The Information Systems (IS) can be considered as an example of such sector. In fact, it seems that the interaction between IS strategy and business strategy is quite close. This means that the success of business strategy is highly depended on the effectiveness of IS strategy and vice versa. On the other hand, the intervention of IS strategy on business strategy is not standardized, as of its level; rather differences can be identified across businesses in different industries.
The relationship between the IS strategy and the business strategy is explored in this paper by referring to a particular organization. The firm operates in the financial services industry; it is implied that the dependency of the firm on IS systems is strong. During the last 3 years the firm has managed to achieve a rapid growth, a fact that has been related to the effectiveness of its IS. However, failures, at operational level, have not been avoided, a problem that could affect the business performance in the long term. The presentation and analysis of the firm’s IS strategy and business strategy could help to realize the role of these strategies in the achievement of competitive advantage and the criteria that a successful investment on IS systems should meet. At the next level, recommendations are made for developing a risk management strategy so that the chances for severe organizational failures in the future are minimized.
Within each organization IS can have a different role. For example, there are IS systems that are developed for addressing specific business problems (Oz 2008). There are also IS systems that are introduced only for ‘creating opportunities’ (Oz 2008, p.42). These opportunities aim to help an organization to increase its competitiveness in its industry, either at local or international level (Oz 2008). The above IS systems are also known as ‘strategic information systems, SIS’ (Oz 2008, p.42). These IS systems are of critical importance for business
The evaluation of organizational performance is critical in order to understand the status of various organizational sectors and to identify issues that should be addressed with no delay. Such evaluation needs to be developed periodically so that the effectiveness of existing…
This report outlines some of the major aspects and areas regarding ICT issues at the corporate. This report will try to assess some of the key issues regarding technology application and underlying technology issues those can hinder in the overall performance of Ready Rural Business.
n Strategic management is the art of planning business processes at the maximum possible level. However, it depends upon the experience and skills of the managers, how successfully they implement strategic management. Normally, strategic management focuses on creating an effective underlying framework to business processes that will subsequently be fleshed out through the joint efforts of every workers a company employs (AllBusiness, 2011).
This has given birth to the concept of aligning the business goals with technology layouts in most firms today. Information systems have provided a decision making infrastructure for global businesses in the midst of a digital economy whereby communication is dependent on the internet, mobile and fiber optics cable.
This can be greatly attributed to the development of information systems. Information systems consist of hardware and software systems that support data applications for business enterprises. Different models, programming languages and algorithms are used in development of information systems.
It can be used to not only manage information, but to perform other complex operations, battle in the ever changing marketplace, provide services and even enhance one's private lives.
Computerized systems can perform a complicated task in the blink of an eye.
The author states that computer systems have provided businesses today with an opportunity to maximize on their time, resources and human labor through introduction of programs like the ERP. Through adoption and formulation of ERP programs, a company will be able to produce more and management its work force more effectively.
15 pages (3750 words)Essay
Hire a pro to write a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Apply my DISCOUNT
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you an essay for FREE
Contact us via Live Chat, call us at +16312120006or send an email to email@example.com