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Managing Emerging Technologies: The World Bank Group - Case Study Example

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The main goal of this study is to describe how incorporating emerging information technology solutions into existing business models can facilitate major business operations. For the purpose of this study, the writer will analyze the case of the World Bank…
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Managing Emerging Technologies: The World Bank Group
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Download file to see previous pages information Technology helps the businesses in cutting costs and creating value to the organization as a whole, by minimizing the digital divide. This helps in developing new and effective business processes as well as in making value propositions especially in the new and modern corporate world whose business network is spread far and wide, such as the World Bank for instance. Information technology plays a vital role in integrating systems and strengthening the strategic ties between service providers and customers, thereby rendering effective services.
The World Bank is involved in various activities providing a wide range of services to several developing and in transition countries across the globe. The bank, owned, financed and run by a conglomerate of 184 countries, is by far, one of the world’s largest sources of development assistance striving to create an efficient investment climate with an aim of assisting in the development process of developing and third world countries. In order to access information and establish robust communication channels in its widely scattered global business network requires effective integration of services and business processes, which is possible by the effective utilization and implementation of a combination of new and emerging technologies with the organization’s aims, goals, and vision.
The World Bank Group is involved in offering a wide range of services offered through its various business segments such as the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGC), and the International Center for Settlement of Investment Disputes (ICSID). The main goals of the organization include: enabling a decentralized organization in close proximity with its customers, providing collaborative tools and global development knowledge that would help the far-flung Bank staff and stakeholders work more closely and effectively than ever before to scale up the impact of the Bank’s work, and providing collaborative tools and global development knowledge.  ...Download file to see next pagesRead More
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