StudentShare solutions
Triangle menu

Information Technology in Business - Essay Example

Nobody downloaded yet

Extract of sample
Information Technology in Business

It can make employees more comfortable and happy, which in turn yields better results in productivity. It might also be able to conserve on time and resources by making work easier and faster.
It is one of the most beneficial creations of the new century, which has taken human life into a new era of technological advancement, into a world where new possibilities are achievable and business experiences a new perspective, which is easier to handle, yet gives you better results, definitely a worthy option to be considered worth applying and thus executing a better corporate position and get endless business opportunities. Information management is one of the fastest growing areas of experimentation these days, with new areas being explored everyday and new evolutions and revolutions taking place in very short lapses of time. (C Kenneth Allard, 2004)
The paper talks about the implications of information technology for businesses in order to achieve competitive advantage over other competent business rivals. Further more; it talks about different aspects of IT, the reasons why IT is not the only thing to be considered and finally, the different implications of IT and some examples of the systems that can be used to achieve competitive advantage.
Competitive advantage is basically a hold of a particular firm over the industry. It is an advantage that a company has over others due to a particular service that only this particular firm provides or any system that is integrated only in this particular firm etc. In order to maintain its competitive advantage, a company should keep a close watch over its potential competitors in order to minimize the risk of losing its competitive advantage for not being aware enough.
It is a position of a firm in the world of business, a space that it enjoys being better than its competitors in a particular area or a general environment.
But, no matter how much the competitively advantaged the firm is, its never unbeatable; not even in the cases of a monopoly. The competitive advantage only lasts till the competitors don't have that particular advancement. The moment they do, the competitive advantage is gone. Thus, to conserve the competitive advantage, a firm must keep on updating its status and looking up for more opportunities of advantage.

IT & Competitive Advantage:
It is one of the biggest factors that help a firm in achieving competitive advantage. It has so many aspects attached to it that one aspect or the other is bound to provide competitive advantage. Nicholas G (2004) described that the only thing that is needed is the eye to look for it and the mind to implement it in a unique, personalized and customized way so that it is integrated in the firm and is hard for the competitors to achieve and thus ensures the possibility of long lived competitive advantage instead of a short lived one.

IT assists Business Growth:
The organizations and companies are under constant pressure of competition. First this competition was just with the local industries, organizations and companies, but as the world is coming closer and closer every day and is turning into a global village, the circle of competition has grown from local ...Show more


Information Technology is one of the most prominent and widely usable technologies of the present era. It can be used in almost any field and promises better results. It makes things easier to handle, understand, manage, organize, comprehend and even reuse later on…
Author : streutel
Information Technology in Business essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Information Technology in Business"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Information Technology and Business
Simple economics works when a society flourishes because of an ongoing business, and the same is reciprocated when a business booms and develops because of the society within which it prevails. However, every society undergoes a series of developments from time to time and the past century has been regarded as the era of information technology.
3 pages (750 words) Essay
Information Technology for Business Innovation
At around 2009, the company faced stiff competition from other video rental companies such as Netflix and by the year 2010, it actually filed a bankruptcy and was later won by a company called Dish Network at an auction How has Blockbuster used technology better market to its global customers?
8 pages (2000 words) Essay
Information Technology in Business Essay
Obviously, it's a base part for the cost analysis with sourced equipments, which need to be used for the foundation of an IT department. The principal idea of an IT department is linking up with all other departments, the target to gain the proper supervision with correlated workers, proper communication, and quality production process within the schedule time range.
8 pages (2000 words) Essay
IT601-0903B-07 Information Technology in Business Management - Phase 1 Discussion Board
Also the production plan can be used to calculate the budget and Kevin would also have access to the inventories directly from the system. Also the IS can assist Kevin with the plan production and help reduce the
2 pages (500 words) Essay
IT601-0903B-07 Information Technology in Business Management - Phase 1 Discussion Board 2
FYC can outsource within the United States, the hosting of its websites, and the call centre of the company can be held within its own operations.
2 pages (500 words) Essay
IT601-0903B-07 Information Technology in Business Management - Phase 2 Discussion Board
The revenue model used by the company is internet based sales. The revenues of this are relatively much higher than each of the companies having a separate website as this is good mode for the customers to compare the prices and buy tickets. Major Competitors of the
2 pages (500 words) Essay
IT601-0903B-07 Information Technology in Business Management - Phase 3 Discussion Board
For FYC to implement the seamless, paperless, real-time, workflow environment to manage all business operations, it would need to firstly improve the sales and marketing department. The company has two main types of customers, a) retail customers and b)
2 pages (500 words) Essay
Information Technology and Information Systems for Business
This report aims to sketch out the feasibility of introducing RFID tags in all the stores of the apparel business of Naisten Pukutehdas (NP). The study calls for interrogations regarding the need of
4 pages (1000 words) Essay
Computer Sciences and Information Technology in Business
To generate more income for the company, it is important that some income generating models to be used. Such income generating models include leasing of products instead of selling them or offering products as part of service package.
3 pages (750 words) Essay
Information technology in business
post their feedback regarding the blogger’s information, and a blogger must be emotionally and psychologically be prepared to handle criticism and junky feedbacks. Companies and executives including Zappos’ Tony Hsieh, Donato Montanaro theTradeKing CEO, Levick Strategic
2 pages (500 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us