Role of Information Technology in Business Management

INTRODUCTION TO INFORMATION
TECHNOLOGY

ABSTRACT
This assignment had focused on role and importance of information technology in
running a business or in management of business operations. It has also helped in explaining
different kinds of ethical and social issues that are faced by businesses due to information
technology. There are various kinds of networking technologies that are used by retail sector
organizations like Tesco. These technologies are used for various kinds of different purposes.
Other this this in this assignment Growth in ICT and use of the Internet has also been explained.
Various kinds of effects that these technologies that they have on business has also been
explained and lastly, different stages that are involved in system development has been explained
in detailed manner. These factors or points has further helped in explaining Potential benefits and
drawbacks of Tesco in Information Technology in a detailed manner.

TABLE OF CONTENTS
ABSTRACT....................................................................................................................................2
INTRODUCTION...........................................................................................................................1
LITERATURE REVIEW................................................................................................................1
Role of information technology in Management.........................................................................1
Ethical and social issues associated with Technology.................................................................2
Differentiate between types of networks.....................................................................................2
Growth in ICT and use of the Internet and its effects on business..............................................3
Different stages of systems development....................................................................................3
ANALYSIS AND DISCUSSION...................................................................................................4
Role of IT in the success or failure of Tesco...............................................................................4
Ethical and social issues that pertain to running businesses........................................................5
Different types of networking technologies................................................................................5
Importance of social media in Tesco...........................................................................................6
Different stage of system development life cycle........................................................................6
Potential benefits and drawbacks of Tesco in Information Technology.....................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Information technology can be defined as an application or study of computers or any
other kind of technology that can be used for storing, sending data, retrieving or receiving data or
information (Dutta, Geiger and Lanvin, 2015). It is a broad concept which is used by
organizations in order to sustain within this competitive market. It is one of the most important
factors which is required by the organizations to focus on if they want to compete with their
competitors in this competitive market. IT not only helps an organization to increase their
productivity, efficiency but also helps them to gain competitive advantage (Schwalbe, 2015).
This assignment will focus on role of IT in the success or failure of Tesco, ethical and social
issues that pertain to running businesses, different types of networking technologies, importance
of social media in your business different stage of system development life cycle, potential
benefits and drawbacks of Tesco. Tesco is a British multinational retail sector organization that
was founded in 1919 in England, United Kingdom.
LITERATURE REVIEW
Role of information technology in Management
According to the view of Zurawski, (2018) Information technology plays a vital role in
management. It helps the managements of an organization to focus on enhancing overall
efficiency and effectiveness of the business process, increase collaborative working, enhanced
decision making. It helps in simplifying various kinds of management functions such as
planning, budgeting, retaining staff members, saving and protecting employee’s information.
Other than this information technology helps management of an organization to track their sales
data, their productivity level, expenses etc. this information extracted from information
technology system can be used by management to track their profitability, maximize investment
or return as well as also helps identifying improvement areas in which organization can bring
improvement. Effective and proper use of Information technology can also help the management
of an organization to maintain and manage their relationship within their customers, analyse
needs, wants and desires of their customers so that if any kind of change is required to be done
then it can be done. In this manner importance of information technology in management
increases as it can enhance decision making done by the management of an organization, identify
improvement areas for the growth of an organization and many more.
1