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Three Internet Exercises

The amount of data available to most organizations in the contemporary environment is both immense and increasing. This outcome is a result of technology becoming more powerful and cheaper to use. Powerful microprocessors, inexpensive data storage devices, and increasing amounts of bandwidth available to transmit data fuel the increase in data volume. The usefulness of the data to strategic managers, however, depends in large part on to ability of managers to access the data in a timely manner and in an acceptable format (one that facilitates its use in issue/problem analysis and decision-making). Secondly, however, managers require analysis tools as well as timely access to usable data.

Technological innovations based in electronics hold the potential to change dramatically the ways in which organizations function. Organizational managers, thus, must be prepared to anticipate such changes and devise strategies to manage such changes effectively, as opposed to waiting around to react to changes when they occur.

The pervasiveness of information technology (IT) and the application of that technology to information systems (IS) continue to spread. Information technology is applied in a wide range of economic activities. One of the latest and potentially most significant advances in IT in relation to organizational performance is the development of innovations that hold the potential to influence the structure of strategic management systems in organizations.

Information is critical to organizational performance in the contemporary knowledge-based economy. As a consequence, information systems have become a primary organizational resource. The management of information systems in contemporary organizations is in a period of transformation.

An effective strategy is not necessarily one that promises maximum efficiency or least total cost, but rather one that fits the needs of the organization and strives for consistency ...

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Three Internet Exercises. (1969, December 31). In LotsofEssays.com. Retrieved 13:48, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1713069.html