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INFORMATION TECHNOLOGY and STRATEGIC MANAGEMENT

ncreased within an economy, an industry, or an organization. The introduction of new technology into industries tends to lower production costs in those industries, over the long-term. Technology, thus, is indispensable with respect to growth (Miller, 1996).

Information technology encompasses computer and communications technology and their applications. Technological and theoretical innovations ranging from ranging from DNA computing to optical circuitry hold the potential to further revolutionize computing. The combination of more powerful (yet physically smaller and less expensive) computers and innovations in software programming is permitting and will continue to permit ever larger sets of data to be manipulated in ever smaller organizational units (Norsworthy & Malmquist, 2000).

Technological innovations based in electronics hold the potential to change dramatically the ways in which organizations function. Organizational managers, thus, must be prepa

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INFORMATION TECHNOLOGY and STRATEGIC MANAGEMENT. (1969, December 31). In LotsofEssays.com. Retrieved 05:39, May 18, 2024, from https://www.lotsofessays.com/viewpaper/1706578.html