THE SIGNIFICANT IMPACT OF INFORMATION TECHNOLOGY IN BUSINESS AND GLOBALIZATION

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Nyangun Anak Sila

Abstract

With changing client demands, developing technology, and the marketing scenario, the business and globalization setting has seen a profound transformation during the last two decades. Business enterprises have begun to reposition their proficiencies via the use of various methods in order to survive in this competitive environment. Lean manufacturing is a type of production improvement strategy that focuses on reorganizing the manufacturing system in terms of processes to reduce waste, minimize differences, and lower costs.Government policy and technological skill have a positive and substantial impact on IT usage. To endorse technology expertise, the government should make ways to maintain and encourage companies that use technology by raising financing for companies that adopt it, supporting online tax payment and information systems, maintaining rules or laws that can influence IT usage and security of companies that use it, and establishing IT software standards for SMEs and globalisation.

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