The Impact Of Information Technology On Business - 1370 Words

Chapter 1. Introduction The information technology has brought significant changes to business companies in recent years. Teece (2011) states that this new business environment has also enhanced the demand to determine not only how to tackle clients needs more rapidly, but also how to pursue value form offering fresh goods and service. Thus the booming development of business and strategy becomes increasingly multifarious and influential. A business strategy tangibly is a documentation obviously illustrating the goals and decisions of a business will operate strictly . Johnson and Scholes (2012) define that, strategy was the scope and goal of an institution over the sustainable term. Hence this long-term strategy is able to arrive potential benefits for the institution though its structure of useful resources within a challenging environment, in order to satisfy the requires of markets , with fulfilling customer/stakeholder anticipations.A optimal business introduces the logic and brings out data and orthe r indication confirming how a business firm innovates and transmits value to customers. In terms of IT strategy, as a result of the development of the internet, IT strategy has a closed alignment with business success and survival. Thus increasingly business embark on utilizing information technology as an effective business strategy. In traditional emerging markets, it is entered by enterprises with products expanded in the home country and got accustomed for the freshShow MoreRelatedThe Impact Of Information Technology On Business1304 Words   |  6 PagesThe Impact of Information Technology on Business Ye Jin MIST 501 New York Institute of Technology Abstract Information, material and energy are the three major resources of human social development. The industrial revolution made people a great success in exploring and using of both material and energy resources. 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