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Impact Of Information And Communication Technology On The Modern Business World
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The modern technology offers world wide communication capability, a
mechanism for information dissemination and a medium for collaboration
and interaction between individuals without regard or geographical
location.
Buying and selling electronically is changing the way
people think and carry out transaction all over the world. Time,
distance, and competitive product quality, is no longer the problem.
This has triggered off increased economic activities and is having a
considerable impact on the world of business. The business world
should not be left out in this trend. Inspite of many business
hindrances ranging from poor computer appreciation to inadequate
communication facilities, the business world must strive to harness the
huge economic potentials inherent in this amazing technology that has
revolutionalised global economics.
STATEMENT OF PROBLEMS
today’s
organizational environment is quite different from that of the past.Â
The global competition, information technology , the quality service
revolution, and diversity and ethics have forces management of all types
of organizations to totally rethink their approach to both operations
and human resources. Because of the sudden shift, organizations are
now more responsive to both their internal and external environments.Â
The modern business world is characterized by state of art information
technology.
However most modern business organization’s, inspite of
the numerous benefits associated with technological advancement are yet
to help pace with drastic change and also the cost involved in
acquiring the facilities, training and retraining of work force. Also
important is the general attitude to embracing change.
PURPOSE OF THE STUDY
The main purpose of this study is to examine each of these
characteristics of today’s business world. On a more Examine the
role of information technology on the modern business world.
Examine the impact of information technology on performance of the workers.
Look into impact of information technology on communicvation in the modern business organization.
To
find out the attitude of organizations and their workers towards the
change brought about by information technology. This research work is
intended to enhance knowledge and eliminate difficulties encountered in
the business world in relation to the use of information technology. The
research work is specifically aimed
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