An increasing importance of telecommunication was discerned since the past three decades of 20th century for the ever-growing effect on productivity. It’s an essential economic factor that plays a key role in evaluating the economic growth. It’s been identified as the inspiration for economic prosperity prerequisite for national development in addition to an acute indicator of organizational competitiveness. Not only in economic growth nevertheless the telecommunication has greater effect on socio-economic and overall development as well.
Allow me to do some highlights on it. Post-modern civilization has a tendency to create a confusion making them equal and furthermore confusing individuals they are alike. But the basic difference between both of these terms is that growth is related to upsurge in quantity what we curently have, whereas development means both quantitative and qualitative improvement.
Telecommunication is among the important means for increasing the economic growth and economic development at length telecom recruiters. Telecommunication causes companies to make use of their input resources around possible in a powerful way. There is a huge sharp controversy on whether the investment in IT and telecom provide improvements in productivity and business efficiencies.
Investment on IT and telecom sectors might make poor direct contribution to overall performance of companies until they are coupled with complementary investments in business 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 try hypotheses) – it’s explicit that IT investment not only makes the positive contribution to the output of Telecommunication Company but additionally this contribution is positive after deductions for depreciation and labor expenses.
At today’s era there are plenty of telecom service providers in the global in addition to national market in Australia. They’re knowingly or unknowingly every one of these factors, with a perseverance that telecommunication can accelerate a small business in addition to a strong 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 importance of electronic information for economic, educational and social advancement, highlighting how critical universal use of communications has become. For over 40 million people was awaiting a telephone line worldwide. Where least developed countries have telecommunication penetration levels up to 200 times below that of developed countries.
Keeping pace with complementary investments in business activities, company restructuring, and human capital and to generally 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 with all nitty-gritty telecom aspects the business can provide its clients cheap business calls and unlimited business phone lines facilities. Because of their long-term clients the business has attractive business call packages at the very cheap rates.