Individual Project Unit 5 Essay Example | Topics and Well Written Essays - 750 words

Individual Project Unit 5 - Essay Example As the business evolves, it would seem likely that a large amount of physical paperwork and electronic data begins to accumulate due to internal operations, record-keeping for items such as payroll, and simply copies of literature which is distributed to employees routinely. Further, there may also be a large amount of information stemming from marketing efforts or even graphic illustrations (depending on the nature of the company). It is no longer practical in todays business environment to have mountains of storage space available for items including bulky manual payroll slips or six-year old manuals that no longer serve a practical purpose in the evolving office environment. Having offered this, it becomes absolutely necessary to create a system of databases to store and transfer these operations-related documents. Managing the information would require the implementation of some sort of computer and software system designed around the specific needs of the business environment. For example, if the company had too many manual documents to flip through in order to find out about last years inventory-related purchase, an electronic system would accomplish this goal in a fraction of the time with a simple search through data storage. This type of search would free up the day-to-day activity schedule of each employee, giving them much more time to attend to productive business activities and boost profitability. The intranet is a popular method today of managing the internal movement of information from one employee (or division) to the next (Nickels, McHugh & McHugh, 2005). After analyzing budget requirements, if the funds were available, purchasing such software could enhance operations greatly and boost productivity. The Internet can drastically improve the business environment as it provides a broader forum to communicate to potential customers and advertise the business. Marketing professionals tend to agree that Internet marketing has shown marked