IMPACT OF TECHNOLOGY ON BUSINESS MANAGEMENT release_dyetx2qo3ngnnmitt3gyu2cjje

Abstract

In the past few decades there has been a revolution in computing and communications, and all indications are that technological progress and use of information technology will continue. The revolution in information and communication technology has changed not only our lives but also the way how people do business. Using information technology, companies possess the potential to reach more customers, introduce new products and services quickly, and collaborate with suppliers and business partners from all over the world. Transformation from industrial society to information society and industrial economy to knowledge economy is a result of the impact of ICT and Internet use. Main objective of this paper is to describe information technology; opportunities of Internet usage for businesses to achieve strategic advantages compared to their competition and how they can facilitate the movement of goods and services from producers to customers. Advocates of Business Process (BP) approaches argue that the real value of IT is that it provokes innovative changes in business processes. Despite the fact that many BP and IT academics and practitioners agree on this idea, BP and IT design are still performed separately. Moreover, there is very little research that is concerned with studying the ways in which IT supports BP.
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