Information Technology for Business Success the new way...

Information Technology for Business Success: the new way to communicate There is no doubt that the present time is the Technology era when the use of technological inventions dominates all different aspects of life: computer, cellular phones, world wide web, radio and satellites. That is, technological inventions have improved. Storing information, sending and receiving messages, electronic governments, distance education, health services and business. With the intervention of Information Technology, the means of communication in business which is a very important field in modern societies including banking, shares market, marketing, trading has been intensely changed. This essay will argue that Information Technology has positively†¦show more content†¦That is, in todays world banks are built on a shape of huge buildings which may be as big as skyscrapers which makes it difficult for employees to communicate using traditional ways of communication. With the use of internal connection networks, it has been made easy for employees to communic ate and exchange customers records and information while they are sitting in their offices. International branches of banks communicate easier due to using these connection networks which replaced the need for physical travel. According to Wen(as cited in Zeleny 2004, p. 575) in addition to information delivery, Intranet also creates unprecedented opportunities for collaboration and help generates dynamic and productive teams. Thus, connection networks have revolutionized the ways businesses communicate and made major changes in communication. With the use of Information Technology inventions as media of communication, companies and even small businesses have been able to enhance their communication. They exchange markets requirements, products prices, share indicators and other information all over the world by video conference meetings. Even their commercial transactions are instantly done by cellular phones, emails, video conferences and Fax machines which made it easy to send and receive final last minute decisions on time. With the enhanced communication technological tools, businessmen and women trade 2 their products all over the world in justShow MoreRelatedThe Management Theories Of The Lancaster Advertising Company1542 Words   |  7 PagesIntroduction The revolution of business has undergone radical and dramatic changes in the last decade that present extraordinary challenges for the contemporary manager. The purpose of this particular report is to analyse and evaluate the potential problems in the Lancaster Advertising case. Lancaster Advertising presents a unique and simplistic idea of the ‘free agents’ structure that eliminates full time employees that allow freedom in his work. 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