Information technology vs industrial cluster formation

Information technology vs industrial cluster formation Essay example
Finance & Accounting
Pages 8 (2008 words)
Download 1
Information Technology VS Industrial Cluster Formation XYZ Corporation July, 27, 2011 CONTENTS Contents Page Number Background and Introduction 3 Discussion 4 Conclusion 10 Information Technology vs Industrial Clusters Background and Introduction: Information Technology (IT) has been an important force transforming human life on planet earth…


The very meaning of markets and boundaries defining the markets and business domains have undergone a complete change because of the internet and fostering technological change that it brought in its wake. While corporate business world has taken full advantage of the internet, it has still I the early phases of realizing full support and potential of the internet. IT speculators suggested huge benefits from the internet which meant relocation and complete physical freedom from the customers, competitors and physical boundaries of the market which earlier defined the very limits of any industry. By early twentieth century, the markets were tended to be defined at local level, at city level and at the national levels. There was little mention of the international or global markets. This was because of limited progress achieved in the means of communications and transportations. Most markets were considered as physical definitions or definitions in terms of physical presence of the buyers and sellers. Each place where buyers and sellers could be physically present were defined as local markets. Where ever the buyers and sellers could gather together from a national scale were the national markets. ...
Download paper
Not exactly what you need?

Related papers

Cloud Computing (SaaS, PaaS, IaaS) ow cloud computing (SaaS, PaaS, IaaS) improve Information Technology efficiency with more eff
It will also highlight the new techniques that are being adopted to overcome the physical issues found in the traditional data centers. 1. Introduction Large organizations have always had the capital to purchase numerous servers, software etc to support their businesses. It is the medium and small sized organizations that have struggled in this regard. Earlier, the only alternate that was…
10 pages (2510 words)
Information Technology (Computers)
Such legislations include the Foreign Corrupt Practices act of 1997 and the 1991 Federal Sentencing Guidelines. The Federal Sentencing Guidelines of 1991 states that companies are responsible for their employee’s actions. The Foreign Corrupt Practices act of 1997 was created to recognize questionable actions among corporations. Guidelines that have been created are amongst the following: 1. All…
4 pages (1004 words)
The Changing Interaction of Finance, Information and Technology
This has raised questions on the efficiency of the IT departments of companies in carrying out the requirements as stipulated in the act. There were also criticisms about the failure of SOX act in various aspects related to the IT. This paper discuss about the impact of S-OX act on the IT department and a review about the various aspects about the act. “IT supports the corporation’s drive to…
4 pages (1004 words)
Reallocation of Costs in Information Technology
Process of Allocation of IT Costs When information technology is implemented within organizations, it is important to identify how the costs of this investment will be allocated within the books. Costs for any other investment for instance, physical assets (land, building, furniture, etc.) are easy to understand and allocate. However, allocation for information technology assets and expenses is…
Report about Procter and Gamble Case ( Information Technology)
For this reason, it endeavoured to automate the practices of distribution system involving information technology with the expectation to reduce inefficiencies in the process and to improve its brand image in the market (Clark, 1995). Therefore, the management of P&G aimed to increase the total sales of its products both in small retail outlets and in supermarket chains which was attained by the…
How do US auto firms evaluate the comprehensive and long term viability of investing in Information Technology projects that len
Aptness of the process of decision making is justified by the methodological fitness of the decision to the demand of the concerned situation, reliability of the evidence used for decision making, relevance of the decision to context, transparency in the findings and the extent up to which consensus reached within the decision making individuals. In this paper the mixed method of research has been…
12 pages (3012 words)
Tax Researh memo (Corporate Formation and Basis Calculation!)
Fred Horn decides to contribute equipment that has a basis of $100,000 and an FMV of $80,000. Sam Yang will provide his legal services to Acme, Inc., which has an FMV of $20,000, and Wade Kent will use his know-how to develop software that will mass-produce the road runner trap. This software development is worth $75,000 and in addition, Wade Kent will contribute cash worth $100,000. The four…
5 pages (1255 words)