Ignou Mba 2013 Ms07 Solved

1. (a) Is Information Technology as vital to modern global business as money? Why or why not? Discuss some trends in IT development.

Information technology is necessary for the successful profitable functioning of any business entity. Managers will have to deal with the following issues: globalization and business reengineering. Globalization involves taking a worldwide perspective of the firm's business - it’s the challenges in opportunities, markets, customers, suppliers, competitors, and employees. Business reengineering is the fundamental analysis and redesign of everything associated with a business area to achieve dramatic performance improvement. Information technology helps managers understand what's really happening in any given company at any given time. It helps managers to make smarter decisions about investing their hard earned money and it makes business more efficient.

With the advancements in computer and telecommunication technology, the importance of information technology [IT] has gained widespread recognition in most parts of the world. In England, information technology has been included in the National Curriculum (Department for Education, 1995). In Australia, information technology is one of the key learning areas in the national curriculum (Queensland School Curriculum Council). Many Asian areas, including Singapore and Hong Kong, have invested huge sums of money to develop IT in school education (Education and Manpower Bureau, 1998; Ministry of Education, Singapore).

In the world of globalization, Information system is such where data are collected, classified and put into process interpreting the result thereon in order to provide an integrated series of information for further communicating and analyzing. In a progressively more spirited worldwide atmosphere, Information System plays the role as ‘enabler and facilitator’, which endows with tactical values to the officialdom and considerable step up to the excellence of administration....