Technology Portion Of A Business Plan
Every modern business is dependent on technology today and needs some influence of it on some area ort the other. Technology does play a role and a very important one. A business needs several products and services related to technology to run efficiently.
Today, we live in a world where the meaning of international business has changed completely. Global business can be actually conducted from a single location and one does not need to establish permanent branches in international locations to have a business presence. This is possible because of the modern technology.
The technology portion of the business includes some factors like:
Communication devices: These are extremely important for the very success of the business. No business can run without communication and these form the core of the marketing plan, sales plan, Customer service and also cost cutting. There are several ways to communicate today in the global business world.
Computers: These devices run the entire business actually from a tiny box. The financial, marketing, technical, and service related information are all stored on the systems. Even communication is facilitated through computers for the most part.
Internet: Last but not the least internet is the spinal cord of all the other technology solutions like computer and communication. The business can directly cost technological costs by using the internet. It also plays a crucial role in the research and development of the business. Marketing plan and analysis depends on internet for the information they need to plan or analyze their strategies further.
Manufacturing Technology: Your business plan should also highlight the technology that will be used to manufacturing your product. This will allow the investor to see that you are using the latest technology and he would feel more comfortable knowing this fact.
Basically the technology portion of your business plan should highlight any technology that will make your business successful and stand out.
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