Question

What are the effects of the information revolution in today’s global market?

Answer 1

In today's competitive global market no business entity can afford to leave information technology out of it's strategy equation and expect to succeed in the global market. The information revolution has significant impact effects on business level strategies. The information revolution advancements have both tangible as well as intangible benefits; and affect the efficiency, culture, and relationships of a business. The business entities that align the updated information to its strategy tend to improve their performance. Innovative revolution advancements reduce cost, raises the output, increases profit, effective communication, improves mobility, enhances security, and improves the teamwork.

It has helped in improving the resource management, customer support, marketing, and assisting the management in making the better decisions. The information can now be transmitted in real time and therefore is helpful to make significant change required to maintain competitive gains. To summarize, it would not be difficult for a long term business growth without the push of information revolution