswered questions on the topic. b. Experts on the subject may be tentative with their conclusions. c. They assume the audience has some previous knowledge about the topic. d. They do not invite the audience to learn or discover. ______ is a form of informative presentation that uses entertainment, often in the form of humorous stories, sad tales, or daring narratives of adventure, to inform audiences about important social issues. a. Reality television b. A feature story c. Edutainment d. Fake news ______ informative presentations describe interesting people, places, or events. A key to this type of speech is allowing the audience to imagine interacting with the person,
place, or event. a. Explanatory b. Exploratory c. Demonstrative d. Descriptive
The accounting cycle begins with preparing an unadjusted trial balance
Indicate whether the statement is true or false