Business in the Modern Age
According to Raphael Avraham Sternberg, the modern age is the Information Age. We are living in a world that is reliant on digital technology. Digital devices are also changing and impacting how we communicate with each other. There is a new way of communicating, a new way of doing business, and a new modern-day world. The question is whether the information and digital age will change our lives significantly or if we have already adapted to these changes.
Effects Of Business In The Modern Age
1. Trend of doing business
Businesses are now becoming more mobile than ever before. The business world is not only dominated by the office and the desktop anymore but has become available in our pocket phones. You can do business everywhere and anytime. On the bus, waiting at an airport, or even while you are hanging out with your friends at a restaurant, at least one person checks his phone for work-related emails and texts.
2. Difference in trends
Finance and insurance companies explored and advanced their business by adopting digital insurance solutions. Even health sectors found a way to connect with people with telehealth. The technological tools we use to connect have changed dramatically over the past decade or so. We can instantly connect and communicate with people worldwide using digital means compared to traditional paper-based communication methods like sending letters. It has dramatically changed the way we do business and communicate with each other. Traditional means of communication, like phone calls and fax machines, have been transformed into modern ways like Skype, Google Hangouts, and Whatsapp.
3. Changes in connecting
People are getting to know each other using social media nowadays. People can connect with like-minded people, regardless of physical location, because of the Internet. It creates a level of close relationships that would have never existed. The modern business environment is rapidly changing and adapting to this new type of information sharing with its customers.
4. New Mindset
Business is about interaction, not just work, but positive interaction with people. The amount of social media networks like Facebook or LinkedIn has created an entirely new world in which we can interact with other people more personally. Our businesses are now experienced through social media as individuals instead of organizations. It makes connecting with others at all organizational levels easier, as they are no longer separated by function or rank but differ by interest and personality.
5. Changes in offices
The modern-day office has benefited from the technological revolution by implementing different technological tools and techniques such as cubicles, conference calls, video conferences, and teleconferencing. It has allowed us to communicate worldwide to work together or share ideas and information.
Raphael Avraham Sternberg makes a strong case in saying that technology has changed the business world. He says that even though many business-related activities have been fragmented, these changes have many benefits. Businesses have become more flexible and can work anywhere, anytime, because of the Internet. Social media networks allow businesses to access customers from different cultures and backgrounds. Technology is causing innovations in the office world, with employees replacing cubicle walls with networking tools like teleconferencing and team project sharing.