Need management help with Internet and Information Technology

timer Asked: Dec 27th, 2015
account_balance_wallet $5

Question Description

Give examples of how Internet and other information technologies support business processes within the business functions of accounting, finance, human resource management, marketing, and production and operations management.

Tutor Answer

miss stl
School: UIUC

Thank you for the opportunity to help you with your question!

Information technology has a very significant role in business and business operations. In accounting the internet helps in storing the information in safe domains for future references this is in the case of cloud computing. It is also useful in publishing financial statements to the public. There are also accounting software that make the work of the accountants simple and accurate. This also helps in controlling the finances and cash flow in and out of the business. There is also the sharing of information on the internet and comparison of performance with the competitors.

In the procurement of the human resource, the internet gives access to many qualified personnel outside the business setting within the shortest time possible making the recruitment process easier. This has also been seen in marketing as one can easily post advertisements on the internet and reach up to millions of clients at the same time. In production and operation the internet helps in getting the best inputs as well as the best human resource to perform the operations as well as new technologies.

Please let me know if you need any clarification. I'm always happy to answer your questions.

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