THE BUSINESS OBJECTIVES OF NEW TECHNOLOGIES INFORMATION TECHNOLOGY ESSAY

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Prior to think about starting new business or implementing new technology to the business, one must think about the “Objectives” what they are expecting from it and objectives are based on planning. Therefore, “plan” is the most important part and if plan does not figure out the outcomes, this would mean that the plan made is vain. So planning should be made under consideration that whatever objectives we are going to calculate from the business, plan should stipulate end results and its associated activities to achieve that results.

Objective may be set under the consideration of increase in monthly sale, profit or decrease in cost, operating expenses, check and balance on cash flows, debts, investments etc or non financial objectives such as customer satisfaction and whatsoever to give the positive edge to the business in the competitive environment. However, the selected topic would highlight the introduction of a new technology in an organisation in achieving its business objectives in following discussion.

1. Introduction

Lots of executives nowadays are more sentient about the strategic weight of technology in terms of providing the value and cut-throat edge to their companies in fast pacing business arena. Such kind of needs turn into more crucial issues when we talk about their practical implications in any business as it comprises not only cost and complexity but also increase in the rate of technology change, sources and competition.

This may sound uncomplicated in terms of designing it on papers, however putting it prudently into practice is not simple, as it requires valuable processes, management of technology and system to make sure that these technological resources are matched with the business needs, not only to cope with current demand but for the future needs of the business as well. Hence, no matter what technology is planned to introduce in the business, but it must considered that it assists the business processes such as communication and its implementation must be aligned with business strategy and development.

1.1 Technology And Its Appendage To Business