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Essay / Research Paper Abstract
This 10 page paper considers the connection between technological change and the future of business operations, especially in the banking industry. This paper relates the fact that global banking operations and the availability of information systems technology has been viewed as a significant avenue for operational change in the business sector. Bibliography lists 12 sources.
Page Count:
10 pages (~225 words per page)
File: MH11_MHBankI3.rtf
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Unformatted sample text from the term paper:
information that they need in order to make informed choices about the best way to meet customers needs, and, crucially, are also given the responsibility and authority to do something
about it" (Management Today, December, 1996). The future of the global organization, then, is going to be defined by the ability to implement valuable information systems technology that can
be utilized by a variety of different people in the organization. Global banking operations and the availability of information systems technology has been viewed as a significant avenue for operational
change in the business sector. In considering the application of information systems technology in Bonfields statement, it is beneficial to look at specific issues and the way in which
business operations will change through the continued development of information systems technology (IT). The Problem When a person goes to a car showroom to purchase an automobile, there
is a considerable amount of paper work that must be followed by communication with a bank and a banking process that determines whether a person is eligible for a car
loan. One of the problems in this process is that a bank application often goes through a hierarchy through which the decision is then made. The call may
be initially heard by the bank manager, but a loan servicing officer may have to assess credit information and other variables before a decision can be made. Subsequently, the process
of purchasing an automobile is never as simple as walking into a showroom, picking out a car, signing papers and driving away. Bonfields statement suggests that if the bank could
implement the use of information systems technology, so that the person who first takes the call has the information they need to answer the question of whether the loan could
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