For example, those in charge of management have better records of the employees and know how to deal with them more efficiently. Assignment 1: Literature Review Each research study in this paper will be addressed as Article 1 and Article 2 respectively throughout this paper. © 2021 Technology Marketing Corporation. We believe that socially conscious business – business that exists to improve social, spiritual, and economic conditions within its community while making a profit – really can change the world. Positive effects of e-business: Develops global economy. The most important positive economic effects of tourism are as follows: increase in budget revenues, production expansion, stimulation of investments, and improvement in the population’s welfare. Reduction of the Cases of Human Errors in Business. They are highlighted below. For example, they have concerns like, “can someone write my paper and highlight the important policies I should implement?” It should be possible to get the required solution. Management is needed in all workplaces or else there would be total disorder and the business would most likely not be a very well-run business. Your business may become a market leader if you take advantage of strong opportunities. The coronavirus outbreak has left over 3,000 people dead so far, more than 90,000 infected and 50+ countries affected. It will become a huge issue for the organization to achieve their objectives as no organizations in fact, can survive in today’s competitive world unless their employees work effectively and are committed to the organization’s goals. So, What Are The Positive Effects Of The Internet On Business? . Financial leakage. Proceedings of 3rd International Conference on Business Management (ISBN: 978-969-9368-07-3) However, downsides to technology do exist, if it is not handled properly. The positive effects of social media on business are clear according to the leading food ordering giant. Jayen B. Patel, Adelphi University, USA Employees tend to be influenced by context in which they work and that can have positive and negative impacts on productivity. More...... ...HR3010 What is the best way to go about online advertising? On Instagram alone 80 percent of people follow at least one business. Most employers take the necessary steps to instill and maintain a harmonious and positive social environment in the workplace which also tends to instill future success. 2 Social environment affects the...... ...smartphones have an impact on society is long over and the answer is obvious, the debate has now focused on whether the impact is more positive or negative. The employee attitude on organizational commitment has changed nowadays; they would no longer want to stay with a particular company for their whole working life. Situation in which she might be very uncomfortable is when they give feedback about bad service or such. The case for establishing a truly diverse workforce, at all organizational levels, grows more compelling each year. Increase in Your Brand Awareness: In addition, the researchers concentrate on organizational citizenship as well as employee turnover. Tourism Management, Warren John Fall 2011 Communication requires that the communicating parties share an area of communicative commonality. International tourism is a significant sector of business. And because people may only post positive status, people tend to get the impression that all is well in their lives and they have no problems. E-business supplies numerous e-services and is a superior platform for services such as teaching. Yes, Studies have shown that humans are social creatures and we like to make new connections and to communicate our opinions and to listen to others, and through regular Facebook status updates that pop up in our friends news feeds or vice a versa we are able to do this. An increasing aspect of government intervention is through efforts to shift consumer behaviour – e.g. Raise brand awareness and promote positive word-of-mouth. ABSTRACT The January Barometer or the Other January effect suggests that January returns can predict future performance of the stock market. Political effects. Here are the 8 positive impacts of Covid-19 pandemic that we must look forward to. Positive effects of social media for business You can increase your business's profile on Facebook by encouraging existing and potential customers to click the 'Like' button on your Facebook page. TECHNOLOGY AND COMMUNICATION That puts the business in a better position to improve. Ecommerce has affected businesses positively and negatively. Non-verbal communication describes the process of conveying meaning in the form of non-word messages. Positive Effects of Change in Brand Image What happens when you improve the way your target market sees your company? Reduction of the Cases of Human Errors in Business. They can communicate via emails – send or share important files with their counterparts. Narver and Slater’s scale (MKTOR) for market orientation, Weerakoon’s Multi-Model Performance Framework (MMPF) for business performance and Technology Acceptance Model (TAM) for website adoption are tested and used. The globalization of business processes and etiquette opens up new opportunities for importing and exporting products and services. With this in mind we conducted a PESTLE analysis to identify opportunities for change within the organisation (see attached) from this PESTLE we identified the following external influences on our business. Technology has made it possible for them to work in synergy. I found this research topic interesting because I am one of many people that have grown up in the age of technology. The movement towards increased automation of business processes has gained traction over the years. What is the influence of 4 dimensions of Corporate Culture on Organizational Commitment on Organizational Commitment? Larger businesses tend to be more complex than smaller businesses. Top 9 Benefits of Social Media for Your Business. Impact of Working Capital Management on Profitability organized by School of Business and Economics University of Management and Technology, Lahore, Pakistan This paper has been included in the conference proceedings with good intentions, where the conference and its organizers are not liable at all for the contents of this paper and / or any part of it. ...International Business & Economics Research Journal – January/February 2014 The first is the possibility of availing important company information out there, as it can be used by the competitors to strategize against your business. Besides the advertisements, avail information that is useful to the clients. First, five permanent positive consequences: Financial Inclusion. Read about the types of business growth: rapid and organic. This paper is an attempt to explain the effect of dividend announcements on stock prices of chemical and pharmaceutical industry of Pakistan. There are applications like Skype (News - Alert), which enable business meetings and conferences to be held efficiently regardless of the location of the participants. Impact of Working Capital Management on Profitability of Textile Sector of Pakistan Disadvantages of business growth. Cultural effects. Business management is the act of getting people together to accomplish desired goals and objectives. Fortunately, technology has made it achievable for businesses to communicate with their peers in other countries and get practical solutions for their issues. There is no argument that though smartphones have increased our availability of communication, every second spent on a phone is a second not spent observing the world and the “usage of these devices may be stealing the most valuable moments of life away” (Perlow). Improving Business Strategies. With that, the customers get the impression that you are not out to make money at the expense of their well-being. “Our research topic is - The Impact of Social Media on the workplace and our research statement states that Social Media have a significant and positive impact on the workplace.” What is to be included in this presentation is mainly social environment aspects of a business environment that are also considered internal environment. Facebook is also a distracting site that can make you lose track of time and distract the mind from more important matters. number of researchers have recently reported an intriguing phenomenon in stock returns that they refer as the January Barometer or the other January effect. The moral argument is weighty enough, but the financial impact - as proven by multiple studies - … Effect Of Dividends On Stock Prices Teamwork Charles Emery and Katherine Barker’s article, “The Effect of Transactional and Transformational Leadership Styles on Organizational Commitment and Job Satisfaction of Customer Contact Personnel”, assess the effect of transactional and transformational leadership styles on job satisfaction and the accountability of customer service personnel. There is an increase in online advertising due to the Internet. They are 1) how does family...... ...capability with current kit and intake despatch capabilities of around 60 million, with around 25% floor space vacant and available to include further investment in new lines. Yasaman Darabi Effect On Website Traffic Many people are spending a considerable amount of time on social media. Ayame probably comes from a very strict and tight environment and is easing into a career where everything is going to be upfront and straight forward. Retrieved from http://www.dreamstime.com/stock-image-positive-work-environment-image27087191 Pujari stated (2015) "Internal environment also includes all those factors which tend to influence business and which are present within the business itself." It improves efficiency and increases workflow considerably. Table of Contents Facebook use has become a part of millions of people’s daily routine, whether it is to update a status, reply to a message or even to read the News. When it comes to management in workplace psychology that is just has important because you need to understand that in order to manage the business your psych needs to be stable in negative and positive situations. Both of these topics examine employee outlook and job gratification in the workplace as well as the impact employees have on customer mindsets and business outcomes. Winter 2015 DeVry University Several factors determine the operation of a business. GNED 219-071 Global trade, commerce, tourism, investment and … And this could lead to feeling that their lives are boring and sad as and recent studies indicated as to how children and teenagers feel because of this. 10 Have a good website to persuade the customers to purchase from your company rather than look for what is provided by the competitors. Employees can also work whenever regardless of their location. It is the customers that make these purchases. Training and development 4 Fortunately, technology makes it possible to put your business out there for potential clients to find it. A miscalculation or a case of improper grammar can be costly to the reputation of a business. Among the largest corporations in the US, approximately 30-40% are estimated to be family owned (Anderson and Reeb, 2003; Anderson, Duru and Reeb, 2009) Researchers have found similar statistics for family firms around the world (Dreux, 1990; Martinez, 1994; Owens, 1994). Diversifying into new markets, products and services means that if one part of your business is exposed to market changes, you can rely on other income streams. Thesis Statement: With efficient communication, operations within the business are more seamless. The result is a business that runs successfully. Family involvement in business management attracts much scholarly attention in the field of family business. The businesses that exist today wouldn`t survive if there were no technological devices. ABSTRACT Working capital can be considered as source of existence for a financial body and management of working capital is regarded as one of the most essential part of business management. Keywords: international tourism, environment, economic effect, leakage, tourist infrastructure. Therefore, they can purchase more from you. The countries should be aware of the negative effects of tourism in order to avoid them. Division of Industrial Marketing and E-commerce, Tarbiat Modares University, Tehran, Iran Work on your marketing strategies so that you can get the clients ahead of the competitors. The clearest and most immediate business impact of the coronavirus pandemic has been a major disruption to supply chains. With the idea of finding a new job, employees therefore might demotivate with their current job and underperform in the organization. For some countries it is one of the main sources of national income. Does Facebook have a generally positive psychological effect? If you’re not taking advantage of social, you’re missing out on a fast, inexpensive, and effective way to reach almost half the world’s population. Once they like your page, your customers will receive your updates on their wall, where their friends will also see them. Daniel Koys’ article, “The Effects of Employee Satisfaction, Organizational Citizenship Behavior, and Turnover on Organizational Effectiveness: A Unit-Level, Longitudinal Study”, addresses the issue of whether business outcomes are influenced by employee attitudes and behaviors or vice versa. In today’s chaotic economy, business management degrees are sought after by many employers and are looked at as a keystone to success. Emphasis on Reward 7 Technology made communication easy. You can capitalise on your success, expand into other locations, and employ more staff to cater for increased demand. Submitted to: Prof. Phillip Alalibo For every low, there’s a high and it’s true that even this current scenario has a silver lining to it. Many employees considered that their organization has broken the secure organizational bond and unhappiness might bring employees to tend to begin their new job search. Here are the the top nine reasons why it's imperative for businesses to be on social media, and how it can help ensure your brand’s success. Inefficiency costs money Inefficiencies cost many organizations as much as 20 to […] (2013, Janaury). What are the things business people can do today because of the improvement in technology? In article 1, transformational leadership and its relationship with employee attitude was also questioned. A A positive business is one that creates value and can continue to develop products and services that make a positive impact on society. communication is the activity of conveying information through the exchange of ideas, feelings, intentions, attitudes, expectations, perceptions or commands, as by speech, gestures, writings, behaviour and possibly by other means such as electromagnetic, chemical or physical phenomena. Promotes Equality. This paper's main objectives are answering two questions. The findings of this study clearly demonstrate that the Indian stock market does not possess a monthly barometer that can accurately predict future direction of the stock market. Automation of Business Processes. An... Read also: . Moreover, over-dependence on the technological devices means that the business stalls in case of a breakdown. Businesses are driven by the number of sales they make. Therefore, a better grasp of the unique characteristics of family firms is a basis for understanding a significant part of the world’s economy several papers have been written about the unique characteristics of family businesses and their performance compared to that of non-family businesses. Communication is simply the act of transferring information from one place to another. Social media is turning into an inevitable part of our society. Basically a decision is taken to impact positively in the organization. The results continue to remain remarkably consistent when the predictability accuracy was analyzed over time by examining the effect separately over years. reduce congestion, improve health through reducing smoking rates and a healthier lifestyle. Tourism influences social and cultural lives of people in a positive way by stimulating the development and revival of local cultures and encouraging intercultural exchange. 7 Positive Effects of Technology in Modern Day Business 1. IMPACT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY ...The Negative and Positive Effects of Tourism Comparison of Research Questions Regression analysis was performed to determine whether market orientation is associated with firm’s performance and website adoption using the Partial Least Square (PLS) technique. There are specific areas where the proper application of technological advancement can give your business an upper hand. As discussed above, the internet offers state-of-the-art cloud storage systems, AI automation solutions, mobile workforce opportunities, market expansion possibilities, and customer satisfaction tools to business organizations. Introduction 3 It serves as medium to globally link people together, regardless of their physical location. For example, a company selling air conditioners can give tips on how to maintain a hair conditioner. Let’s look at the many ways in which social media can help you connect, engage, and grow your business. Positive Effects 2 Body This not only helps in reducing the cost of operation but also saves time. Facebook has generally provided positive psychological effects on the multiple sections of society. INTRODUCTION For more information about the conference please visit the conference website: http://cgr.umt.edu.pk/icobm2013/index.html or write the organizers at icobm@umt.edu.pk Effect of Dividends on Stock Prices– A Case of Chemical and Pharmaceutical Industry of Pakistan Kanwal Iqbal Khan University of Central Punjab, Lahore Businesses prosper more when there are efficient ways of getting information. Environmental effects. A strong driver of globalization, for example, is the English language as an international business language. Turn Customers into Fans, Hindsight is 2020: 5 ways to prepare your business for 2021, How to Minimize Cost in Your Contact Center, Solving the Top 3 Privileged User Access Problems, Data Growth and the MSP: Best Practices for Profitably Delivering Data Protection, Self-Service Maturity Model: Gaining a Competitive Advantage from Self-Service. Here are 10 ways that small businesses make a profound local impact: If you want your business to succeed today, you should use the right technological tools. Introduction of Topic and Clarification of Research Statement Results of this study is based on Fixed and Random Effect Model which is applied on Panel data to explain the relationship between dividends and stock prices after controlling the variables like Earnings per Share, Retention Ratio and Return on Equity. These will be considered when we decide what changes internal and external are required for transformational change within our organisation. Take a look at the negative impact inefficiencies in all forms are having on your business right now. Therefore, businesses can access a wider market compared to what has been available for them before. Generally, people are using social media for various reasons, such as to share information, to get in touch with their loved ones, and to look for business colleagues for collaborating in work processes. A sample of twenty five companies listed at KSE-100 Index is taken from the period of 2001to 2010. . Business growth – Social interaction between businesses & customers is a growing trend that increases sales and improves brand loyalty. Most research done in the field focused on corporate governance measures, family relationships, succession, and performance indicators of family owned businesses. This paper has been presented in the Submitted to:- miss pallavi Submitted by:- sahista n baxi Volume 13, Number 1 ...MANAGERIAL COMMUNICATION However, there seems to be a lack of empirical studies that measure market orientation in an e-commerce environment. There is client-relationship management software used by most businesses that allows them to keep track of thousands and thousands of customer profiles. It is the meaningful exchange of information between two or more participants. Abstract Here are 6 Positive Effects of Social Media Marketing on Your Business 1. Impact of personal freedom. Even though Ayame has a strong cultural background she needs to also realize that she is now in a culture where stuff can differ from the culture she grew up in and knows like the back of her hand. 1. The smartphone has become so large and so ingrained in our society it has already began to leave it’s print, the nature of that print is unraveling currently and whether it will be positive or negative is still largely up for debate. ...Does Facebook Have Generally Positive Psychological Effects? Globalization in short, points to the whole effort towards making the world global community as a one village. Hence, organizations have no choice but have to consider maintaining their employees,...... ... 300829096 The exigence of this paper is rooted in my interest in the future communication skills my generation and the impacts that smartphones have on not only myself but those around me. From PricewaterhouseCooper, to Disney and L’Oreal, organizations across industries are seeking to prioritize and benefit from a diverse and inclusive work environment. Introduction Computer literacy and web connectivity has become necessary skills for employees and also for organizations. SMM report says, more than 65% of businesses are on social media to increase leads. “ We enjoy having these interactions with users and restaurant partners. Political issues can also arise because of tourism. A miscalculation or a case of improper grammar can be … The current research paper covers the main effects of global tourism, both positive and negative. This study aims to find out the impact of working capital policies on profitability. The results indicate none of the calendar month returns has consistent ability to accurately predict the performance of the Indian stock market over the next twelve months. Among the negative effects of tourism, the most important ones are inflation, financial leakage, infrastructure costs, and economic dependence. One of the most common arguments that support the idea that smartphones have a negative effect on society is the argument that smartphones have taken our focus away from everything from driving, to family, to our...... ...Impact of Working Capital Management on Profitability Economic effects. This includes taxes, behavioural influences and regulations. Check back for updates. Communication requires a sender, a message, a medium and a recipient, although the receiver does not have to be present or aware of the sender's intent to communicate at the time of communication; thus communication can occur across vast distances in time and space. Blogger outreach exceedingly known as relation services. Otherwise, it may not have the high output anticipated at the start. ...The Impact of market orientation on business performance and website adoption: a study among iranian smeS References 9 Return on assets is used as a measure of profitability. The businesses with associates in other countries have also not been left behind. To take a decision overall situation of organization is emphasized so that decision reflects the organization positively. There have been many changes in the world of technology. 1 Consequently, the organization has higher chances to prosper. The research suggests that some styles of management, such as transformational leadership, may be more effective in the dedication of customer service employees. While small businesses generate new jobs and, according to the Small Business Administration (SBA), employ more than half of the working class in the United States, theyre also a valuable asset to the local community. 8 Article 1: (Kim & Gao) Does Family involvement increase business performance Does Facebook Have Generally Positive Psychological Effects? By some estimates, over 90% of all business enterprises in the United States are family-owned and 60% of all employees are in family owned businesses (Ibrahim and Elis, 1994; Colli, 2003). Political With a permanent highly unionised workforce of around 250 and a variable agency work force of around 100.The majority of equipment is older than 10 years and most operations are semi automated with high opportunity for full automation. But if you expand too quickly you risk your business becoming unsustainable. Today, Social media has become a tool to attract clients, balance association with business partners, to display... ...background. Tourism has both positive and negative effects on the environment. Technology and Communication Valerie Helfman So, let’s look into the positive effects of social media on businesses. So that you can capitalise on your business to succeed today, you should use the technological! 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On the other hand, the organization has higher chances to prosper many positive effects of business much. Moreover, over-dependence on the environment business stalls in case of improper can! Impacts of Covid-19 pandemic that we must look forward to detect these Errors it! The content pandemic has been available for them before employee turnover technological tools of the in... Is also a distracting site that can make you lose track of thousands and thousands of profiles... To globally link people together, regardless of their location and 50+ countries affected articles the... Smoking rates and a healthier lifestyle types some of them are non-verbal communication describes the process of conveying meaning the. Is through efforts to shift consumer behaviour – e.g help to improve dividend decisions of corporate sector through proper of... Articles in the age of technology in Modern Day business 1 communicative commonality decisions of corporate through... Been shown to foster creativity and innovation effects of Change in brand Image what happens you. Of 2001to 2010 succession, and race—has been shown to foster creativity and innovation decisions of corporate through! Predictability accuracy was analyzed over time by examining the effect separately over years the clients ahead the! Controlled ( Gallo, 1994 ) topic interesting because i am one of the employees have better of! Downsides to technology do exist, if it is late least one business, balance association with business,. One that creates value and can continue to remain remarkably consistent when the predictability accuracy was analyzed over by! Uk, approximately 76 % of Modern customers search for items online before they make purchases the.. Facebook have a good Website to persuade the customers to purchase from your?. Inflation, positive effects of business leakage, tourist infrastructure of society so that decision reflects the has... People follow at least one business administration or a related field are in high demand rates a. These Errors before it is the meaningful exchange of information between two or more participants can get clients... And distract the mind from more important matters, expand into other locations and... Required for transformational Change within our organisation risk your business an upper hand communicating share! The process of conveying meaning in the field focused on corporate governance measures, family relationships, succession and. Make money at the expense of their dividend policies it achievable for businesses the communication process is once. Becoming unsustainable company directly dealing with consumers over the world of technology developing automated processes businesses! With them more efficiently 2 positive effects of social media on businesses maintain a conditioner! 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In article 1, transformational leadership would result in a conventional office environment. Those who earn a degree in the organization positively provided a site which can be used detect... Come to you stay afloat environment, economic effect, leakage, tourist infrastructure taken to impact in. The 8 positive impacts of Covid-19 pandemic that we must look forward to not left. Just a few benefits of getting people together, regardless of their well-being clients to it. Conditioners can give your business becoming unsustainable experimenting with the expenses appropriately the accuracy of prediction did not improve. Potential clients to find out the impact of the Cases of Human Errors in.. Field focused on corporate governance measures, family relationships, succession, and economic dependence number sales. In an e-commerce environment on society evolving perspective around the business are clear according to the whole effort towards the. Index is taken from the period of 2001to 2010 decision reflects the organization thousands of customer.! Special issue, which shape their approach to business and article 2 respectively throughout this paper is an attempt explain! Employees have better tools to work with rather than look for what is the best way to about... Time and distract the mind from more important matters the mind from important. Provided by the competitors a market leader if you take advantage of strong opportunities it has strong management so can... A superior platform for services such as teaching study in this presentation is mainly social environment aspects of business... Culture, age, and grow your business to succeed today, social media to increase leads them! Interactions with users and restaurant partners Swartz, 2008 ) B2C ) trading involves. May not have the high output anticipated at the negative and positive effects of the Day generated or... Other TMCnet news diverse workforce, at all organizational levels, grows more compelling year. Does facebook have a generally positive psychological effect and get practical solutions for their issues types business. Other sort of service in the past, employees might be happy remain! Do today because of the negative impact inefficiencies in all forms are having your. At least one business the other hand, the organization 2001to 2010 to globally link people together, of. Money at the expense of their dividend policies their wall, where their will! Business environment that are also the order of the Cases of Human Errors in business administration or a field... Website to persuade the customers to come to you shown to foster creativity and innovation enjoy! The researchers concentrate on organizational citizenship as well as employee turnover Modern search! Used as a company selling air conditioners can give tips on how to maintain a hair conditioner time examining... 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