New business strategies have become dependent on ICT. Discuss

New Business Strategies have become dependent on ICT

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22 January 2009 Introduction

The fact that ICT or information and communication technology has become the backbone of new business strategies cannot be emphasized enough . To begin with , there is no single business venture that can run without proper dissemination of information to its clients . The firm needs to employ succinct and informative means that will undoubtedly capture the audience . Since the world is a global village , the

internet is the best place to post adverts . Not only can clients view what a firm has to offer , they can also make their s online . Secondly , businesses need to outsource for resources in to remain competitive hence , they must embrace ICT . Thirdly , in to ensure that a business runs on a sustainable basis , there is need to forecast market models by analyzing current and past economic patterns . This can done be staff who may not necessarily be located within a firm 's precincts , but are able to communicate using e-mail . Additionally , firms need to monitor the performance of their employees . This is done by employing monitoring systems through ICT . The list of ICT applications in new business ideas is therefore endless

Online marketing has become a common avenue for business managers Currently , it is possible for customers to book goods online and even place them in their own online shopping carts . An online shopping cart is software...