The Economic Effects of Information Sharing on the Enterprise’s Achievement in Industrial Sustained Success

Abstract

The economic importance of sharing information and its roles within an established enterprise are stems from its guides of every decision that an enterprise or expects to make, or already taken. Therefore, information is guided the management in taking the decision-making process or problem-solving, and with this right information, enterprise are avoiding making mistakes in these key processes. In this research the researcher introduced the concept of information sharing between enterprises in a particular industry of the economy for an expecting success. The aim of this research is to shed light on information sharing importance as an essential component of keeping the enterprise’s  knowledge dynamics, and  also, the enterprise’s barriers for implementation such concept in the economic environment. This study was accomplished through questionnaires that surveyed (51) enterprise’s owners/CEOs that are located in the capital Baghdad. Mathematical methods/Equations were used. Findings revealed that barriers for information sharing are: Employees' commitment, Employees' understanding organizational goals, Employee’s trust in their organizations and, and Owner’s education. The main conclusions are sharing information between enterprises in the industries is crucial and affecting employees commitments, their trust and understanding organizational goals.