An increasing importance of telecommunication was discerned since the past three decades of 20th century for the ever-growing effect on productivity. It’s a significant economic factor that plays a vital role in evaluating the economic growth. It has been identified as the foundation for economic prosperity prerequisite for national development in addition to an acute indicator of organizational competitiveness. Not just 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 the people they are alike. But the essential difference between both of these terms is that growth is related to increase in quantity what we curently have, whereas development means both quantitative and qualitative improvement.
Telecommunication is one of the important means for increasing the economic growth and economic development at length telecom recruiters. Telecommunication causes companies to use their input resources as much as possible in a powerful way. There is a sharp controversy on whether or not the investment in IT and telecom provide improvements in productivity and business efficiencies.
Investment on IT and telecom sectors will make poor direct contribution to functionality 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 just 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 are knowingly or unknowingly each one of these factors, with a perseverance that telecommunication can accelerate a 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 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 around 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 into the telecom arena to create this service most cost-effective. For company’s research work on all nitty-gritty telecom aspects the organization is able to provide its clients cheap business calls and unlimited business phone lines facilities. For his or her long-term clients the organization has attractive business telephone call packages at the inexpensive rates.