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com/ndubestdesigns (1) ROLES OF INFORMATION TECHNOLOGY AND SOCIAL MEDIA IN THE AFRICAN LUXURY RETAILSECTOR Information technology offers new ways of exchanging information, and transacting business, changes the nature of the financial and other service sectors and provides efficient means of using the human and institutional capabilities of African luxury retail sector in both the public and private sectors. That is to say, any African luxury retail sector that invest in and adopt information technology quickly will move ahead and those that fail to rapidly adopt information technology will be left behind because information technology is one of the key determinants of competitiveness and growth of retail sectors. Below are their roles: (2) Integrating Africa into the global trade and finance; Effective macroeconomic and public sector management; Promoting private enterprise development; Achieving agricultural development and food security; Ensuring Environmental Protection; and Promoting Human capital development. 5 LESSONS THAT CAN BE LEARNT FROM THE DOT COM BUST OF THE 1990S

Listed below are the 5 lessons: 1. Know how investors identify the clueless: That is to say, if you are investing in the stock market for the long term, dont invest when prices are overvalued and fundamentals are poor. The combinations of these two problems are practically begging for an eventual stock market crash if things dont turn around. 2. Avoid the trap of failing big: It should also be noted, if trading/short-term investing is your thing, then get your profit and get out. Dont get caught up in how much higher your stocks can go, just sell them when you believe its time to get out. 3. Learn how to profit from a failure: That is to say, Scient might have been one of the biggest bombs of its time, but its founder, Eric Greenberg earned $250 million from the business because he sold his shares before the company went bankrupt. Meanwhile, some of Scients employees held on to their shares as the company sank into bankruptcy. As important is it is to know when to start a company, it can be even more important to know when to get out of it.

4. Know that you get many chances: This implies that, the venture business is forgiving. Even if you make mistakes and your company goes bankrupt, you can get another chance. In many cases, the same investors who lost money on a startup, will give the founder another chance and reinvest in her next business. 5. Realize that nobody knows if your idea will succeed: That is to say, when Prof Kirschs students told him about an idea for a t-shirt company, he thought it was silly. 6 months later, he saw a similar t-shirt company that someone else launched and realized it was kind of cool. If a professor whos studied more startups than almost anyone living cant predict which ideas will succeed, then, as an entrepreneur, you cant let anyone tell you that your idea will fail. (3) 5 MECHANISMS/FACTORS THAT CAN PROVIDE COMMERCIAL SURVIVAL IN THE NIGERIAN/AFRICAN E- COMMERCE SECTOR The five (5) factors are as follows: 1. INFORMATION AND COMMUNICATION TECHNOLOGIES (ICTS) ICTs are electronic technologies for creating, acquiring, storing, processing, communicating and using information. ICTs have the capabilities of providing the springboard for actualizing developmental goals in areas such as education, health, global recognition and partnership, agriculture, business and commerce, mass enlightenment lot of others. Development is a necessary phenomenon for African countries to survive in any environment. This development in its part is determined and influenced by the level of Information and Communication Technologies (ICTs) In fact, for the mere fact that the introduction of ICTs in most areas of human endeavours all over the world is usually followed with improved and increased success is a proof that ICTs are very significant and useful for sustainable development. Nigerians will not be quick to forget the transformation brought about by mobile communication in 2001. 2. GLOBAL RECOGNITION AND PARTNERSHIP Nigeria/Africa needs to be recognized globally and also requires partnership with other continents globally. 3. Agriculture Development and Food Security In Nigeria and Indonesia, for instance, pilot applications of information technology have made it easier to conduct agricultural surveys, analyze survey data, and use such surveys for developing agricultural research databases and designing agricultural development projects.

African economies continue to be heavily dependent on agricultural production and the export of natural resources. The widespread adoption of information technology holds considerable promise for African countries in their quest to improve their agricultural production and marketing practices. It provides opportunities for the development of information systems to monitor water and land resources, food transportation and storage and crop-diseases control. Video and radio-conferences between buyers and sellers, growers and extension officers, can also play important roles in stimulating internal and external trade and improving agricultural practices and productivity. Investing information technology opens up avenues to access and disseminate such information more quickly and extensively. 4. Environmental Management Environmental management in Africa requires timely and accurate data on socio-economic and demographic trends, weather patterns and natural disasters, and the availability and use of both renewable and non-renewable resources. It is also dependent on the analysis of this information and the ability to share the information among policy makers across the region. Information on natural resources could be linked to data on socio-economic and demographic dynamics to achieve better management and overall resource planning. That is to say, Information technology holds great potential for developing access to areas threatened by disasters and environmental degradation. 5. Human Capital Development Human capital development is seen both as an essential means for sustained economic growth and poverty reduction and as an important end in itself. Human capital matters because the poor's most significant asset is their labor, and the most effective way to improve their welfare is to increase their employment opportunities and the productivity of their labor through investment in education, and health. (5) MY OBJECTIVES AND CONTRIBUTIONS OF WORKING WITH IT COMPANY IN NIGERIA I have the passion of working with an IT company because I have worked with some organization such as: a computer institute, computer business centre, cyber caf and also, successfully trained students in various computer programs. So, it is my profession and specialization of working with an IT company to contribute to the companies continued success. My objectives are listed below: To increase companies revenue

To obtain a position as Website Administrator/Blogger involved with new product development and site maintenance. Manage a targeted corporate web presence dedicated to supporting clients, marketing products, increasing sales, and expanding services. Collaborate with other professional staffs or corporate body in the company that will maintain the standard of the company. To provide good customer relationship. Creating design techniques in designing all graphics and writing content layout for different customer/clients.

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