It is concluded from
the above study that technology is important for the business sector due to the
demand of the modern era. Technology not improve the business sector but also
improve the living standard of people. Nowadays technology reduces the burden
and improves business efficiency and performance in a short time. Different technologies,
tools, innovations, and strategies are introduced due to globalization which is
effective.
It is important for
the management of a firm to introduce efficient tools and strategies which
improve the growth of the firm. In the decision-making process, different tools
are used in a firm to store data, identify indicators of the key performance of
staff, strategy management and so on that improve the performance of a firm
respectively. SWOT analysis tool and Broadcom tool is that tool that is
efficient in the decision-making process because according to this tool
managers monitor all the aspects of the firm which are interconnected and affect
the performance and growth of a firm.
However, Broadcom is
an effective tool that protects not confidential and important information but
also identifies the loyal and efficient workforce that enhance the performance
and growth of a firm. It is efficient for a manager to adopt Broadcom tool in the
decision-making process because it evaluates the employee on their loyalty and
terminates all those who are problematic for a firm in terms of dishonesty and
misconduct the policies and objectives of a firm.