Role of IT in Business Success and Ethical Issues

Literature Review

Abstract
The current assignment is basically based on the fact that in current business environment
application of IT and other computer network has become vital and important for a firm to
survive and succeed. Use of IT become vital to have increased level of productivity and
improved performance level through more efficient business operation and improved
communication. The current assignment comprises of a discussion about the role of IT in success
of a firm along with the main ethical and social issues which could be faced by a firm while
running a business. Further, a discussion about main types of networking and importance of
internet and intranet for a business firm are also included in the current assignment along with
analysis of Different stage of system development life cycle.

Table of Contents
Abstract............................................................................................................................................1
INTRODUCTION...........................................................................................................................1
Literature review..............................................................................................................................1
Role of IT in success or failure of a business.........................................................................1
Ethical and social issues associated with running business....................................................2
Indentify and difference between different types of networking technologies......................3
Importance of internet and intranet in a business...................................................................4
Different stage of system development life cycle..................................................................5
Analysis and discussion ..................................................................................................................5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Information technology can be stated as the study, design, development, execution, and
management of computer based system of information - specifically computer hardware and
software applications. Today, information technology plays very significant role in growth and
success of organisation (Brooks and Pomerantz, 2017). In this project, frequently used
computing terminologies like hardware, software, RAM and CPU and selected company is Tesco
which is one among the well-known organisation which was established in 1919 and is
headquartered in England. This report covers role of IT in success and failure of business along
with ethical and social issues related to business. It also discusses the different types of
networking technologies and their differences along with the importance of internet and intranet.
Apart from this, different stages of system development life cycle and analysis and discussion
based on overall report is discussed.
Literature review
Role of IT in success or failure of a business
As per the view point Xiang, Z., 2018., the concept of information technology is mainly
related and associated with the study, development and implementation of computer based
information system comprises of software applications and computer hardware to support more
automated and efficient management of a firm. It has been seen that use of information
technology provides and leads to most efficient way to collect, store, retrieve and analysis a
specific set of data and plan for effective management of business. Thus, an analysis can be
made out that use of IT plays a vital role in success of Tesco by the way of facilitating an
effective tool to solve complex problem and also helps in planning scalability and better future
growth.
Apart from this, as per the view point of Ashley Donohoe, 2019, a vital and most
important role is lead by IT in success of a business firm by leading recording of vital
information and transaction in more effective manner along with making a company more
productive and increased its performance through improved customer experience and
streamlining communication along with enhanced decision making. A better analysis of role of
IT in success of a business like Tesco along with facilitating more effective management is
provided and discussed below:
1