What are the ways in which videoconferencing provides value to a business?

What are the ways in which videoconferencing provides value to a business? Would you consider it smart management? Explain your answer.

Video conferencing is a great way to provide value to business. Business is a collection of different business processes. It is not necessary that all these processes are taking place under one roof where everyone is available for a face to face meeting. Therefore, videoconferencing can be used to conduct meetings with business partners, project participants and even customers who are far away.

I believe that videoconferencing is without a doubt smart management because it helps save money and time. It can help create new business partnerships and open a new door to potential business opportunities. It adds efficiency to business processes.