Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Global Business Environment
Today's global business environment gives organizations the opportunity to develop new lines of business. As businesses seek increases efficiencies, IT departments will be well placed to recommend innovative solutions based on the latest advances in technology (Guthrie and Kovac, 2002). In turn, globalization is fueled and will inevitably expand.
Successful businesses understand their customers and their markets, and create business strategies to establish their competitive positions (Hwang and Liu, 2003). Consistent with their business goals, these organizations use commodities, make goods, deliver services, and meet their customer's demands to stay competitive. In today's global business environment, they must also constantly reevaluate their business vision, increase business values, and change to gain advantage over their competitors. IT not only has been crucial to business management and operation, but has also provided significant strategic leverage to businesses.
According to Hwang and Liu (2003): "For example, Dell's...
FedEx with its package tracking system has added significant value to its business. Wal-Mart's success depends greatly on applying IT innovations to its supply chain. Amazon depends totally on IT for its e-business."
As globalization wreaks havoc on the business community, today's organizations are increasingly aware that they must maintain and improve their ability to change direction as needed, for a variety of reasons (Guthrie and Kovac, 2002). Globalization and increased competition are primary factors. However, technological advancements seem to be the key drivers of the global business environment. According to Guthrie and Kovac (2002): "A phenomenon called the Net Effect -- the explosion of users, devices, services, and information brought about by increases in network bandwidth, improved wireless technology, and faster microprocessors -- is forcing firms to revolutionize their…
Bibliography
Guthrie, Cathy. Kovac, Michelle. (January, 2002). IT Leaders Drive the Net Effect. Sun Journal, Volume 5 No. 1.
Hwang, John. Liu, Simon. (May, 2003). Successful CIOs: Pushing the IT Business Value Envelope. IT Professional.
Business Information Technology The decisions of how to define enterprise information architectures throughout a global business have immediate effects on the ability of a business model to succeed in scaling across new geographies while continually improving financial performance in existing ones. Just as each business model for any enterprise varies significantly based on the trajectory of growth through the success of new business units to successful mergers and acquisitions, the same
Information technology allows virtual meetings to take place even when departments are thousands of miles away, and it allows communication and data to stream even when the business is closed and management has gone home for the day. However, in other ways, information technology has not made managers more effective and efficient. With the proliferation of technology available today, from laptops to Blackberries and beyond, management is never really "away"
Some of the world's greatest ventures, from man walking on the moon, to the creation of computers and other technologies grew out of mistakes. How many rockets blew up on the launch pad before NASA got it right? How many dangers still face those who travel into space? These could be seen as "mistakes," but in actuality, they are opportunities for learning, growth, and innovation, and so, innovation has
Business Information Technology and the Small Business Information technology has had an impact on all areas of society, including a major impact on the business world. For some small businesses, there is an assumption that information technology is only required for major businesses operating on large scales. In contrast, it is suggested that information technology may be even more important to the small business than it is to the large business. Small
Business Software Technology The information technology industry is vitally important to the advancement of our society and our world. This discussion will explore the business software technology aspect of the industry. First, we will discuss the tasks performed by individuals in this field. We will then look at the economic impact of this segment of the industry. Finally, we will explore the benefits and rewards of working in the business software
Business Database Technology Scenario The focus of this project is to design a database program for a company called Home Sweet Home that specializes in the management of properties on behalf of owners. The company offers a complete rental service for customers willing to rent furnished properties. The services delivered by the Home Sweet Home include advertising of properties in then local and national press. The company also carries out the interview