Information Technology â€“ The 21st Century Business Value Driver
Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 2, 261-267
One of the most important changes of the 21st century, an information-driven century, is the shift in the paradigm of managing and understanding businesses. Economic value has become more and more difficult to define and understand when looking through the perspective of the information age. The information age has brought information technology â€œinto the spotlightâ€ and transformed some of the classical economics concepts. The qualitative research for this paper has shown that â€œInformation Technologyâ€ is a solid 21st -century knowledge-based organization and economic- and business-value driver that business organizations have to capitalize in order to achieve Porterâ€™s business margin. The paper demonstrates that information technology as a business activity is not only a clerical activity, it has morphed to knowledge based organization and a value driver for the business organizations of the information age.
Keywords: economic value; information technology; knowledge-based organization (search for similar items in EconPapers)
JEL-codes: M00 D46 D83 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/RO/wp-conte ... Section%20III/10.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xix:y:2019:i:2:p:261-267
Access Statistics for this article
Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela
More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().