A growing significance of telecommunication was discerned since the past three decades of 20th century for its ever-growing effect on productivity. It’s an important economic factor that plays an integral role in evaluating the economic growth. It has been identified as the building blocks for economic prosperity prerequisite for national development as well as an acute indicator of organizational competitiveness. Not only in economic growth but the telecommunication has greater effect on socio-economic and overall development as well.
Let me do some highlights on it. Post-modern civilization tends to produce a confusion making them equal and furthermore confusing individuals that they are alike. But the basic difference between those two terms is that growth relates to increase in quantity what we already have, whereas development means both quantitative and qualitative improvement.
Telecommunication is one of many important means for increasing the economic growth and economic development at length top telecom recruiters. Telecommunication causes companies to utilize their input resources as much as possible in a successful way. There is a sharp controversy on if the investment in IT and telecom provide improvements in productivity and business efficiencies.
Investment on IT and telecom sectors could make poor direct contribution to overall performance of companies until they are along with complementary investments in operation activities, company restructuring, and human capital. As we get various research works from Cobb-Douglas model (was used to examine the impact of Information Technology investment on productivity at Telecommunication Company of Tehran (TCT) and Weighted Least Square (WLS) (was run by SPSS 15 to check hypotheses) – it’s explicit that IT investment not merely makes the positive contribution to the output of Telecommunication Company but additionally this contribution is positive after deductions for depreciation and labor expenses.
At the current era there are lots of telecom service providers in the global as well as national market in Australia. They’re knowingly or unknowingly all these factors, with a perseverance that telecommunication can accelerate a small business as well as a solid brand image have entered into this telecom arena.
Its importance and ever-growing demand was clearly estimated form the fourth edition of the ITU’s World Telecommunication Development Report (Malta, March 1998). It showed the growing significance of electronic information for economic, educational and social advancement, highlighting how critical universal usage of communications has become. For over 40 million people was waiting for a telephone line worldwide. Where least developed countries have telecommunication penetration levels as much as 200 times below that of developed countries.
Keeping pace with complementary investments in operation activities, company restructuring, and human capital and to meet the ever-increasing demands of the global people (explicit from World Telecommunication Development Report, Malta, March 1998), Teleus, a respected Australian telecommunications company, has entered to the telecom arena to make this service most cost-effective. For company’s research work on all nitty-gritty telecom aspects the business is able to provide its clients cheap business calls and unlimited business phone lines facilities. For his or her long-term clients the business has attractive business telephone call packages at the inexpensive rates.