Information Technology & Its Uses in Business Management

[Md. Anikuzzaman]

Information technology is an essential partner in management of your business, regardless of the kind of enterprise you operate. Whether you need computers for storage, transfer, retrieval or transmission of information, you can manage your business with greater accuracy and efficiency with the assistance of information technology and computer applications. The U.S. Small Business Administration suggests it's time to get connected.

Storage
You may already use a computer for data storage for your business. Inventory, sales, receivables and payables stored in Excel, Open Office or a similar program keeps these figures at your fingertips. Accounting software stores your payroll information, tax records and specialized data for your business. Once you're acquainted with a program, you won't know how you functioned without it. You can eliminate much of the physical storage at the office by using information technology to scan and store old personnel and payroll files, tax files or client files. You may need less square footage with information technology.

Marketing
Large and small businesses are on a level playing field on the Internet. You can have a Web presence, take orders, buy merchandise, sell excess or even operate some businesses entirely online. A marketing tool that uses information technology is the Quick Response or QR Code that looks like a bar code but is square. A scan advertises your website address and includes any text you choose. You can use your business management skills to direct employees or contractors to do your Internet marketing, or you can choose to learn a new set of skills in information technology.

Information
Whether you learned business management by the book or by practical experience, you'll need updates all of your life. The Internet is a wealth of information to keep you current with trends, techniques, software and human resources. You can draw on online databases and websites to locate potential employees, compare insurance proposals, tackle employee issues or check out the competition. Managing your business with information gleaned from the Internet keeps you knowledgeable and on the cutting edge.

Communication
Communication by email is faster and costs less than sending a paper letter in the mail. You can transform your business to the 21st century with the use of email for communication with clients or customers. Information technology allows you to organize email file folders by client or by type of communication, such as orders or billing. You can drag and drop your email files to closed folders as your company completes projects. Your communication files become closed files, placed in storage on CD or on a hard drive with a duplicate copy or backup automated by a program or service.

Source: http://smallbusiness.chron.com/information-technology-its-uses-business-management-51648.html