Information Technology (It) Imperative for Strategy Managers in the New Millennium

Abstract

Management involves in the main, decision making under situations of uncertainty. The strategic dimension of management involves activities leading to the formulation of alternatives from which a particular option that suits the enterprise will be chosen (strategic objective), and which will affect the firm for several years ahead and implementing such, so as to realise the envisaged goal.



Accurate, relevant, up-to-date, timely information is a sine qua non for such an activity of management. The relevance of information technology (IT) to strategic management can be seen from the fact that rapid advance in micro-electronic technology has revolutionised many of the processes by which goods and services are made available to the customers. Consequently, the improvement in world-wide communication systems has given impetus to better and more timely information prior to decision making.



The main thrust of this paper is to present the objective criteria for managers in the 21st century to appreciate the benefits of visionary, purposeful, result-oriented management and the indispensability of IT in a world that has become a global village.



IFE Psychologia (2002) 10(1), 114-125