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Showing posts with the label integration

The Importance of Information Flow for Business Development

The flow of information helps entities integrate operations and services that lead to a more efficient system. It doesn’t matter if we are discussing a single company, a group of companies, or an entire hub of economic activity. The process of encouraging proper information transfer and collaborative problem solving is important for moving an organism to its highest state of existence.  Imagine for a moment how well your body works if your feet didn’t communicate with your brain and your brain had no way of talking to the hands. You would have a difficult time walking, grabbing items, and otherwise functioning. You would eventually starve and pass away. The same occurs in companies and economic hubs when elements can’t communicate together.  Glazer in his book Smart vs. Dumb Service Strategies: A Framework for Ebusiness Intensity discusses the importance of information flow in developing an entity for higher levels of performance (2001). He makes three distinctions where

How Knowledge and Technology Improves Small Business?

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The Internet has contributed to globalization while small and medium (SME) businesses are finding the ability to connect with worldwide customers and increase revenues. Research by Vanyushyn, et. al. (2011) discussed the implementation of Internet technology for either structural improvements or marketing enhancements. SME adoption of new technology is important for their overall growth and innovative contribution to economic development. The Internet is reducing borders and spreading new technologies that create shifts in global structure (Kemeny, 2011). As information spreads, cultures change, businesses connect together, and commerce adjusts it develops a wider marketplace. A small business can be located in the U.S. but have customers from nearly any other place on the globe. Such changes were not possible a few decades ago. New information technology increases interaction between local governments, large corporations, and international organizations while SMEs impro