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manage information as a resource

As a small business owner, information can be one of your key assets.

Why must you, as a business owner, manage information as a resource?
How might the Internet and related communication technologies change your business?
What are some of the ways that information technology can improve productivity and performance in your business?

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Why must you, as a business owner, manage information as a resource?

In today's extremely competitive and dynamic business environment, the importance of managing information is increasing day by day as the information is considered as a key resource for obtaining competitive advantage in today's business environment. In other words, successful and progressive organizations have demonstrated the value and benefits of effective management of information.

Today's businesses have to deal with much more information pool than ever before, due to advancements in technology and communication, such as internet, email and other software tools, which has radically increased the flow, exchange and storage of information. Business owners can make innovative use of information with the help of softwares, such as conducting complex analysis, making projection and forecasts, analyzing competition, creating useful MIS reports,etc.

Thus, the increased use of information in various areas of the business has made it mandatory for businesses, be it small or large, to manage and make most efficient use of available information resources.

How might the Internet and related communication technologies change your business?

Internet and related communication techniques, such as email, Voice Over IP and mesenger, has radically transformed the way business is being today ...

Solution Summary

Why must you, as a business owner, manage information as a resource?

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