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Information Technology

In: Corporate Restructuring

Author

Listed:
  • David E. Vance

    (School of Business Rutgers University)

Abstract

Information technology (IT) can be a tremendous tool for driving productivity or it can bleed a company dry. It is not just the cost of computers, software and programmers that can drag a company down; computers can make and replicate mistakes far faster than an army of clerks. Such mistakes can be ruinous. On the bright side, computers can replace an army of clerks, reduce workload, enable people to communicate quickly and accurately, help identify, sell to, and service customers, and improve supply chain management. Well thought-out systems provide management with the means to keep its finger on the pulse of a company in near real time; identify problems; and change course to meet new threats and challenges. Companies also tend to collect vast databases which can be mined to improve operations. But few companies take full advantage of the opportunities information technology presents.

Suggested Citation

  • David E. Vance, 2009. "Information Technology," Springer Books, in: Corporate Restructuring, chapter 0, pages 185-195, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-01786-5_12
    DOI: 10.1007/978-3-642-01786-5_12
    as

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