In today’s information technology driven world, doing business has become more globalized as the boundaries of the world are shrinking and information is easily accessible to general public. Thus, in thisopen world, as doing business has become convenient, it has also thrown a shot of challenges revolving competition and increased public scrutiny.
Today, the emergence of internet and related technologies has changed the way people do business. With the exciting possibilities that web has to offer, the rise of e-commerce and m-commerce in business activities cannot be ignored, since it has brought paradigm shift in today’s business world. Hence, even though we always don’t need tech savvy and geeks in the management of businesses always, it has become a necessity of certain level of expertise in information technology in business management circles of today. This is to ensure so that businesses are not left behind in the race of innovation and the benefits which cutting edge technologies bring.
In the present circumstances, it is not only imperative that managers deploy information technology to cut costs but also bring forward a more efficient system. Information technology has the potential of changing the way the commercial activities taking place and to convertlocal markets into the global ones. The new-age managers should thus recognize more and more potential of information technology in running an organization, efficiently and smooth. Technology must reduce business risk and generate new opportunities and growth. There, however, must be a method to introduce information technology along the rank and profile of the organization, thus not sending a wrong message of something alien being brought in.
It would be very important for the managers of businesses to consider that the overall success of information technology would be dependent on the fact that it should be embraced from bottom to top, so that it is engrained in the culture of an organization, making processes more smooth and efficient and conducting business simpler.