Mobile Technology in Organizations Essay Example | Topics and Well Written Essays - 1500 words

Mobile Technology in Organizations - Essay Example Different ways have come up where an individual can have a discussion with another who is miles away (Huang, et al., 91). Change in technology has led to introduction of mobile phones as a means of communication. Many organizations in the society have opted in using mobile phones as means of communication. This paper discusses in depth the optimistic impacts of the use of mobile technology in business. Mobile technology refers to various types of cellular communication technology devices. These devices include palmtop computers, net-book computers, smart phones, which are the most common, global positioning devices, and wireless debit or credit cards. In most cases, mobile devices may greatly alter business transactions (Unhelkar, 27). For instance, mobile technological devices entail new ways of management, invention, and innovation of new products, and how service is given to customers. Mobile technology has subsequently enabled individuals to have extensive tours all over the worl d with no fear of business management. Moreover, staff that work away from their business locations benefit immensely from the use of mobile phones. Smart phones are not only used for communication but also serve a wide range of functions such as business transactions and research. ... Over years, usage of mobile technology has boomed and technology that is strictly for a particular business has been developed. Businesses have devised their own software where they can carry out business transactions. Moreover, businesses are able to solve quite a range of problems using mobile technology. The level of technology is one essential factor that people consider before purchasing any device. Apart from the ultimate goal of targeting customers, businesses use mobile technology to simplify their office operations and advance planning and organization. The impact of mobile technology on business economy has been highly optimistic (Simon, 157). Mobile technology has been a force that clears away barriers, promotes inclusiveness, and opens opportunities to all those who would otherwise not partake in the digital cost-cutting measures. Arguably, the use of mobile technology devices has enabled businesses worldwide to come up with strategies of solving their problems. The explo sion and expansion of mobile technology has benefited businesses, improved efficiency, streamlined processes, and enabled completely new businesses (Barnes and Scornavacca, 126). Mobile technology devices as depicted by scholars will in the new future take place of desktops. This is because businesses each passing day keep on inventing mobile software platforms that enhance the mode of information delivery and change the operation systems of both the businesses and customers. The most significant benefit that arises from the use of mobile technology in businesses is accessibility. As depicted by Simon (151), mobile technology enables a whole network of employees or offices in an organization to carry out business transactions no matter where they are

How Financing is Important for the Success of the Company Case Study - 37

How Financing is Important for the Success of the Company - Case Study Example As the paper outlines, sourcing finance is one of the critical factors determining the success or failure of a company. For example in 1971 Phil Knight was faced with a crunch situation regarding his company Nike. The company had at that point of time owned several stores and sales turnover was nearly $300,000. The company was poised for expansion. But the problem the Knight faced was that the company needed capital to finance the growth and this capital was not available with Knight at the point of time. It got this much-required finance from Nissho Iwai Corporation, a Japan-based trading company. Through this finance, the company could start manufacturing its own line of products outside its home country and then bring the finished goods back to the USA in order to market those. Any firm has access to mainly three sources of finances Debt, Equity, and Retained earnings. Different sources of finance have different associated costs. The cost of debt is calculated as the coupon rate ( 1-tax rate). Cost of equity, on the other hand, is calculated as = (Dividend per share/ Market price of the share (MPS)) + growth rate of dividends. Normally debt capital is considered as a cheaper source of capital than equity capital. However, both Debt and Equity come with associated advantages and disadvantages. Normally the firm should go in for a balance of debt and equity financing. The total debt capital used by Nike is $2,743,000 whereas the total equity capital of the firm is $10,824,000. The viability of a financing option depends primarily on the issue of whether the return of the investment proposal is greater the cost of the particular source of finance. For example, in 2002 Nike decided to enter into a contract with the University of Alabama whereby it agreed to pay them $100,000 annually (Kish, 2013). Whereas this deal may sound as too expensive but such deals are pretty important for sports giants like Nike.