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Manufacturing

Information technology importance

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Information technology importance

Information technology helps in enhancing efficient communication in corporate hence leading to effective corporate governance. Corporate for the efficient government, they require communication, which is very useful as they will be able to disseminate duties, pass information, and communicate with employees on areas that they are facing challenges to straighten issues hence good corporate governance. Information technology helps in enhancing corporate governance by enabling corporate managers in planning, organizing, directing, and controlling the utilization of IT resources. IT plays a very critical role in strengthening corporate governance and helps firms achieve their set objectives. Information technology also equips corporate management teams with adequate knowledge and skills in decision making. These essential concepts help them in governing corporate in the best way possible. Firms require decision making that helps in moving the corporate to the next level.

Several US laws and controls affect how a company operates. This is either positively or negatively, depending on the laws. For example, antitrust laws are regulations that affect company operations positively through monitoring the distribution of economic power in business. This helps in providing healthy competition and regulates the numbers of practices business is involved and how they affected the normal operations of the other companies. Another US law is taxing policy. It is one of the government’s policies that affect company operations directly. This is because the money earned by the company transaction is deducted a certain percentage to be given to the government as tax. This affects the company operations because it has made some losses and pays taxes to the government; it will be pressed more to fulfill or pay its bills. There are also government laws that ensure the companies operate within the ethics, good health, and safety of the consumers. This affects the company positively by enabling them produced quality and safe products for consumers.

 

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