Ict running a business and Trade Essay

ICT in operation and Commerce

Changing Shape of Organisations

•More folks are working for themselves or intended for small businesses •Large organisations have grown to be " flatter” i. electronic. less hierarchical. People are employed in groups instead of individually. •Knowledge workers want less oversight than manufacturer workers mainly because they know very well what to do so when. They need info rather than direction. Using ICT to Set up a Small Business

Any small business a telephone and a great answering machine.

For about £800+ a small business may also get:

•Spreadsheet (Help set up business plan by simply calculating anticipated income and expenses. Carry out " what if” concerns to test the effect of bringing up or lowering prices). •Graphics (Create high quality commercial documents i. at the. design logo, headed standing, business cards etc . ) •Word Processing (Design invoice immobile, send mailshots etc) •DTP (Design marketing, promotional material etc . )

•Database (keep a mailing list)

•Accounts

•Fax (fax device comes with many PCs)

•Internet and Email (communication, on-line sales)

ICT in Financial

•Telephone/Internet Bank (consider the difficulties of traditional bank closures in rural areas) •ATMs

•Debit and Credit Cards

•MICR

•Direct Debit (salaries, bills and so forth )

•Electronic Smartcards (e. g. Mondex) - could we have a cashless contemporary society? Shopping around the Internet (E-Commerce)

Positive aspects:

•Open day-to-day

•By asking customers to " register”, businesses can easily build up databases/customer profiles •People can store without going outside

•People can search significant online directories to find exactly what they want (see the case analyze below) •A site just like Amazon provides reviews of books, CDs and game titles. You can read how many other people thought of the product just before you buy. •Amazon allows customers to listen to an example of each track on the COMPACT DISC before they will decide to buy •Businesses have fewer overheads and these financial savings should be given to to the customer. Drawbacks:

•Some persons actually enjoy...

Popular

 Impact of Oil Selling price Shock as well as its Effects on Stock Comes back in Nigeria. Essay
Impact of Oil Selling price Shock as well as its Effects on Stock Comes back in Nigeria. Essay

CHAPTER ONE 1 ) 1 BACKDROP OF THE STUDY Oil cost shocks creates a great challenge to policymakers and economist across countries, in terms of the increasing spate…...

 Essay about Bill of Rights
Essay about Bill of Rights

Invoice of Privileges Paper University of Phoenix HIS/311 Intro The initially 10 Changes to the US Constitution will be known as the Costs of Privileges. The…...

 ComparisonContrast from the Shrew and 10 Issues Essay
ComparisonContrast from the Shrew and 10 Issues Essay

William Shakespeare was born in Stratford-upon-Avon in the core 1500's. (" Biography of Shakespeare”) As a result of time period Shakespeare was by he wrote differently than persons do today. Shakespeare's…...

 Killer Bronze Essay
Killer Bronze Essay

The Killer Suntan The use of tanning beds is becoming increasingly popular in minors and young adults. Young adults see famous people on TV and in magazines with…...