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Information and Service economy

            
             One of the challenges of developing Information and Service economy is maintaining quality in an increasingly global economy dealing with intangible products.
             A major shift around the world is altering the way people communicate, learn and work, and the way in which businesses and economies gain new efficiencies and create new wealth. This shift has been described in many ways: information superhighway, information revolution, information society, information age and information economy. Each of these terms refers to the fact that information is changing; or rather the ways in which information is produced, distributed and accessed are changing. .
             In tough economic times, executives and managers look for ways to make their people more efficient and keep a tight rein on staffing. But enterprises can't make these adjustments without considering the impact on customers. If service quality is sacrificed for internal efficiency, customers (and their wealth) will turn to the competitor who gains their trust in products, services and quality of care. So how can you engage and retain customers with top quality service, yet meet the demand for increased internal efficiency?.
             Introduction to Information and Service economy.
             Information and Service economy is also known as Knowledge-based economy. As we move towards the twenty- first century, the commercial world is undergoing an incredible transformation. Competition, world expansion and industrial modernism are pressuring businesses to modify the rudiments of how trade is conducted. Education has materialized as the tactical concentration for business and has been growing in significance over the last decade; companies have to search and leverage immense number of stores of information and proficiency to profit from this flourishing knowledge-based worldwide market.
             Information Economy.
             "The twin developments of technology convergence and globalisation have created a world in which data is networked, knowledge is disseminated and information is, above all, accessible.


Essays Related to Information and Service economy

1. Cyber Attacks and the Global Economy

These losses can be loss of intellectual property, loss of sensitive data and information, interruption of services, the cost of implementing cyber security. ... Both sensitive and personal information can be retrieved, websites could be marred, services can be disrupted, instant messaging systems can be abused. ... Information systems are of paramount importance to all partakers of the global economies. ... Utilities and other public services which include hospitals, defense, and transportation would be equally affected too. ... The disruption of online and other services along with the theft...

  • Word Count: 2935
  • Approx Pages: 12
  • Has Bibliography

2. Economic Growth Through Technology

Technological change will be one of the most important sources for a change in the economy. ... An information economy consists of education, research & development, media & communications, information services (legal, engineering, architectural, accounting and auditing, computer & data processing, medical, financial services, insurance, real estate, wholesale, and governmental services), and information technology manufacturing (robotics, CAD/CAM, numerical controls, printing, computer equipment and software, radio and television, telephone and telegraph, electronic components, instruments fo...

  • Word Count: 757
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3. Vietnam Economy

Vietnam economy Evaluate the economic performance of one of the ASEAN transitional economies - Burma, Cambodia, Laos and Vietnam - from 1970 to the present and examine its problems and prospects for reform and transformation. 1. ... As a result their economies were underdeveloped and lagging behind their neighboring countries. ... Section 2 will provide the background information on Vietnam. ... Background Information on Vietnam To better understand Vietnam's economic transition, we need to examine its historical past. ... It lasted till 1979 when the Vietnamese economy was on the ve...

  • Word Count: 2798
  • Approx Pages: 11
  • Grade Level: Undergraduate

4. New Economy

Challengers, Opportunity and Initiatives towards New Economy 2.1 K based-Economy Rapidly developments in technology, particularly information and communications technology (ICT) brought in the third wave of growth, which centres on the resourceful use of knowledge to create new value, wealth and economic growth. ... " K-economy or knowledge-based economies have been defined by the OECD as those which are directly based on the production, distribution and use of knowledge and information-(Donna Turner,2000) 2.1.1. Manufacture And Service Sector With global economic growth, ...

  • Word Count: 523
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5. Ontario's Economy - Transition into the Information Sector

Multiple factors contribute to this decline, politics and economy included. ... The government must shift its focus to funding information-based services, as research is the key to better planning. ... With advances in technology, many institutions that once utilized paper now offer the same services online (Bone, 2009, 211). ... Conclusion Overall, the federal and provincial government must work together to fund the information sector. ... This will broaden the demand of Ontario's goods and services, therefore allowing higher amounts of exports out of the province and directly benefiting...

  • Word Count: 944
  • Approx Pages: 4
  • Has Bibliography
  • Grade Level: Undergraduate

6. Australia's Economy

The Australian economy also continues to develop in the service and sophisticated manufacturing industries. Over the past 15 years, the Australian economy has evolved from mostly an agricultural based economy, with agricultural products and other commodities dominating the exports, to a well balanced economy that now relies on services and manufacturing to round out national exports. ... This means that the economy is driven by the production, distribution and use of knowledge and information. ... The competitiveness of Australia's international trade is becoming increasingly reliant on...

  • Word Count: 1402
  • Approx Pages: 6
  • Grade Level: Undergraduate

7. America's New Economy

The United States was a service economy at the brink of the twenty first century. A service economy is everyone not directly involved in producing and processing physical products. ... Service job wages vary from minimum wage jobs at a McDonalds all the way up to working in an information industry. ... This is just the information that they gave to the general public. ... The United States was a service economy at the beginning of the twenty-first century....

  • Word Count: 627
  • Approx Pages: 3
  • Grade Level: Undergraduate

8. The 21st Century Information Technology Revolution

The term information revolution (sometimes called also the "informational revolution") describes current economic, social and technological trends beyond the Industrial Revolution. ... Daniel Bell (1980) challenged this theory and advocated post-industrial society, which would lead to a service economy rather than socialism. ... Government is not confined to its primary role of defense, internal security, justice, primary education, primary health, irrigation and roads, but it encompasses production, industries, services and businesses. It is commonly known that most of government's money...

  • Word Count: 1942
  • Approx Pages: 8
  • Grade Level: Undergraduate

9. internet and Productivity

Productivity measures the efficiency of work such as the output of goods and services per hour worked. ... The new e-economy has been driven by the high demand of improving technologies in the using industries. ... As a result, the manufacturing sector reduced potential customer-service costs and inventory management. ... B2B commerce could reduce average prices across the economy by almost 4%. ... Within a ten-year period, B2B will have increased levels of output by 5% in the rich economies. ...

  • Word Count: 881
  • Approx Pages: 4
  • Grade Level: Undergraduate

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