How changes and developments in communication and information technology may influence the coordination of firms' worldwide operations?

CHAPTER-01- INTRODUCTION

Background

The term technology refers to equipment and techniques used in the business for production of electricity and gas in the broad sense, distribution, and management. The term information is understood in a broad sense. It includes everything that can be digitized and processed by computers. The term communication refers to the set of techniques that enable the transmission and reception of information almost immediately (Mouelhi, 2009, pp. 961-967).

The revolution in information technology has significantly changed the economies of the twentieth century and the industrial revolution has directed the twentieth century. For many experts, it is the advent of a new era that has opened up vast possibilities of communication between men and businesses overcoming the barriers of time, space, and sometimes the reality concrete. ICT has grown rapidly worldwide. This rapid spread is accompanied by changes in production processes and the economy as a whole to such an extent that ICT is sometimes considered as harbinger of industrial revolution. In this paper we will study that how the development in information technology and communication has influences the global business operations. Moreover, this paper will discuss the changes in the information technology and communication that has taken place with the time (Mouelhi, 2009, pp. 961-967).

Aims and Objectives

To find out the current trends in the development of Information technology.

To find out how changes and developments in communication and information technology may influence the coordination of firms' worldwide operations.

Research Questions

This study aims to answer following questions:

What are the current trends in the development of Information technology?

How changes and developments in communication and information technology may influence the coordination of firms' worldwide operations?

CHAPTER-02 LITERATURE REVIEW

Information has been recognized by modern society as a necessary condition for progress. The greatest economic success today comes to those companies that actively use modern means of communication, information technology and their applications. New information technology and related application tasks require the creation of a new medium for the information and content management systems. The value of information is a value that has different meanings for different people according to their ability to understand information. Information is valuable because it helps to achieve the goal (Fulantelli & Allegra, 2003, pp.1-6).

Current Trends in Information Systems

The Internet has a different architecture design of information systems of companies. Therefore the customer can now have access to the company with convenience. It has been fundamental issue for the company to achieve centralized data to provide the same information to the client regardless of the port entry organization chooses and maintain a real relationship with customers that goes beyond the transaction in the perspective of loyalty through a personal relationship. There has been a great need for the maintenance of transaction information of clients which should be accessible by all business functions like marketing, accounting, customer service, logistics, etc (Wanyoike, et al., 2012, pp. 65-72).

Impact of Information technology and Communication

Impact of information technology on management, culture ...