Hotelling The Wave of the Future :: GCSE Business Marketing Coursework

Hotelling The Wave of the FutureThroughout the years technology has made huge impacts on the way profession conducts itself. From the internet and cellular technology to laptops, communication has become accessible wherever one might be. Those who invite benefited or so from such technology are those who egest most of their time out of the office. However, the question is this If technology enables employees to communicate and accomplish the tasks necessary to complete ones work outside the workplace, then wherefore arent corporations jumping at the idea? Corporations are always looking at ways to cut costs. Having an employee work from home reduces office smasher. Corporations need to find a level of culture that can only be absorbed when working at the business place. So how can corporations cut office overhead costs while trying to maintain growth, information sharing and a level of culture? Is it possible to implement such system? Accountants, who are not known fo r their ingenious technological creations, have contributed to technology by implementing a system where information sharing is enhanced and space is utilized more efficiently. For the most part hotelling is more of a cost saving technique than a technological advance. However, the technology used, ensures that information sharing is not reduced or unconnected due to space utilization. Hotelling may be the new wave of the future, however communicating this to employees may be more difficult than anticipated because of some of the neighborly elements that will be disrupted by arrangeing the new system. Hotelling does have its downfalls, but the benefits certainly exceed the costs for any organization willing to install such a system. With the increase of communication devices such as intranets, cell phones, laptops, modems, emails, and voicemails, accountants have more mobility as to where they can do their work. This is extremely beneficial to those accountants who elapse m ost of their time at the clients workplace. Most of their larger clients populate the downtown core of major cities. Therefore, for most accounting practices, it is logical to have their main offices also situated in the downtown core. The big issue revolving the practice is the fact that being situated downtown gets extremely expensive, especially for a line of business where the employees occupy the office less than half of the time.