Ict and Business Development

The purpose of this report was to provide a response to the following questions by referring to the concepts covered in the text and discussed in class.

Businesses are discovering the Internet as the most powerful and cost effective tool in history. The Net provides a faster, more efficient way to work colleagues, customers, vendors and business partners- irrespective of location or operating system harnessing this powerful resource gives companies strategic advantages by leveraging information into essential business asset. The "technology of the future" here today. This is a fact. Businesses making the transition will, and are prospering; however those that do not will most certainly suffer the consequences.

EDE 325 Assignment 1 Case study (30%). Due 20th June, 2016, 1500 words (10% leeway +/-) Includes intext references.

Networking communication, such as the intranet and Internet, provides a collaboration platform that allows business employees to share and edit documents and projects across the organization. Successfully introducing these components into the widget company will make business a lot easier to manage and will help increase productivity.

Business development brings weights to a framework that might not have had room schedule-wise/experience to get intended up for expanded generation or administrations. New timings of payables/receivables may make monetary strain. Clients may feel underserved. Workers may be uneasy about all the progressions.

Businesses today operate an environment that differs greatly from anytime millennia, centuries or even decades ago. The pace of businesses has increased exponentially with the continuous improvement of information technology, telecommunications and geolocation supported by satellites and progressively more efficient modes of transportation and mechanization. The ability to move products globally overnight, increasing levels of automation, and collaboration instantaneously via virtual means has forever changed and reduced traditional barriers businesses face while creating a myriad of new challenges, risks and opportunities.

concepts and ideas discussed in class or in the textbook. Eligible articles/chapters for this paper include:

Over the past few years technology has caused significant changes in the way enterprises conduct business.

This chapter will provide information and background on my chosen topic and explain why it is currently relevant. Furthermore is will also explain the aims and objectives of the literature review.

Information technology has advanced in multiple ways in society, where organizations has implement the structure into their work environment. Industries have outsource their manufacturing to other places in the world and rely on telecommunication to keep the marketing. The geographic distribution has changed significantly by reducing the distance it takes to complete an operation, due to information technology. These are just a couple of examples of how this advanced technology has reshape our society and continuing.

Over the years, technology has become a major part for a business and for an individual as well. Technology has become so advance that it has made a major effect for the staff as well as for the customers. New technology has helped in many areas such as data and information storage, advertising, transportation and communication.

Governments around the world have put in place policies to encourage the growth of local small and medium enterprises (SMEs) as they can help directly alleviate poverty by increasing income levels and creating jobs (ESCAP, 2012). At the same time, the global economy has become increasingly depended on the Information and communications technology (ICT) for market access and information. SMEs need to have access to and use of ICT to engage in the regional and global economic business networks. If SMEs are not accessible to ICT, many of the SMEs are set to lose out on opportunities to integrate into the global supply chain, get potential businesses and increase their productivity or efficiency.

Technology has advanced and changed very rapidly. Our business world depends on the most recent technology. Technology impacts customers’ choices of buying because what costumers want is convenience and personal satisfied tastes.

In modern society, technology has affected in every area and industries, and helped develop more advantage than tradition industries without technology. E-commerce, Customer Relationships Management (CRM) and online sales etc. are widespread use in many organisations around the word (Philip Kotler., 2013).

At the same time to the extent that our individual lives have changed, the business world has altered practically to the point of being unrecognizable in the past few decades. Innovation - and we mean the developments in correspondence and data Technology- has changed the face and the pace of business.