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The Impact of Information Technology on the Modern Business World

The Impact of Information Technology on the Modern Business World

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DEDICATION

This research material, titled “The Impact of Information Technology on the Modern Business World” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.




ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Office Technology and Management (OTM) for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on The Impact of Information Technology on the Modern Business World provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.




PRELIMINARY PAGES


CHAPTER ONE

INTRODUCTION


    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”



    The Impact of Information Technology on the Modern Business World


    1.0 Introduction

    1.1 Background Of The Study

    In today’s national and international buiness world, information is a price less commodity, what ever form it takes, without up — to the minutes, accurate information, most commercial organization would quickly founder.

    Such business offices serve as hubs or centers of information which take in, process, store and relay data and messages in a host of situations, financing, selling, building, making, servicing or advising — so as to to enable all sorts of people to function in their jobs, ranging from senior managers planning company activities over the next five years to stop assistants quering the current retail price of a product.

    While manual and paper-based system of information processing are still much in use, in the form of book, diaries, letters, invoices and so on, more and more office facilities are today being undertaken by electronic and compute-based technology.

    Information technology, both in the industry and business world is resourceful. In the 1905s, business embarked on the first widespread use of computer primarily as tools for recording and processing accounting transactions.

    Thus information technology has only really been part of business for about the last 40 years. Nonetheless, information technology is one of the most important resources in today’s business environment. But what exactly is information technology.

    Aronu (1999) defines information technology as the combination of two technologies; computing and telecommunication (the cornerstone of information technology and the main purpose of which is to transmit representation of information (signals) between remote locations).

    One must admit that the modern business world have been reshaped, compared to the business of years ago. History has it that man has to cross oceans, spend huge amount of money and energy to transfer information or transact business. Since the advert of computers, experts have contributed to research with a view of making computer a greater advantage to the business world.

    The world at present is connected to a global system of communication that ensures speedy information and business transaction. The global system of communication involves the uses of computer, GSM, fax machine etc.

    The modern technology offers world wide communication capability, a mechanism for information dissemination and a medium for collaboration and interaction between individuals without regard or geographical location.

    Buying and selling electronically is changing the way people think and carry out transaction all over the world. Time, distance, and competitive product quality, is no longer the problem. This has triggered off increased economic activities and is having a considerable impact on the world of business. The business world should not be left out in this trend. Inspite of many business hindrances ranging from poor computer appreciation to inadequate communication facilities, the business world must strive to harness the huge economic potentials inherent in this amazing technology that has revolutionalised global economics.


    1.2 Statement Of Problems

    Today’s organizational environment is quite different from that of the past. The global competition, information technology , the quality service revolution, and diversity and ethics have forces management of all types of organizations to totally rethink their approach to both operations and human resources. Because of the sudden shift, organizations are now more responsive to both their internal and external environments. The modern business world is characterized by state of art information technology.

    However most modern business organization’s, inspite of the numerous benefits associated with technological advancement are yet to help pace with drastic change and also the cost involved in acquiring the facilities, training and retraining of work force. Also important is the general attitude to embracing change.


    1.3 Aim and Objectives of Study

    The aim of the study is to examine each of these characteristics of today’s business world. In achieving this aim, the following specific objectives were laid out as follows to:

    1. To examine the role of information technology on the modern business world.
    2. To examine the impact of information technology on performance of the workers.
    3. To look into impact of information technology on communicvation in the modern business organization.
    4. To find out the attitude of organizations and their workers towards the change brought about by information technology.
    5. To enhance knowledge and eliminate difficulties encountered in the business world in relation to the use of information technology.

    1.4 Research Questions

    The study came up with research questions so as to be able to ascertain the above stated objectives. The specific research questions for the study are stated below as follows:

    • What role does information technology play on the modern business world?
    • What are the impacts of information technology on workers performance?
    • What impact does information technology have on communication in the modern business organization ?
    • What are the attitude of workers towards the change brought about by information technology?

    1.5 Significance Of The Study

    It is hoped that, the findings and solutions of this research work will be of immense benefit to the following:

    (1) Government:

    It will enable the government realize the relevance of information technology to the business and thus, strive to meet the challenges posed by information technology. It will also help the government plan her business policy along the path of information technology.

    (2) Private Organizations:

    This research work will provide opportunity to the private organization to look inward and restructure their organization to meet the intrigues of information technology simultaneously, its relevance to the modern day business.

    (3) Educational Institutions:

    It is believe that, at the end of this study, the educational authorities will see the urgent need to introduce information technology course to the academic curriculum and at the same time equip her students.

    (4) Students:

    This research work will serve as a vital academic tool for students who may wish to write further on this topic.


    1.6 Scope Of The Study

    This study was carried out in some selected organization spread within Kaduna Metropolis.

    The study also covers the impact and problems of information technology, also the modern equipments used in communication.


    1.7 Limitations of the Study

    During the course of this study, there were some problems encountered which stood as limitations to the research work. Some of the limitations include:

    1. Time Constraint:

      The time frame given to accomplish this project was very short due to school academic calendar and it was carried out under pressure which made the researcher not to implement some necessary features.

    2. Financial Constraint:

      Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).

    3. Initial Cooperation Delay from Respondents:

      A particular limitation of this work came as a result of the respondent refusal to offer their cooperation at the initial time they were contacted. This contributed in making the success of this research study difficult.


    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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    Defense Procedure for Office Technology and Management Researchers


    In preparation for defending a project or seminar on The Impact of Information Technology on the Modern Business World, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.


    Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.


    Conclude your defense by succinctly summarizing the study and offering insightful, evidence-based recommendations. A professional dress code, such as wearing a suit and tie, is vital to create a favorable impression and elevate your presentation.


    During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.


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