Analyzing How Information Technology Shapes Business Strategies
VerifiedAdded on 2023/05/29
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Essay
AI Summary
This essay examines the critical role of information technology in business, highlighting its impact on customer relationships, manufacturing, cost reduction, and human resource management. It discusses how IT provides a competitive advantage and optimizes business processes, illustrated by the successful implementation of a new human activity system at Fallon’s home maintenance services, improving communication and security. The essay further explores how LG Electronics Inc. utilizes advanced technology to manage its products, services, marketing, and environmental records, using an interactive system for strategic decision-making and business development. Ultimately, the paper concludes that IT significantly enhances various aspects of business, from customer relations to advanced sales and marketing.
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