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1.How has the Information Revolution affected the way that enterprises operate or 2.The measurement of performance isan important management function.Making reference to behavioural issues,identify changes which have occurred in this area in recent years - Essay Example

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The rate at which businesses can respond to external circumstances has been modified dramatically due to increased connectivity. Companies are now able to access information from suppliers,…
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1.How has the Information Revolution affected the way that enterprises operate or 2.The measurement of performance isan important management function.Making reference to behavioural issues,identify changes which have occurred in this area in recent years
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Extract of sample "1.How has the Information Revolution affected the way that enterprises operate or 2.The measurement of performance isan important management function.Making reference to behavioural issues,identify changes which have occurred in this area in recent years"

Download file to see previous pages Furthermore, employees who used to take orders now dwell on improving customer service by collecting useful information such as customer location, sales numbers and product details.
Not only has this agility minimised the cost of acquiring such valuable information, but it has also increased the quality of services offered. Firms no longer need to spend plenty of money acquiring these resources from third parties. Furthermore, the ease with which computers get this information frees up employee time for more value-adding activities. Immediate communication of schedules, orders, inventory and production are now easy to do thanks to the information revolution (Bond, 1997). This has minimised wastage, saved company valuable resources and led to increased production. Studies indicate that not all organisations have been able to benefit from computer usage. Only those that respond quickly to information are the ones who are rewarded. Therefore, huge returns are contingent on certain prerequisites.
Organisation of work is altering dramatically due to the information revolution. It is now possible for any human resource representative to access management developments from the comfort of their offices. Therefore, many institutions are reconfiguring their management system. They want to ensure that they are utilising the best systems in the market. Use of team-based rewards, flexible work schedule and continuous employee growth are just some of the measures being adopted by different firms, who learn from others through internet connectivity (Blattberg et. al., 1994).
Technology has significantly reduced entrance barriers for new businesses. As a result, larger institutions are facing competition from all quarters. New entrants have challenged these traditional players to rethink the way they carry out business. Some of them have shed off previous business functions in order to focus on their core function. Operations are thus changing ...Download file to see next pagesRead More
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