Question

1. “The Internet a typhoon force, a ten times force, or is it a bit of wind? Or is it a force that fundamentally alters our business?” (Grove, 1996).

According to the meteorological analogy given by Mr. Andy Grove, Chairman of Intel, used with the Internet, explain how your organization can achieve significant cost savings and marketing benefits through the use of the internet technology.

Answer 1

Good and rapid communications can help increase productivity, improve business decision-making and a company’s expansion into new territories or countries.
Streamlined work flow systems, shared storage and collaborative work spaces can increase efficiency in the company and allow employees to complete a greater level of work in a shorter period of time.
Adoption of information technology resources such as internet allows companies to have and maintain a competitive advantage over their rivals and to get a better share in the market and be more profitable.