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Information Technology of Union Group of Companies - Case Study Example

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The subject of this study is Union Group of Companies, the holding company of seven subsequent business ventures. The group has a business interest in port management, repair of ships, management of logistics, real estate and tours and travels among others…
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Information Technology of Union Group of Companies
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Download file to see previous pages In the competitive world of today, information technology is increasingly proving itself indispensable to the success of business organizations across the globe. As the competition is increasing in almost every sector throughout the world with the induction of the multinational companies, the companies are gradually laying more stress on fast communication with the end users and the stakeholders. And to increase the speed of communication, information technology has been instrumental. Also to enhance the efficiency level in the day to day operations of the business, the role of information technology cannot be undermined. IT, as information technology is known as in the business framework, is also crucial for the purpose of decision making at the strategic level.   The major initiative of the Union Group of Companies is discussed in the paper. The group of companies was established by H. H. Shaikh. Tariq Al Qassimi in the year of 1985. The company wished to be the vibrant participant in the fields in which they participated and not just passive depositor. The Union Group of Companies, headquartered at Ras Alkhaimah of United Arab Emirates, sincerely hope to leverage out their diversified business interest which would, in turn, help the subsidiary companies to cross the limit of expectations. The group also expects that its companies would lead the respective industries. The declared mission of the company is to create value for its stakeholders (i.e. the investors, the executives, the employees, the customers, and the suppliers). The present holding company was shaped in the year 1995 as a consequence of the process of restructuring and consolidation. The Union Group of Companies believes in constant innovation and is always open to the professionals having expertise in brainstorming and resources like finance. Yasmin Village, the major contributor of the Union Group of Companies, describes itself as the blending of rural charm with the urban sophistication. Yasmin Village is a premier housing initiative by the group. It is developed on the land of Bina Real Estate, another subsidiary company of Union Group of Companies. Also, it is developed by Bina Real Estate. ...Download file to see next pagesRead More
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