Manufacturing
Essay by people • August 11, 2011 • Essay • 278 Words (2 Pages) • 1,405 Views
For most companies to grow and move from small to medium size, it is important that they adhere to the "traditional" growth factors among which include research and development (R&D). This involves testing new materials and developing new programs and software. As it pertains to how IT and IT professionals influence organizations growth, it has been witnessed that most companies seeking to grow primarily perform R&D to develop new technologies that are novice to the rest of the world. With the way technology advancements are today, an organization may be having up-to-the-minute technology but may be outdated tomorrow and hence becoming obsolete. To enhance continuous growth, an organization thus needs to remain on the leading edge making sure that their products are up-to-date with what the customers expects. This is becoming more common in organizations dealing with electronics although even those dealing with other products need to stay on top to ensure that their products are appealing to customers. All this is impossible without better technologies and acquainted IT professionals.
One of the main factors that influence organizational growth is advancement or innovation. This is for the simple reason that when improvements are made at the various places of work, there is almost a guarantee in labor productivity growth. This may be due to improvements on such things like productions lines, plants, upgrading machinery, buying modern computers and using advanced technology among other things. Accordingly, when productivity increases, organizations tend to grow and gain a bigger market share. The rest of this paper exemplifies on the distinctiveness of firms that grow from small to medium size and examines how IT and IT professionals influence such growth and transition.
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