When considering the impact of the information age on business, what are some is

Question

When considering the impact of the information age on business, what are some issues business owners should address in deciding to use information technology. Would the type of business determine the appropriate information system? What are some types of organizational processes and procedures in businesses that could be improved using information systems? What type and why?

Assignment checklist:

Compare the organizational and procedural process needed to manage information in a:

1. Small & medium size (international business)
2. A large global business

Please be thorough on answering all questions involved and include internet references in APA format (need three). Son of Citation online will put it in APA format for you if you input the info. Length just needs to cover the questions asked, this is not a research paper.
Thanks

Explanation / Answer

many businesses consider to use information technology. Management needs to make a budget of how much it is going to cost to start the business. They may set their budget at $20,000 the first year to make sure they have all supplies needed to get the company running and to pay the employees salary. Next the employer will need to think about the upgrades and all technical issues that can happen. They will see that this could cost them more than their budget in the long run. Every company has to consider this because it could become more expensive than planned. Last, organizations need to think of training their employees on how to use the technology.

The type of business does determine the appropriate information system. Lets take a grocery store for example, they need to consider ways to advertise their coupons for each week as well as how to take care of their suppliers needs, which do include the market price for each product that is sold. This will enable them to do their job effectively and to meet the needs of the public in an effective manner. Another instance is that of a realty business, this means having a secretary to handle phone calls about houses that are up for sale as well as making sure that they actually are out competing to get others to buy a new or used house.

Some types of organizational processes and procedures in business that would improve as a result of having an information system are important. For example, management is able to keep track of their assets in an effective manner by means of using Microsoft Office. This may mean using Excel to type in any expenses that were used that week or month, so that no non-market issues arise with customers and the public in general. With Human Resources, the manager is able to do digital evaluations as well as paper to ensure that people are complying with policy and procedure and to consider promoting or giving raises to those that deserve it. Since the use of the Internet, businesses are able to send emails to their staff and to those around the globe that they work with in order keep up with market trends within their industry and to merge so that both companies benefit through profit as well as growing internally and externally. Anyone in marketing can also benefit from the internet by means of advertising their products through their website and through social networking sites. This provides more flexibility instead of relying on doing it locally as well. More avenues would open up, and this makes it much easier bring in more money than what is spent. Whatever the case, the benefits far outweigh the risks within a company when implementing new technology. They are able to communicate better as well as keep track of any financial information in order to remain successful. One will notice that it does take time to implement, but in the end it is all worth it because the company is able to do any kind of business at a faster pace, which makes it all worth it

Best wishes

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.