This term paper discusses the strategic role of Information Technology in business management and its global implication. This term paper on Technology further discusses evolution of business and information technology systems. Use of the internet has helped business to make a strong impact on the globe. Information technology has completely changed the global organizational structures. Information technology helps achieve the organizational goals and objectives in different ways. The discussion elaborates upon the uses of Information Technology in different management functions. Technology effects an organization’s productivity, cost-effectiveness and ability to influence the society.

To discuss the effect of technology on business, let us first discuss the evolution of businesses and management systems. In ancient times, the business involved more face-to-face conversations. The societies were small; people knew each other and exchanged goods and services. (read full text…)