Advantages & Disadvantages of Technology in Your Business

Wednesday, June 15th, 2011

In today’s society, technology is a necessary component of business yet many businesses are hesitant to take on the additional expense.  As technology progresses, older systems need updating. Implementing new technology within a business, offers many great opportunities for your company to develop a distinct advantage in a highly competitive market. Many businesses have recognized this potential and are integrating the latest technologies into the workplace with a strategic mindset.

To utilize technology to its fullest potential, upgrading can be viewed as an excellent chance to increase your competitive advantage. Several of the more traditional business models are changing with the integration of technology and your company can creatively make use of upgrades, to achieve success from the benefits digital innovation offers.

Advantages New Technology Offers:

Waste Reduction-leads to lower costs and higher profitability.

Reduced Workforce- fewer positions may be required, when previous tasks performed by personnel become automated. If the existing number of employees is minimal already, attrition may be the next step.

Increased Profitability-due to increased efficiencies, which reduces expenditures, new technology allows jobs to be completed quicker and more accurately, to allow a steady cash flow.

Increased Productivity-among team members coupled with the introduction and implementation of new technology, creates additional efficiencies and overall production.

Higher Income-the greater the business profits, the greater opportunities there are for employees to increase their income, via bonuses or raises.

Improved Communications-allows information to be sent, received and responded to instantaneously, whether through e-mail, computer networks and cell phone use. Long distance communication of documents and information can be passed along much more rapidly. Remote based employees have immediate access to staff from cell phones, web cams, video conferencing and laptop use.

Competitive Advantage-allows a business to reduce product/service costs, while increasing profit levels, without compromising customer service.

Disadvantages of New Technology:

Management’s Decision-to upgrade with new technology can be extremely difficult. Do you buy now or wait for the next technological advance? The decision to do so can and usually is an expensive one. What’s more, the integration of and training required among the workforce, is a whole other task in its self.

Regular Maintenance-of new technology will be required to keep efficiencies flowing. More importantly, questions that must be answered in advance are, if the machinery on a production line breaks down, will this cease all production? What alternatives are available that can be immediately implemented, if this occurs?

Costs-will be reduced if integrated properly and therefore, the decision is whether or not the extra capital is available to purchase the new technology.

Additional Time-will be required for training and if you have to reorganize the workplace to accommodate the new technology. This is an important decision that must be taken into consideration, if your business works within tight deadlines. Furthermore, any IT issues that occur will need to be resolved quickly, to ensure the transition is as seamless as possible.

Abuse-of the technology made available to employees on their job can be excessive and very costly to a company, i.e. constant instant messaging, personal use of social media, non-work related emailing, inappropriate use of information on the web.

The key to deciding whether or not to upgrade your business with new technology lies in your ability to fully understand the culture of your workplace. This is an important aspect of managing any workplace. The culture of your organization is critical in hiring and retaining effective employees. Culture involves how workers feel about the organization and how they feel about their jobs. Create an environment that’s aligned with the company’s overall objectives and mission. A culture where employees not only trust their leaders, but are willing to follow them, even when they’re uncertain about change.

Closeup of business people showing unity

The Hidden Message Within

Friday, June 3rd, 2011

The dot.com meltdowns and unfortunate events that occurred in the early 2000’s created an amazing opportunity for businesses in Silicon Valley. It allowed them to regroup and build cultivating work environments. Given the complications our economy has endured over the past several years, people (most) are much more apt to be part of a team now more than ever. When people work collectively as teams rather than as individuals who are just there to collect a paycheck, productivity increases, morale is heightened and loyalty exists everywhere. All of which are among the top qualities necessary for boosting customer acquisition and retaining and growing the existing customer base.

People crave to be a part of something and want desperately to feel as though they’re contributing to the overall good of something; however, the fear factor is what permeates organizations, these days. That fear can be so overwhelming that it debilitates people’s willingness and ability to create and produce. Ironically, “people” are what keep a business, any business operating successfully. People are every organizations’ number one resource to achieving any goal, hitting a milestone or meeting any objective set. When companies provide ongoing opportunities for people to stretch their minds, enhance their skills towards their own aspirations, they’ll grow like a flower does with the sun and water. What’s more, they’ll end up creating huge competitive advantages for their company, every time.

Service minded individuals are always quick to recognize obstacles within an organization and are even quicker at wanting to remove those obstacles, to ensure they perform at the highest level of productivity as possible. Their intent is to make sure both internal and external customer satisfaction is met.

So exactly how do service oriented people identify and breakthrough the barriers that lie in the way of goal achievement? They build one-on-one relationships by connecting with others at a very basic level of communication and human interaction. They get to know people by asking a lot of questions and listening with intent. They ask others for their feedback on ideas. They ask for their involvement in identifying what’s working, what’s not working and most importantly, what they can do as a team, to improve matters that will allow them and the organization to continue moving forward. Through this type of ongoing communication; trust, respect and integrity are fostered.

Nobody trips over mountains. It is the small pebble that causes you to stumble. Pass all the pebbles in your path and you will find you have cross the mountain. The mind does not create what it perceives, anymore than the eye creates the rose.

~Ralph Waldo Emerson

Business people standing with hands together

Riding Reputation

Wednesday, January 6th, 2010

Hi Yo Silver!

The virtual bandits of the Wild Wild Web are at it again!

Consider this scenario – you want to check the balance on your hard-earned savings.

You’ve chosen to bank with a credit-union because of their reputation of serving members, rather than lining shareholder and director pockets.

And, so has your favorite search-engine, which you use to access your credit union’s website. You intuitively trust its reputation to reliably provide the link you need.

Your credit-union appears at the top, as it always does. You click on the link, log in to your account – but the service is temporarily unavailable. You decide to shop online, and check your account later.

Not so fast! You’ve been scammed!. While you’re browsing for pre-Christmas deals, your account is being plundered!

GoHuman believes reputation is your most important business asset. A quality reputation is worth far more than the tangible assets of your business, which is why corporations spend billions on brand. To compete, you must nurture and protect your reputation. James Russell Lowell wrote “Reputation is only a candle, of wavering and uncertain flame, and easily blown out, but it is the light by which the world looks for and finds merit.”

GoHuman.com was built to turn the “candle” of your reputation into a beacon, letting the world know that your customers recommend you. And best of all, GoHuman.com isn’t a mechanical search-engine that can be manipulated by scammers or billion dollar budgets, GoHuman.com is a community, where real customers vouch for your reputation, providing an accurate and trustworthy reflection of your service.

Post your services today, and request endorsements from those who know you best. It’s easy, and it’s free!

And if you’d like help leveraging the full power of building your reputation quickly and effectively, email Refer@GoHuman.com and ask us to put you in touch with a Local Marketing Consultant so you can get on with doing what you do best — providing that great service.

Come on Kemo Sabe, what are you waiting for?

The Lone Ranger, Tonto and Silver

Let’s Get America Working Again

Saturday, September 5th, 2009

I love a good play on words.

GoHuman.com’s primary tagline is “change the way your world works”, highlighting our mission at an individual and a collective level.

In today’s blog I’m at it again, referring back to yesterday, where I quoted a respected investment newsletter using its own play on words about there being more labor than jobs.

We can change that. We can fix it.

As our leaders work to deal with the impact of the recent financial train wreck, we at GoHuman.com are launching a site we believe will empower you to help correct the problem from the bottom up.

GoHuman.com provides a fast, free way for you to find work that needs doing, and do it, or to hire someone to help you get something done that you need help with. And it does this efficiently and inexpensively, making projects large or small economically feasible. Many of the costs that do not contribute to the actual value of the service performed are removed from the equation. This can create more opportunity for valuable work to get done, kick-starting the micro economies we all participate in at the local level.

With lower marketing and advertising costs, for example, gohuman.com can connect you quickly and efficiently to the actual task that needs doing, making it easier for someone else to pay you a wage, or fee, in accordance with the time, materials and craftsmanship it will take you to perform the service, in a win/win arrangement.

This is but one of the ways in which gohuman.com can get America working again. As we grow our userbase in each local community the impact to the overall economy will increase – one job at a time.

So get vocal about local. Help us spread the word, and let’s get America working again.

strike

The Story of Stuff

Tuesday, July 7th, 2009

If you haven’t seen this yet, check out Annie Leonard’s Story of Stuff. An insightful animation tells the story of the global supply chain.

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