A company that has fallen behind the competition with other companies in their services, that state is known as competitive disadvantage.It has emerged as a factor because business which can’t stay constant and frequently change their state on the cutting edge of IT can drop down in the competition, given the current fast pace of technological advances. It is a main factor because most of the organizations have an IT system in the present time. Therefore all the organizations need to improve their IT systems to avoid the drop down when compared with different organizations. Organizations finance in information security for a lot of reasons, from a business perspective, any organization is inspired to ensure or be secure against aggressive burden.
Few of these can be surmounted without disproportionate difficulty, whereas others may be so imposing that they preclude launching a campaign. Here we are considering few requirements for an organization to survive in this competitiveness. Patents that provide some protection for new products or processes. High start-up costs where in most cases, this kind of barrier is the most horrifying one for small businesses. Knowledge, that is, Lack of technical, marketing manufacturing or engineering expertise can all be a significant obstacle to successful market entry. Market saturation is a reality that it is more difficult to carve out a niche in a crowded market than it is to establish a presence in a market marked by relatively light competition. These days, risk management is a necessity for companies or organizations. Here it means that private companies without a sound risk management process in place could wind up at a competitive disadvantage. Now when we consider an organization, the general manager determines the risks from the information security threats which are created will affect the competitive disadvantages; it empowers the information technology and security communities of interest to control the risks. To control the risks, we need to consider four strategies they are avoidance/prevention, transference, mitigation and
The IT department needs to collaborate with the business to better understand how organization changes impact applications and systems. Moreover, IT needs to strengthen the IT-business alignment to stay abreast of future changes. One methodology that may assist here is business architecture, a blueprint of the business that supports aligning strategic objectives and tactical demands. 7. There are limits to customer-centric responsiveness.
The background of the project is that Flayton Electronics faced an eminent problem when it is discovered that there might be a possible breach in their security and the privileged customer information has been compromised. A bank informed the firm that credit card information of the several customers had been leaked and there have been possible fraudulent transactions taken place. The CEO of the firm, Bret Flayton is faced with the challenge of making a tough decision and deciding what to do next. The firm is exposed to various risks and needs to develop a risk management plan in order to manage and mitigate the potential risks that threaten the firm.
Information Technology (IT) is a foundation for conducting business today. It plays a critical role in increasing productivity of firms and entire nation. It is proven that firms who invested in IT have experienced continued growth in productivity and efficiency. Many companies' survival and even existence without use of IT is unimaginable. IT has become the largest component of capital investment for companies in the United States and many other countries.
IBM is one of the most effective and popular computer in the industry. The reason the threat of entrant is low because the rate is enormously high for software services, products, and industrial R&D (Murdick, 2001). The threat of entrant in industry came out to be low for the above reasons that I explained. For example, IBM companies is very popular and expensive compared to other computer companies. Their prices are flexible and less than IBM prices. Thus, the way IBM is set up is very large firm and ranked the highest amongst all other computer industries. In general, the threat of entrant is low due to the co...
Threats of new entrants: In order for competitors hurting your business you must create a defense barrier, establish customer loyalty, protecting your work (copyright, patent), creating branding (logo), and choosing a great location, up-to-date with technology, and have unique products
Principle of Security Management by Brian R. Johnson, Published by Prentice-Hall copyright 2005 by Pearson Education, Inc.
The assignment research objectives were (a) to gain insight into securing strategic partnerships in the information technology (IT) arena; (b) to understand the choices made to reduce information and security risks by exploring the different outsourcing techniques, and; (c) to understand how business process associated with outsourcing will stimulate awareness on how the process is interlinked with human behaviors. The topics covered include an evaluation of the specifications of information security consultants to become strategic partners assisting in the reduction of information or security risks, an examination of four factors that were omitted in the specifications that add value to the selection process, and an explanation of the value of the four factors.
Currently, businesses want to use the information effectively for competitive advantage to make better decisions that improve and optimize business processes, predict the market dynamics accurately, optimize forecasts to adequately maintain resources to name a few reasons.
Zhao, J. J., & Zhao, S. Y. a. The adage of the adage of the adage of the adage of the adage of the adage of the Retail e-commerce security status among Fortune 500 corporations.
Information security refers to “the process and methodologies that are designed and implemented to protect print, electronic, or any other form of confidential, private and sensitive information or data from unauthorized access, use, misuse, disclosure, destruction, modification, or disruption” (SANS Institute, n.d.). Information security programs are important in maintaining confidentiality, integrity, and availability (figure 1 page X). For example, a Trojan horse was planted on your system and result in the loss of customers’ personal and financial information. This failure to protect data will result in a loss, legal liability, and goodwill. In this scenario, both confidentiality and
ICT has revolutionized the world especially in commerce, education and socialization. It has reduced the world into a small global village. This has been facilitated by the greatest innovation in the information and communication technology (ICT): the internet. Since its innovation, there have been many benefits and opportunities that have been realized from different quotas including; education sector, business sector, health sector, communication sector and transport sector among others. Many organizations in these and other sectors have in one way or another adopted the use of the internet so as to enhance their services, processes and products. In addition, the use of ICT has become one of the factors that add to competitive advantage and thus every other organization wants to gain this competitive edge against other organizations: including Kingdom of Saudi Arabia.
Recently, the Internet has become the most significant technology in all over the world, which is not only used by the people to contact with each other but also utilized by the business organizations to become global (Taylor, Caeti, Loper, Fritsch & Liederbach, 2006). Computer and internet enable the business organizations to execute the Electronic commerce business model, which has become very popular. Computers and Internet are a powerful source in the success of globalization and international business. Computers are being used worldwide and due to this, cyber crimes are increasing continuously with a rapid growth (Cheeseman, 2006).
Enterprises are embracing technology in the way they do business and also as a catalyst to create something new, which leads to new markets, new products, and new areas of growth and revenues. Along with the advantages of technologies we are equally faced with challenges and vulnerabilities.
After identifying the risk, next step is to decide how to handle those risk. There are four main strategies that can help to decide what to do with the
Technology has changed modern society drastically, both positively and negatively. Technology has influenced every aspect of our life, making it simpler but not necessarily better. Albert Einstein was concerned about the advancement of technology. "I fear the day that technology will surpass our human interaction."1 Undoubtedly, what has changed the most are communication, the spread of information, and how business is practiced. Consequently, practically everyone knows how to use a computer, connect to the Internet, or use a smartphone. This is demonstrated by the way the Internet is used daily by millions of people to communicate, to sell, advertise, retrieve, and share information. Thanks to the Internet, information from anywhere in the world is at our fingertips. As a result, the advancement of technology has changed our life in many ways including; sharing of information, communication, business, education, social interaction, simplifying everyday tasks, replacing basic skills and jobs.