International Business Machines is one of the oldest technology companies in the world. It foundations go back as far as 1880 and it’s goals have nearly always been associated with creating better more efficient ways for businesses to run.
IBM builds hardware and software in large and small scale and supports thousands of its offerings internationally.
IT has been the source of innovation and practice and often applies its own business practices to its development of new innovation.
IBM is the largest information technology company in the world, the world’s largest business and technology services company, the world’s largest consulting services organization, the world’s largest information technology research organization, and the world’s largest financier of information technology.
IBM is an innovation-based business serving the needs of enterprises and institutions worldwide.
As the largest corporation of its kind, with both national and international divisions is account management policies are frequently used as a model for the development of innovation for other businesses.
It is for this reason that the most fluid understanding of the account management policies of this organization come from its development of new and innovative ways in which to manage the accounts of others, through it software and hardware mix.
The newest innovation in account management comes from the development of systems that create real time automated accounting.
To see an example of how IBM has developed its own accounting, with the understanding that different locations and divisions manage accounting independently and then collectively according to policy one must look at a description of innovation technology.
IBM was producing up to 90% of all computers in the United States (Yost 113). The architecture of IBM PC became the de facto standard for the whole industry, and its openness greatly contributed to the huge success of IBM PC and mass production of PC-compatible clones by other companies, and, ultimately, to the unfolding of personal computers and computer revolution era.
Until now, IBM-compatible computers still make about 90% of all the personal computers produced (Yost 171). However, contrary to its tough principles of intellectual property protection, IBM patented neither DOS (with BASIC language interpreter), nor another revolutionary invention BIOS (Lloyd and Heller 6).
In addition, the principle of open architecture provided IBM PC with a tremendous success, but at the same time, deprived IBM of any opportunities to enjoy the fruits of this success alone, as soon as any company thus obtained a chance to produce its own computers with similar architecture.
Eventually, in several years the market was filled with competitors who were able to sell their computers much cheaper (sometimes, by 2-3 times), and implement technological advances faster than IBM.
Thus, due to its narrow-minded decision, already by 1986, IBM yielded its leading position in sales at the market of personal computers it factually created .