"Information and communication technology has played a major role in s...
It and communication technology played a very important role in the section of delivery worldwide.
Internet provides an online shopping worldwide. Service enables companies to sell their product in other countries. Internet also makes it possible to pay your money quickly through e-banking.
Tele communication technology like mobile phone, telegram and fax is use to connect the people around the world.
These are used to place orders online and getting your product.
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"Information and communication technology has played a major role in s...
Introduction:
Information and communication technology (ICT) has revolutionized the way businesses operate and has had a significant impact on the globalization of services. It has facilitated the spreading out of production across countries by enabling seamless communication, efficient collaboration, and access to global markets. This has led to increased efficiency, reduced costs, and the ability to tap into diverse talent pools. Below are some examples that support the statement:
1. Outsourcing:
ICT has made it possible for companies to outsource certain services to countries with lower labor costs or specialized expertise. For instance, many companies outsource their customer support and call center operations to countries like India and the Philippines, where skilled labor is available at a lower cost. This has allowed businesses to focus on their core competencies while benefiting from cost savings and improved customer service.
2. Offshoring:
ICT has enabled companies to establish production facilities in different countries and coordinate their operations seamlessly. For example, multinational corporations often set up manufacturing plants in countries with favorable labor and production conditions. Through ICT, these plants can be connected to the main headquarters, allowing for real-time data sharing, inventory management, and quality control.
3. Virtual Teams:
ICT tools such as video conferencing, project management software, and cloud-based collaboration platforms have facilitated the formation of virtual teams. These teams can be geographically dispersed, allowing organizations to tap into global talent pools and access specialized skills. For instance, a software development project may involve team members from different countries who collaborate remotely to develop a product.
4. E-commerce:
ICT has revolutionized the way services are delivered and consumed. E-commerce platforms have enabled businesses to reach global markets without the need for physical presence. Companies can now sell their products or services online, reaching customers in different countries. This has eliminated geographical barriers and expanded market opportunities.
Conclusion:
ICT has played a crucial role in spreading out the production of services across countries. Through outsourcing, offshoring, virtual teams, and e-commerce, businesses have been able to leverage ICT tools to tap into global resources, reduce costs, and improve efficiency. The ability to communicate and collaborate seamlessly, regardless of geographical boundaries, has transformed the way services are produced and delivered in the modern globalized economy.
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