is point: The Internet is the biggest megatrend in history. It’s fundamentally changing the way companies do business, and it will soon change the way people live. This convergence of personal computing and communications is a trillion business that’s creating incredible synergies, allowing traditional things to be done better and allowing new things that couldn’t be done at all before. Over the next 15 years, the internet will eat traditional communications, entertainment, publishing, client/server computing, commerce and transaction processing research – the list goes on and on .The Internet is becoming the main place to work and to do business for many companies and people, and in the future they will spend their working lives on the Internet, communicating with other people, selling, buying and surfing the markets for new opportunities. Virtual OfficesCompanies have to change their way of working in the next Millenium, in order to compete on the Internet, and the next generation of organizational model will probably be something like virtual offices on the net. Those organizations that choose to ignore the new trend in technology and do not adapt to those changes are bound to find themselves out of business quicklyThe Internet and information technology is fundamentally changing our whole society and it is no longer a case that some companies are IT oriented and others are not. Those who do not join the IT revolution ‘will go to the wall’ – and fast. (Percey Barnevick, chairman of Investor, the largest owner on the Stockholm stock exchange)ConclusionFrom this study, we find that there is substantial evidence of a relationship between increased levels of IT usage and smaller firm size, therefore, our findings are consistent with the hypothesis that IT changes organizational structure and leads to a decline in the average size of firms.In the next century (Millenium) which is just a few ...
