We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

IT for Creating Value - Essay Example

Comments (0)
Summary
IT FOR CREATING VALUE IT for Creating Value Author Author Affiliation Date Paper 1 Introduction In current rapidly growing competitive business environment, corporations progressively demand that IT investments return business value in form of quantifiable results…
Download full paper
GRAB THE BEST PAPER

Extract of sample
IT for Creating Value

Download file to see previous pages... This paper shows how information technology plays an important role in creating business value. Competitive advantage through innovation At the present, organizations could be able to get a competitive advantage by renovating their business processes through information technology based arrangements. In fact, the new technology based systems are more effective and accurate for the management of business issues and aspects. In addition, the information technology based system offer an excellent support for effective business processing and operational management. Moreover, the innovation brought by new technology based systems offers superior competitive edge to businesses. In this scenario, businesses are able to market, sell, and take decision by means of these IT based systems (Ramkrishnan R, 2004). Financial Value In more formal words, a primary description of the concept of value could be that each economic actor desires to increase their business profits. Thus, in this scenario, the value is recognized as financial worth, could be built by increasing profits. Consequently increasing the business value through information technology based could be determined by augmenting the business earnings. In addition, increasing the business investment in information technology offers an excellent support to the business as a result it increases business value and performance. Moreover, the use of information technology allows the organizations to reduce overall corporate manual processing operations that also leads to better performance (Stahl, 2002). Enhancing Business Value The new technology based systems also offer an excellent support for business decision making. These decisions are foundational upon the values and decisions about the IT are no immunity to this rule. Though, the most important and valuable thing in company is money or economic value. However, yet in business decisions a lot of values apart from money perform a vital role and indeed yet financial value could typically be assessed to have a moral side to it. The same can be stated for IT. In addition, the design and use of information technology are extremely reliant upon on fundamental value that could be of an economic or moral or some other nature. It is able to be stated that the diverse values are exchangeable to a confident degree. Moreover, the complexity about the decisions foundational on values comes into view when there are numerous values that have to be recognized however these values do not provide similar results that is when values approach in conflict. In this scenario, one usual reason of clash happens between financial and moral values. Though, it is not seen that moral and financial values conflict unequivocally. Typically these issues could be stated as conflicts between moral or between financial values also (Prasad, 2008). References Prasad, A. (2008). Information Technology and Business Value in Developing Economics: A Study of Intangible Benefits of Information Technology Investments in Fiji. The Electronic Journal of Information Systems in Developing Countries, Volume 34 Issue 2, pp. 1-11. Ramkrishnan R, S. (2004). Information Technology: Value Creator or Commodity? Retrieved October 27, 2011, from http://knowledge.wharton.upenn.edu/article.cfm?articleid=948 Stahl, B. C. (2002). The Moral and Business Value of Information Technology. Retrieved October 26, 2011, from http://www.cse.dmu.ac.uk/~bstahl/publications/2002_Moral_and_Business_Value.pdf Sward, D. (2011). ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Creating Added Value for the Customer
From the research it can be concluded that Sony is trying to position PlayStation as an all round entertainment experience and is trying to attract teens, early adaptors and movie buffs. Their promotional strategy is the main branding strength and addressing the recent security glitches is of prime importance to save that brand image.
11 Pages(2750 words)Essay
How can the Internet and related technologies assist organisations with creating customer value through personalisation and mass
E-marketing refers to the concept of selling the products online or making the customers aware of the products and services of a company using internet technologies. E-marketing is the sum of online activities which a company takes in order to find, attract, win, and retaining customers (Otlacan 2005).
8 Pages(2000 words)Essay
Mergers and Acquisitions as a Strategic Mean of Creating Value and Maximizing Shareholder Wealth
As a part of corporate and management strategy; organisations tend to find alternatives creating more value by maximising shareholder wealth (King, Slotegraaf, Kesner, 2008 pp 24-45). The discussion aims at underpinning and analysing the role of mergers and acquisitions as a strategic mean of creating value and maximising shareholder wealth in comparison to the alternative organic growth.
12 Pages(3000 words)Essay
The Extent To Which Creating Value To Customers And To The Firm Are An Intrinsic Part Of Marketing Today
Creating organization and customer value is one of the fundamental objectives of marketing, in the contemporary society. Many companies incorporate customer and organization experience management by in their vision or mission statements. The strategy of the company of designing superior products is based upon value creation, so these statements will be discussed here.
9 Pages(2250 words)Essay
Creating value or Customer loyalty
Customers and suppliers are important stakeholders. “Stakeholders are those individual or groups who depend on the organisation to fulfill their own goals and on whom, in turn, the organisation depends” (JSW: 2005:179). Creating shareholders wealth
12 Pages(3000 words)Essay
An electronic marketing essay about How can the Internet and related technologies assist organisations with creating customer value through personalisation and mass customisation
The contributions of e-marketing strategies and organizations in developing and stabilizing many businesses is obvious with the development in the marketing concepts as well as recent researches which are not proving that co-branding,
8 Pages(2000 words)Essay
Creating shared value (article summary)
In this regard, creating shared value is ensuring that a company’s policy and practices played an instrumental role in advancing the economic and social conditions of the
1 Pages(250 words)Essay
Creating Shared Value
Moreover, capitalism can be perceived as an unparalleled means for satisfying human needs, enhancing efficiency, generating wealth and employment. However, it has also hindered the process of harnessing the potentiality of a business in order to meet the challenges
2 Pages(500 words)Essay
Creating customer value
89). Being able to open an account online in just five minutes makes the account user friendly. Customers can have their debit cards, personalized at no cost. This implies that customers
1 Pages(250 words)Term Paper
Creating Shared Value Project
In spite of numerous efforts, the nutrition problems of the society continue to rise. Therefore, it is clear that the current methods of food production and consumption may not be sustainable. Thus, numerous individuals have suffered from nutritional and
4 Pages(1000 words)Essay
Let us find you another Essay on topic IT for Creating Value for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us