2.0 Managing the Digital Firm

In my opinion, we need to study about these topics because nowadays, data and information are easily gathered in one system. Peoples around the world started create an effective data storage system in their organization too many years ago. Just now, people or organization in Malaysia are already aware about on how to have a concrete and secure system in order to retrieve, collect, process, store and distribute their information so that the system can help organization in doing decision making and controlling.

Nowadays, the role of internet technology has influence in spreading the information regarding any HR practices, products or services provided by the organization. Other than that, there are four powerful worldwide changes that have altered the business environment which were Globalization, Rise of the Information Economy, Transformation of the Business Enterprise and Emergence of the Digital Firm. But then, there are also positive and negative impacts of information system that has been used by any company or organization nowadays.

The positive impacts are including business services become more efficient, information regarding business can be easily distributed in global and patterns for the customer purchase easily being analyzed. Business services become more efficient because buyers and sellers easily can exchange their information about the products, services and payments term.

Other than that, the negative impacts of information system are the first is about the privacy of the information shared. Some information can be shared easily but, some of them are very confidential especially in terms of Human Resource practices and the way company being operated. Secondly, when we talk about system, it was created by human thus, it can also being outages and shutdowns for the time being. So that, it need to be improved time after time suitable with the enhancement in technology system. Thirdly is about illegal distribution of intellectual property issues. This problem happen when someone in the company or organization shared any confidential information or paperwork to the other competitors. Thus, automatically it is considered as illegal distribution of information then, which did it, can be sued by the company.