Role of IT in Success and Failure of Business

CFPBUS003
Introduction to
information
technology

Table of Contents
INTRODUCTION...........................................................................................................................1
Literature review .............................................................................................................................1
Analysis and discussion ..................................................................................................................2
Discuss the role of IT in success and failure of business ...........................................................2
Ethical and social issues in running a businesses .......................................................................3
Identify and differentiate different networking technologies .....................................................4
Importance of intranet and internet in organisation ...................................................................5
Different stage of system development life cycle ......................................................................6
Analysis on basis on advantage and disadvantage of Tesco in general in investing the
information technology ..............................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES ...............................................................................................................................9

INTRODUCTION
Information technology defines an effective term that helps in storing, transmitting,
manipulating and collecting the data and information that is very useful in the operations of
business. It is very useful to communicating and transferring the information to the other person
so that businesses may get more profits. For completing the project this study include retail
sector organisation i.e. Tesco which is the largest retail groceries store in UK and deals in
varieties of range of products like food, clothing, financial services etc. This report is based on
role of IT in the success and failure of business enterprise. It also involves social and ethical
issues that helps in operating the organisation with the use of information technology. Further it
involves the benefit5s of internet and intranet within the business enterprise. At last it explains
the various stages of system development life cycle that is effective to operate and manage the
company work in an effective and efficient way(Rajaraman, 2018).
Literature review
Information technology refers to an technical term which is used and adopt by the various
types of institutions, businesses etc. to collect, retain and transfer the information which is useful
for earning more revenues. According to “ND Century code” IT refers to the use of different
services, supporting infrastructure, software and hardware in delivering the different information
to other person within or outside the firm premises by using data, voice or videos.
Role of IT in retail sector business
In retail sector business venture IT play an essential role in managing and organizing the
objectives of the business. Due to increment in globalisation company sales and operations may
be affected and to handle all the work in a productive way firm may adopt the use of
IT(Hemrungrote, Jakkaew and Assawaboonmee, 2017). In Tesco, manager may adopt the
information technology that helps in maintaining accuracy and speed in work and due to this
enterprise may easily analyse the taste and preference of customers so that they earn high profits.
Different types of networking
In information technology there are various types of network by using this information is
exchanging and deliver to the needy one and this technologies basically connected with
computers and connection devices. It involves different networking such as LAN, WAN, MAN
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etc. this network helps in connecting the company within the globe and run their operations for
earning higher revenues.
Social and ethical issues in using technology
Social and ethical issues are arises in different aspects of organisation such as financial
services, operating services and many others. Basically in IT it is related to reliability, security
and quality of the business. And this terms will be affected because employees are using internet
and intranet for their personal use also due to this leaking of information is common and it is
related to social and ethical issues within organisation and society(Zhai and Massung, 2016). In
this HR manager is organising training and development session so that they can train their
employees and save them from mistakes.
Benefits of intranet and internet in organisation
Internet refers to an global network helps in connecting the world with standard
communication protocols. It is beneficial to research and communicating globally. Intranet
defines the local network that is restricted communication within the organisation or a premises
only. It is significant to enhance the productivity of employees and saving time of people in
transferring information.
Analysis and discussion
Discuss the role of IT in success and failure of business
Role of IT in success of business
Information technology is use of hardware, software etc. that helps in collecting
retrieving and organising the information flow in an effective way. In this data is converted into
useful information that helps the Tesco to take the decisions effectively and fastly with the use of
information technology. Due to using the IT within firm helps in transferring the information
with the right person and in a timely manner. This also helps manager to gives the unique
solution to the issues arises that is related to employees and technology so that it can be managed
in an effective way. Information technology in Tesco helps in efficiently done the daily
operations that does not include more cost and time due to this firm may indulge in capturing
more opportunities that helps in making more profits. It inculcates configuration of information
that helps in judging and taking right opportunity(Xiang, Magnini and Fesenmaier, 2015).
Role of IT in failure of business
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