Sample Essay

The argument for validating the treatment of information as ‘money’ is equally enforcing on the information received from various channels outside the organization. Let’s now discuss the notion of the organization today. Foremost, organizations today are not a sole entity. In the competitive era of today, building partnership networks serves as the key to excelling in business operations covering the globe. It is in this view that organizations are simultaneously linked to various business partners that serve in differing capacities to the organization, strategic and operational. In such a case, information received is valuable for any ‘link’ in this chain to improve its efficiency. Secondly, information from the environment outside the organization, serves as a strengthening mould in ensuring the economic value of each transaction between businesses. Information, hence, as accurate and relevant as it may, is an asset to the organization that serves its monetary objectives.

It is therefore evident, that the role of information as money is highly important to business today. An important point to note here is that information never gets outdated or obsolete. It is merely our view of this information that should change, with our strategy to deal with new and old information at the same time. Treatment of information as money can assist in developing IT systems and infrastructure strategies that can function more efficiently, in view of such importance, as well as assist in positive projections on how to deal with vast sums of information, turning it into a valuable asset to the organization and deriving economical, financial, environmental and global benefits from this. A slightly less prioritizing of organizational information and its importance in the overall communication can lead to significant human error, owing to the ‘ignorance’ factor, typifying the future decline of business and its overall operations.

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