The problems appear here are lack of infrastructure, government policies, and literacy low level of local people. Building the infrastructure will not realise quantum leaps in the development process unless it is coupled with concrete projects and activities that engage the community at large with its different segments and groups irrespective of their locations whether urban or Those SMEs who are interested in promoting their business on online may find these results helpful in guiding their efforts. Issues Concerning ICT-Use in Business Management, revolution changed the whole idea about the wealt. Information technology has become very important in the business world. Business concepts and models were revolutionized as a result of the introduction of technology. Information technology can helps through: Communication Inventory management Management Information Systems Customer Relationship Management There is a need for more focus and concerted efforts on increasing awareness among SMEs on the benefits of ICT adoption. One of the important elements of Vernon (1991) International Product Life Cycle (IPLC) theory is technology, whereby it is a critical factor in the development of new products. Results show that the use of ICT is very low in the small and medium business enterprises while the large businesses houses are using ICT supports. schools in Bangladesh (Arifur, et. Majority of SMEs outsource most of their ICT activities. 8, pp. and Management Engineering, Aug. 2013, Vol. Lack of Domestic Employment Opportunity of ICT Professionals, Poor Quality in Knowledge of Science, Math and English, Very Strong Culture of the Established Work Practices. While research has generated very useful insights, usually at the macro level, regarding the multifaceted nature of environmental innovation and regulation, the characteristics and drivers peculiar to international companies have remained underexposed in the policy-related literature on clean technology transfer and development. This paper presents the results of an exploratory study carried out to learn about the use and impact of Information and Communication Technologies (ICT) on Small and Medium Sized Enterprises (SMEs) in Oman. But the developing countries like Bangladesh are still struggling to introduce ICT supports in all areas of businesses. For those of you that don’t know, information technology is the study and use of systems for storing, retrieving, and sending information. Unlike the Developing Countries (DCs) where literacy, poverty, diseases and in, Join ResearchGate to discover and stay up-to-date with the latest research from leading experts in, Access scientific knowledge from anywhere. International Journal of Scientific and Research Publications, Volume 3, Issue 2, February 2013 1 ISSN 2250-3153 www.ijsrp.org The Role of Information Technology in Small and Medium Sized Business Sanjay D. Beley1 2and Pravada S. Bhatarkar 1Vice Principle, Dr. Ambedkar College of Arts, Commerce and Science, Chandrapur (M. S.) We present a model that model indicates convergence of different areas in economy, environment, business, society. This study examines the relationship between ICT adoption and its five factors which are perceived benefits, perceived cost, ICT knowledge, external pressure and government support. on economics and communications. Arifur Rahman Khan, Reza Shahbaz Hadi, Dr. Md. As samples of ICT developing, we consider some of Asia countries and discus about how they make development in information and communication technology. Shahram Gilaninia, Seyyed Javad Mousavian, (2012), The Role, International Journal of Business and Management, Adewoye, J.O and Akanbi, T. A., (2012), Role of, International Journal of Business & Management. Chapter one, an introduction to international business and management, identifies what constitutes an international organisation, This paper examines the role of IT in the context of international business to business (B2B) relationship and its contribution to supply chain performance., – This literature review paper develops a conceptual model of IT‐mediated relationships in international supply chain … It is inevitable for the smooth running of business irrespective of size and complexity all over the world. Results also show that the use of ICT primarily depends on the complexity and the nature of the business. In these nations, human knowledge and skill have witnessed tremendous growth through the use of ICT. management in Bangladesh. Various ICT projects are implementing in developing countries and they have sustainable effect, Purpose: The aim of this paper is to propose a conceptual framework of knowledge sharing for Bangladesh’s business organizations. Abstract and Figures Information and Communication Technology (ICT) is an integral part of business management now-a-day. More recently, with, started to modernize its telecommunications infrastructure and introduce the, 5. Noticeable digital divide in the country can be, USA, Volume 4, No.8, December 2012, www.ijais.org, http://irri.org/climatedocs/presentation_Lists/Docs/6_Mallick.pdf. When customers use technology to interact with a business, the business benefits because better communication creates a stronger public image. 3, No.6 (www.iiste.org). The findings of this research will provide a foundation for future research and will help policy makers in understanding the current state of affairs of the usage and impact of ICT on SMEs in Oman. Inventions in technology have helped small and medium-sized business in marketing through different kind of media where the restrictions of print ads are minimum. IT plays a vital role in daily life. Rastrict and Corner, 2010; Lin and Lin, 2006 and Melville et al., 2004) reveal that there is a growing support for the positive relationship between ICT and its advantages. The problems are concerning delays in carr, restructuring of the Bangladesh Telegraph and Tel. Examine the impacts that evolving computer technology and the Internet have had and are currently having in business research; Business Research provides a person with a basic understanding of quantitative techniques used in analyzing business trends and statistics. Information technology has had a major impact on various aspects of businesses. The ..... of the international business should be large in order to have impact on the foreign economies. Mahfuz Ashraf, (2013), The Impact The information technology barriers in supply chain of sugarcane in Khuzestan province, Iran: A combined ANP-DEMATEL approach, Tackling the ICT Infrastructure Gap for the Successful Implementation of E-Government Projects, E-Governance in Bangladesh: Present Problems and Possible Suggestions for Future Development, Drivers for Information and Communication Technology Adoption: A Case Study of Nigerian Small and Medium Sized Enterprises, ICT Adoption in Small and Medium Enterprises: an Empirical Evidence of Service Sectors in Malaysia, Use Of Ict In Smes Management Within The Sector Of Services, ICT Development and Its Impact on e-Business and HRM Strategies in the Organizations of Pakistan, COMPETITIVE ADVANTAGE THROUGH INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) ENABLED SUPPLY CHAIN MANAGEMENT PRACTICES, Visitors' Perception about the Entertainment Parks in Dhaka City of Bangladesh, Success Factors of Online Commodity Business in Bangladesh, The Evolution of the ICT Industry in Egypt, The Impact of Information and Communication Technologies on Developing Countries. Information technology is important to global business because it can make the businesses able to have a clear communication within the companies in different countries, better supply chain management and marketing of the product will be effective. All rights reserved. The Role of Technology in the Theory of I International Trade RONALD W. JONES UNIVERSITY OF ROCHESTER in ly P. "Technology" refers to the way in which resources are converted into th commodities. Of course, when you talk about eliminating steps in business, there is the possibility … 1-24. Some of actions of technology in business include accounting systems, management information systems, point of sales systems, and ot… %PDF-1.4 Information technology (IT), as defined by the Information Technology Association of America (ITAA), is “the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and … This paper describes the evolution of the ICT sector in Egypt since the establishment a Ministry of Communications and Information Technology (MCIT) in 1999 while mapping the ICT potentials for socioeconomic development. profitability (Adewoye, J.O and Akanbi, T. A,. Design/methodology/approach: On the basis of previous literature, this paper proposed a framework for knowledge sharing. All figure content in this area was uploaded by Dr. Nazrul Islam, All content in this area was uploaded by Dr. Nazrul Islam on Oct 05, 2017, (ICT) and Business Management: Contemporary. Therefore, ICT is concerned with digital data storage, retrieval and transmission. Vol. Adequate ICT infrastructure investment in member countries under the Belt and Road initiatives could reduce the huge ICT infrastructure gap hampering the execution of e-government programs. 367-373. We consider that ICT should be used in small business management within the sector of services because ICT are key tools in management processes and could improve managerial practices. Technology transfer covers various activities, including the internal transfer of technology from the R&D or engineering department to the manufacturing department of a firm based in a country. 8, pp. Marketing technology, for instance, was frequently seen as applicable, though lower in financial impact. Business Institute, University of Wollongong, Sydney, Australia, pp. management control, operational control and administration. Simply told, technology transfer is a process that per… 5 0 obj © 2008-2020 ResearchGate GmbH. An important use of technology in business is for communication through platforms such as conferencing software, email, video chat, company intranets and the internet in general. Innovation in business has the same impact that steam had on the industrial revolution. Tracking methods for shipping and purchasing is another huge technological innovation, as it allows businesses to verify the delivery of goods and the quantity of inventory purchased. Read below to find out how information technology plays a role in a number of different fields that you might not have realized. Originality/value: This paper adopted the general model of workplace commitment and integrated with organizational factors (organizational culture, leadership, structure, top management support and ICT support) to understand knowledge sharing for the business organizations of Bangladesh. IT allows businesses to easily hold virtual meetings with staff and clients around the world without having to spend time and money on travel. 2012). These findings are consistent with other studies e.g. ;�u��/6[���X�r�R�^�h(��֫�Y/����p���N��7��>� J���v���HO{�m�+WxHC�&6�Nrd��c'��n;��n��|�G{^�7c#/M0�A��؝�V���R|W�-f��Ț~U��`�YY��,�A� Future research with empirical evidence will validate this conceptual framework. Next, organizational and supply chain management barrier indicators are ranked second and third, respectively. – Advanced information technology (IT) changes the way companies manage cross‐border supply chains. The most important modes of technology in international business include electronic communication such as emails, texts, faxes and virtual conferences. Also, among the 28 research components (sub-criteria), the “lack of financial support” component with the weight of 0.04821 ranked first, followed by “poor outsourcing management” and “high investment and installation costs” as second and third respectively, which also had the most impact on the sugarcane supply chain. Information technology has dramatically transformed the lives of individuals. 9. International business ..... need accurate information to make an appropriate decision. The role of technology in business caused a tremendous growth in trade and commerce. 367-373. introduction to international business and management, (2) international strategy, (3) human resource management, (4) managing information and technical resources and (5) international business and trade. This is such a basic feature of an economic model, whether This article, therefore, recommends the formation of the Belt and Road ICT Infrastructure Investment Fund (B&R ICT Infrastructure Fund) under the OBOR strategy to allow member countries to source funds for the execution of e-government projects. To describe the management systems of business in Bangladesh; , Aug. 2013, Vol. 1 Issue 2 July, ISSN (Online): 2230-8849. distance services; rebalancing of tariffs; and obstacles to universal access. To make transparent and effective the government works, to increase government efficiency, accountability and to improve the service delivery and participating the public in all aspects of government activities e-Governance is obligatory. The research question was answered by analysing published sources and interpreting evidence. DEMATEL technique was also used to identify the relationship between indicators, and the ANP method was also employed to prioritize the before mentioned barriers. stream Therefore, it is becoming a real-time challenge for developing nations to keep pace with the developments taking place worldwide but also to have equal universal access to its, This paper presents the impact of information and communication technology (ICT) on different areas of development of developing countries. Information technology is the only technology which provides you the opportunity to analyse specific data and plan your business journey accordingly. important implication for policy aimed at ICT adoption and use by SMEs. Challenges of Using ICT in Business Management, 5.1 Poor Telecommunication Infrastructure. Network Administration & Security is a specific category of Information Technology, focused on the transmitting data aspect of IT. This study investigates how the use of ICT could contribute to the success of small and medium enterprises (SMEs) within the sector of services. The entrepreneurs who have ICT literacy, they are mostly using ICT supports in the management of their businesses. Learn the governance tools of information technology with an online class. It provided a faster, more convenient, and more efficient way of performing business transactions. pricing information for the output market and (viii) Lack of agricultural knowledge. initiatives to integrate ICT in education. Advancement in communication and information technology has further strengthen the role of the internet in business. Information and Communication Technology (ICT) is an integral part of business management now-a-day. The internet is widely used in organization for marketing and promotion of products and services. The paper synthesizes the existing contributions to supply chain literature primarily focusing on ICT practices and draws on various related bodies of literature that enables SMEs to achieve competitive advantage. The study confirms that ICT adoption i. on thereby assisting in their development process (Idisemi Apulu & Ann Latham, 2011). 1.0 Introduction and Background of Study 2.0 Literature Review Information Technology Systems Supply Chain Management The relationship between IT and SCM The Impact of IT on Inventory Management Impact of IT on Logistics 3.0 Problem Statement 4.0 Research Questions 5.0 Theoretical Framework Hypothesis Development 6.0 Methodology Research Design Data Population and Sample Data Analysis Model 7.0 S… Data on these aspects of ICT was collected from 51 SMEs through a survey instrument. professionals to fill the ICT job market; these resources to improve their business activities; absorb the initial high investment cost of implementing ICT project; and, Instant access to multitude if information available through the internet from countless W, and quick decision making using such information are essential to be competiti, globalization era. Our findings therefore have important implication for policy aimed at ICT adoption and use by SMEs. Another way of approaching this question could be collecting and analysing empirical data from the SMEs within the sector of services and comparing the results with the findings of this study. The main driving forces for ICT investment are to provide better and faster customer service and to stay ahead of the competition. It also includes the same transfer of technology from a laboratory or operations of a MNCs in one country to its laboratory or operations in another country. The present generation must adapt to new situations some of which are. Findings: This paper identified organizational commitment as a potential mediator for the relationship between organizational factors, Information and Communication Technology (ICT), is fast becoming the principal agent and infrastructure for globalization and thus, has become a veritable tool for national development in many of the advanced nations. problem systematically and channel investments towards expanding its, seaports, and airports. The reasons are concerned with the overall development of ICT in the countr. Fast shipment options allow businesses to move products over a large geographic area. Propositions of organizational commitment as a potential mediator and top management support and ICT support as potential moderators will provide managers with a better understanding of employees’ knowledge sharing behavior. Information Technology is a terminology which is known to all educated people of the World at present times. Researchers (e.g. were collected from the experience survey and the secondar, management process in Bangladesh. The specific objectives are outlined below. The study investigates ICT infrastructure, software used, driver for ICT investment, perceptions about business benefits of ICT and outsourcing trends of SMEs. Ongori (2009) also states that SMEs are compelled to adopt ICT in their business processes in order to cope with the challenges in the business environment. has fallen behind most of its neighbors with regard to performance in this sector. Our proposal includes government contributions and the benefits for both government and the citizens. qualitative deficiencies in service delivery and to, detection and prevention are crucial t. almost 15 sectors including agriculture, industry, energy, health, and land etc. Knowledge has always been prime mover of prosperity. Finally, It includes the transfer of technology from a research consortium supported by many firms to one of the members. The inherent characteristics of computer have made a tremendous impact on every aspect of work which it has been used. ICT includes all digital technology that assists individuals, businesses and organizations in using information. The One Belt One Road (B&R) strategy spearheaded by the Chinese Government has been identified as a potential funding source for e-government projects through ICT infrastructure investment. Lack of internal capabilities, high cost of ICT and lack of information about suitable ICT solutions and implementation were some of the major barriers in adopting ICT. (organizational culture, leadership and structure) and knowledge sharing. Proposal includes government contributions and the journal papers business..... need accurate to. Busy business environment, it includes the transfer of technology most important indicator,! 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