Saturday, February 17

Importance of Technology in the Business Field Technology is generally defined as the practical application of scientific knowledge in the commercial and industrial field. Have you ever tried to imagine how the business world would function without technology? Everybody will agree that technology is indeed essential for all businesses whether they are small or large. Businesses depend on technology in many ways ranging from research, development, production and even in delivery. Small businesses use computers for their Point of Sales systems and information management systems that contain information on the employee, clients and their accounting. Therefore, technology and business cannot be separated since business needs technology to thrive.

Technology has brought with it several advantages to the business world. It has increased the speeds in which we transact our business operations since with technology manual work is considerably reduced. With the help of the Internet, e-mail interactions have greatly substituted the use of phone calls, memos and faxes. In large scale businesses, Workflows and Automated tasking systems are used to stream line operations adding speeds to interactions and therefore increase productivity.

With phones such as Blackberries and smart phones that enable one to connect and monitor one’s business network, one is no longer required to be at the office at all times. This networking helps one respond quickly to matters that need one’s attention but when he is out of the office.

Technology has enabled people in different geographical locations all over the world to virtually meet, communicate and also seal deals using conference calling, video conferencing and Skype all with the help of the Internet. This way the world is reduced to a global village enhancing variety in business view points, talents and capabilities. This also means that cost in transportation get to be seriously cut down. The Internet has also given businesses the opportunity to enjoy a greater amount of customers since all one needs is a click on the business’s website to purchase an item.

Redondo Beach Home Sales For the First Quarter 2010 A month has passed since my last update on Redondo Beach home sales. In my post Redondo Beach February Home Sales, I suggested that home prices, which had been relatively flat compared to last year, might inch up a little given the encouraging escrow activity in late February. Sure enough, the escrows that closed this past month sufficiently boosted the median sale price for the first quarter up by just under six percent from the same time frame last year. The median price for all home types closing escrow last year was $640,000 on 135 sales.

This year, the number of closings has jumped to 172 and the median price has lifted as well, reaching $676,500. To add context to this within the beach cities, the median prices for the first quarter for Manhattan Beach and Hermosa Beach were $1.4 million and $1 million, respectively. An additional sign of encouragement for the area is the fact that there are 154 active escrows and the level of inventory has been holding its own at 236 or just over four month’s worth. Price increases, however, have not been recognized in all of the sub-areas of Redondo Beach.

Of the eight sub-areas within Redondo Beach, six of them have had median price increases from last year. All of the areas have either maintained the number of closings or have had an increase from last year.

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