Information Systems Strategy

Masters
Essay
Business
Pages 11 (2761 words)
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A strategy in general is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage for the firm. A Business Strategy on the other hand is "an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in specific product markets"

Introduction

As the overall definition of strategy goes strategy is the direction and scope of an organisation with a long-term perspective that aims at putting the organization in an advantageous position by reorganizing its own resources to meet the challenging business environments. In the process, strategy tries to match the requirements of the market and to meet the demands of the stakeholders of the firm. Strategies do exist at different levels of the organization. Some strategies are formed at corporate level and few others are formed at the business levels. The overall strategies when broken down take the form of operational strategies. It is also imperative for any organization to have its systems regarding the collection and dissemination of information in place so that the top management of the firm is supplied with valid inputs for making effective managerial decisions affecting the business of the firm. A proper alignment of the business strategies and the information system strategies will enable the firm to plan its resources more effectively to accelerate the growth of its business. ...
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