Merits and Demerits of Mobile Phone in Business Perspectives
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Added on 2019-10-18
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This paper analyzes the positive as well as the negative effect of the mobile phone industry on the company. It examines the role of the mobile phone industry in the business and how it affects the business. It proposes strategic steps to improve the effectiveness of mobile technology in business.
Merits and Demerits of Mobile Phone in Business Perspectives
Added on 2019-10-18
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Running head- Mobile Phone Industry in Business Perspective Merits and Demerits of Mobile Phone inBusiness Perspectives
1Mobile Phone Industry in Business Perspective Table of ContentsIntroduction.................................................................................................................................................2Aim of the paper......................................................................................................................................3Objectives................................................................................................................................................3Justification.............................................................................................................................................4Literature Review........................................................................................................................................4Merits of Mobile Technology..................................................................................................................4Demerits of Mobile Technology On Business.........................................................................................8Summary...............................................................................................................................................12Methodology.............................................................................................................................................12Methods.................................................................................................................................................13Questionnaire.........................................................................................................................................13Data Collection......................................................................................................................................14Data Analysis........................................................................................................................................14Conclusion.................................................................................................................................................15Reference List............................................................................................................................................16Appendix- Questionnaire to be Used.........................................................................................................19
2Mobile Phone Industry in Business Perspective Introduction Technology is one of the fasted growing elements which have effected the business worldsignificantly. Technology has changed the business scenario and the way of doing business hasbeen changed considerably due to the emergence of advanced technology. Technology plays avery significant role in business nowadays and due to its importance in the business, it hasgained a central place in the business (Christy and Kuncheva, 2018). It has become an essentialcomponent without which it is very tough for a firm to sustain in the market. Thus, it can be saidthat technology has become an important factor in order to achieve competitiveness in themarket. It helps the companies to fight against competitive firms in the market. Mobiletechnology is also an example of technological advancement. Mobile technology has alsoaffected the business world considerably. There are several advantages of mobile technology tothe business. Mobile technology helps the organization to achieve competitiveness in the market.The significant effect of mobile technology can be seen on business communication. It improvesthe marketing communication of the organization. Mobile technology has also a significanteffect on sales of the product and services of the organization. It helps in gaining propercoordination and cooperation among the team members (Ajumobi and Kyobe, 2017). Theorganization can also promote coordination among different departments of the organizationusing mobile phone which ultimately improves the performance of the organization along withproductivity. Thus, mobile technology has also become an essential component of the business. The effect of mobile technology is extensively found on financial institutions. Mobile technologyplays a very significant role in banking and payments. Almost every financial institution has a
3Mobile Phone Industry in Business Perspective smartphone app which facilitates the banking sector to avoid or eliminate congestion at banks.Mobile technology also improves the business process and makes it smooth.Mobile technology does not only positively affect the business, but there are some negativeeffect as well of mobile technology on the business. One of the significant demerits of mobiletechnology on business is that companies deliver promotional campaign frequently. Thecompanies deliver a lot of content to the customer which makes them irritate and hence they canstop watching the promotional campaign of the organization (Zheng and Lee, 2016). It will affectthe business negatively as the customer will not watch the promotional campaign and hence theywill not be aware of the new offers, product, features, and benefits of the organization. Thus, it isimportant to analyze the positive as well as negative effects of mobile technology on the businessso that effective and appropriate actions can be taken to maximize the positive effect andminimize the negative effect. Aim of the paperThe aim of the paper is to analyze the positive as well as the negative effect of the mobile phoneindustry on company. Thus, this paper will examine the role of the mobile phone industry in thebusiness. It will be studied how the mobile phone industry affects the business. So, with the helpof this paper, the researcher will answer that to what extent mobile technology should be used bythe company in order to enhance the performance and productivity of the company.ObjectivesThe following are the objectives of this paper.To identify the positive effect of mobile phone industry in the business perspective To identify the negative effect of mobile phone industry in the business perspective
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