2. Propose method by which IS/IT strategies may be implemented in an organization to overcome challenges as were found from the analysis above.
Strategy How to Implement IS/IT strategies
Accessing business information services all this while have many improved with existence various information technology and communications. In developed countries, developed information and infrastructure communications technology and computer hardware and software, SME enjoys easy access to business information services (Chiware and Dick 2008). Fill can generate market shares that are higher whether by reducing input cost thereby enable firms to produce more products that are same, or by improving product quality or product package, with, the result, additional sales or higher important product (Mellor, 1998; Unctad 2008). Various technologies can have effects economy that differ depending on levels of development one country. Economic performance that is stronger in firms which uses ICT and a lot more so that in firms which use combination of a few contents. Tempahan study to effect fill find out relationship that is positive between content usage and corporate performance (UNCTAD 2009). This paper consider computer usage, Internet, broadband and mobile phone as major catalyst in providing business information for SMI.
Computer usage
Computer is is important prerequisite for information economy (UNCTAD 2008) development. A few studies based on developed country data had inspected labour productivity computer presence effect. In economy that is high income, computer penetration in business sector were usually already reached high-level as 95 percentages. Nevertheless, in firm stock developing countries which uses at least a computer for low busi...
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...are not good enough because as a Manager, they must know how to link from one business model to the internet. To achieve and maintain a strategic advantage, a manager must plan carefully and manage IS they/IT and use it in the right way. In addition, managers must also give good attention on how the IS/IT resources in the organization use and channel to a current strategy is implemented. Then, when their IS/IT strategic, management needs to examine the changes needed as business goals, customer areas, contact suppliers, internal operations, rules and regulations, and more and also their information systems and architecture. In addition, excellent management skills and develop the approach required to increase new business process because of monitor and control their activities and make it suitable for the needs of their customers, suppliers and other stakeholders.
Adapt to externalities. Correct evaluation, however additional analysis is required. 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.
The evolution of Information Technology acted like a thrust in boosting the business. Many organizations invested lot of money to build IT infrastructure and analysis also indicates a rise in the percentage of amount that companies are investing in IT. IT acts as a bridge between companies and the customer’s and also brings together all the branches of an organization. The way IT is viewed has change over the time, earlier executives of an organization believed that computers, typewriters etc are meant for the lower level staff; but the trend has changed completely, managers of an organization emphasize about the value of using information technology to gain an edge over their competitors and are supporting the idea of digitizing business models. Many companies started hiring chief information officers and some of them are relying on strategy consulting firms. IT is viewed as a resource which has the potential to influence the economy.
Two main imperatives for managers are pointed out by Venkatraman and Henderson: First, similar to business strategy, IT strategy has to consider both internal as well as external aspects. Second, both internal/external alignment as well as functional integration must be taken into account. Only one of them is not sufficient.
When faced with the task of creating an IT Strategy, its usefulness may be questioned. Completing one takes time and effort, and requires funding, and it is unlikely to have any immediate benefit. As the name implies, the benefits from a well thought out IT strategy are strategic in nature:
The article establishes a foundation by outlining the role of managers and pointing out the different managerial levels such as operational level to strategic planning. Managers at each level contribute to helping a business achieve its intended goals by working to utilize resources in an effective and productive manner (Budak & Kar, 2014). Having a strategy or being strategic takes precautions and regulations into consideration to further achieve objectives of the organization. Some of the most basic duties of a leader are to help create strategies that will promote the goals of the organization by specifying them in order to help create a vision, being flexible with required tasks and empowering others (Budak & Kar, 2014).
One purpose of this course is to train you to assess an organization’s strategy. Part of your skill development is utilizing knowledge to address the real problems of a business organization. At the same time, technology is increasing your ability to obtain information rapidly from multiple sources. Being able to gather and use such information will become a competitive necessity for anyone in business and management. To prepare you for this, we used information technologies to analyze, discuss, and present business issues throughout the semester.
In this part, I would analyze the process of aligning IT infrastructure and operations with business goal in details. By looking through the caselets and power points that have been given, my opinion is that IT governance plays the most important role to ensure that IT is aligned with the business goals, by implementing effective IT governance, the organizations can gain the maximum value from IT, so that the business goal on IT would be achieved. I would define the background of IT governance and the process of building effective IT governance.
There has been much discussion concerning how information technology may contribute to the development of a competitive advantage. Whilst there are some notable examples, investment in information technology (IT) is often a matter of competitive necessity. The technological advances emerging from the integration of computing, microelectronics and telecommunications are creating significant changes in organisations (Stoner, et al 1994). The information technology revolution of the past 20 years has made information technology an integral part of any core business activity. Information technology management now contributes to all the management functions of planning, organising, leading and controlling and affects competitive strategy and business operations.
One main apprehension that they have against Information System is the high investment cost. In addition to this there is the high maintenance and upgrade costs associated with the deployment of new IT systems. In fact they prefer to outsource the heavy IT department expenditures to other companies having IT as their core activities. In return they expected to receive a full solution pack to meet their requirements and they are ready to pay these IT services as an operating cost. At the same time the risks associated with IS are being shifted to the other
This project gives an insight of the company’s Information technology and information systems, their impact on the market and on the company. It also explains the problem faced by the company before implementation of any of the solutions. And then explains the IT solution adopted by the company. It is followed by the results and consequences of the implementation of the program.
S.O.A. Olaniyon explained in his book “Why strategic planning fails in management”. Managers are inadequately prepared for strategic planning the goals of the organization are too vague to be of value, the business units are not clearly identified and the link between strategic planning and control is
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.
The current business environment is very competitive. Only those companies that will employee efficient strategies will achieve success. Strategic management helps an entity to utilize its resources effectively achieve a cost advantage. A cost advantage plays a key role in ensuring that a company offers competitive product prices in the market. Basis of management comes from earlier thinking and books on strategy that date back to thousands of years ago (Ambrosini and Bowman, 2009). Strategic management refers to a continuous process of analysis, creation and monitoring strategic progress of an entity to ensure sustainability (Helmstetter, Cleveland, Evans and Galloway, 2002). Organizations formulate strategies in order to focus their energy to one direction to achieve superior performance. Ambrosini and Bowman (2009) indicate that strategic management and strategic planning mean the same thing except that the term strategic management is used in academic while strategic planning is used in the industry. According Hopkins, Mallette and Hopkins (2013, strategic management is essential in sustaining competitive advantage. Organizations need to sustain their competitive advantage in order to be ahead of their competitors. According to Ambrosini and Bowman (2009), companies which have competitive advantages, perform better financially than other companies in the industry, and they also perform better than the industry average. Strategic management is also important in viewing the organization as a whole.
Management is not just about making decisions, watching over employees, and bossing others around. Good management result is satisfied customers, who provide better customer service. In order for new managers to be successful they need to be about to have good communication, human skills, and ability to motivate others. The ability to do these skills effectively makes a big difference in a manager and the company’s overall success. Companies depend on managers to fulfill skills and knowledge to help their company excel. The knowledge managers need to possess is technological inclined and globalization. Effective management can enhance a company’s performance by contributing to employees and customer satisfaction, productivity, development (Noe, Hollenbeck, Gerhart, & Wright, 2010).
Advances in technology have changed businesses dramatically, in particular the communication and information technology that are conducted in firms, which changed the appearance and pace of businesses over the past few decades. ICT in particular, has evolved a lot over the past 30 years; important information can be stored in computers rather than being in drawers enabling information to be transferred at a greater volume and speed (Guy, 2009). ICT has also expanded various forms of telecommunications and workload conducted in businesses, internet examples of this include: e-mails can be used to communicate with others...