IMPACT OF INFORMATION
TECHNOLOGY ON GLOBAL TRADE
The development, implementation, and maintenance
of computer hardware and software systems to
organize and communicate information electronically.
In the broadest sense, information technology refers
to both hardware and software that are used to
store, retrieve, and manipulate information.
ROLE OF IT IN BUSINESS WORLD
EFFECTIVENESS AND EFFICIENCY OF IT
Internet make the world smaller, large companies
can now contact with employees and partners
around the globe.
IT also shrieked the distance and time, simplified
the complex business processes
For example: JP Morgan is investing over 24 billion
in over 1000 companies around the world
GROWTH OF E-COMMERCE
Number of letters, voice calls and faxes
around the globe have reduced.
30% of internet users say it has resulted in
Physical meetings and relationships are becoming
electronic commerce spells the end of geography
and borders as industrial organization constructs
CATEGORIES OF IT FOR GLOBAL BUSINESS
No job security
SUMMARY AND CONCLUSION
In summary, advances in information technology
have changed the way we live and have changed
how people, businesses and governments interact
with each other.
Competitve advantage is always where there is
New technologies will continue to change existing
practices and create new ways for your company to
improve business practices.
Globalization has affected every person on earth in
one way or another and will continue to influence
their daily lives.