Effects of New Technologies to the Family Business

Posted on November 5, 2013

[by Enrique Soriano]

BUSINESSES that are handled by families need to be equipped with the proper set of tools. The members of the family are expected to contribute and support the operations of the company. The problem is, at some point, not all of the members in the family possess the necessary technical skills needed for the business. This is where the use of technology could take place. Business tasks could be completed through the use of machines, gadgets and other technology-based mediums.

Running a business requires technology in these times, because customers are now more knowledgeable and selective. They would like to receive value for money, which means a company would have the most satisfying products and services. Customers look for convenience and instant delivery of their orders and requests. These call for strong capabilities which could be achieved a lot easier through technology.

Any company that would not improve on technology would not be able to make it in the industry. If you are thinking that people is the greatest asset of a company, then yes, you are right. However, if you would be looking for uniform quality at the fastest and even the cheapest if not the most reasonable rate, in reality the use of technology could have things done twice as much of the same high quality and as fast as what people could ever deliver at the lowest cost. So, having the latest equipment by your side is an advantage. On a similar note, if you would not have internet access, then you might as well resort to limited sources of information or take longer periods of time just to get the attention of your target clients. Looking at the bigger picture, if that would be the case, it would be like a race between a turtle against a rabbit!

Technology is present in many areas of business. Beginning from human resources, accounting, sales, promotions/advertising, public relations, legal, purchasing and even to the production and all other departments, technology plays a major part. Some of the usual applications of technology that ease the work at the office involve the use of computer programs like Microsoft Office, which includes Microsoft Excel, Microsoft PowerPoint and Microsoft Word. What could be useful in these programs are the templates for presentation, business card making and charting that are already available for those who are always busy and need some organized material. Recruiting highly competitive staff could be laborious work for the old-schooled. Nowadays, there are softwares that sift through the pile of resumes sent by applicants, leaving only the ones that contain the criteria that the company requires and prioritizes. To those who are having difficulties with how to go about their businesses, say the basics of accounting (for the first timers in the business), electronic books are made to give the simplest explanations. Training the staff could be conducted through educational videos that capture all the important lectures that would not only teach step-by-step, but could also entertain the trainees. In the area of making a specific company’s branding known to the public, it is the development of a unique company website that would comprehensively provide the public with the impressionable, accurate and remarkable data on-line which technology proves its worth. Most companies utilize search engine optimization or SEO which uses specific keywords to make the search online fast.

The use of SEO could make websites appear right on the very top of the list. The use of electronic mail and on-line faxing are quick mediums for communication on the internet. All departments of a particular business could benefit from these means of fast communications in the virtual world. Paying bills of the company have never been easy through the use of online payment. Credit cards are widely used and electronic bank transfers are quickly done with just a few clicks. The use of cash registers makes your sales systematic and easily monitored. Using it could lessen the time customers wait on the line. The entry of robotics in the aspect of production made waves by improving quality and increasing output in tremendous quantity. The flaws of each product would be evaluated at an instant and specific features could easily be customized and installed.

The closed-circuit television or CCTV camera is another example of the many positive effects of technology to business. The security of the business establishment is closely observed. After the many unfortunate events that led to the closure of many businesses because of theft and other dangerous attacks, the use of CCTV cameras has become ever more important in the security department. It could uplift the sense of security of the clients, the employees, and the owners, because they would know that whatever unlikely happening occurs, they could be assured that significant evidence could be retrieved from these devices.

Technology has greatly impacted the way different businesses; including family businesses are operated. It has changed the way products are manufactured and services delivered. It has changed how people think and expect from companies. Moreover, through technology, many things have become possible, which would have never been possible in the previous decades.

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