Effect of e-readers on the publishing industry Assignment

Effect of e-readers on the publishing industry - Assignment Example ed that social exchange theory is taking place on an international level as the humanity has learned the art and science of communicating across cultures and borders. The internationalization of communication and socialization is identified as essence of the notion known as global village (Graham 1998). In recent years, leading technological companies have launched devices that have been blessed with the capability of helping people in accessing and downloading books and other kinds of literature. The old fashion and traditional practice of reading books in a printed format is ending. Major number of publications is being provided to public in an electronic format while the most used format is called Portable Document Format (PDF). The conventional method of providing printing books got very expensive and therefore, the major publishing companies such as McGraw Hill initiated to provide publications in an electronic format. The basic and fundamental purpose of using electronic devices as sources of accessing literature is to drive down the production costs whereas, the end readers are also provided with significant level of cost advantages. In summary, it can be urged and argued that availability and cost of printed information has notably increased and decreased respectively (Pan & Leidner 2003). The current period, the customers and common peoples information has considerably risen and therefore, companies and governments are facing problems in justifying their filthy practices from public. The publishing companies are offering books and research journals in e-format and they provide printed copies on special request only. The supporters of high involvement of technology in knowledge management argue that human mind is well accustomed to understanding materials in print format. They also suggest that human sensory centers are experiencing growing and noticeable level of stress because of focusing on screens. But, these potential disadvantages will subside as