ICT for fostering global best practices in the business environment

It is common knowledge that the use of appropriate Information and Communication Technologies (ICTs) has come to revolutionize the 21 st century business environment, hence becoming a most pertinent metric of global best practice assessment in recent times. This paper traces the origins of ICTs in business practices along a developmental timeline that highlights specifically, the needs for, sources, and status of technologies that have significantly revolutionized business best practices through the years. Evaluations from surveys of industry response and perception are also reviewed as determinants of future direction for best practices in the business environment with a focus on developed and developing economies. The authors are able to further substantiate evidences of the fact that ICT could be a very pertinent benchmark for best practices adoption by various firms in the 21 st Century business environment, as well as a key component for economic growth of the nations.