Nobody downloaded yet

Information Technology as a Key to Strategic Management - Case Study Example

Comments (0) Cite this document
Summary
This paper "Information Technology as a Key to Strategic Management" focuses on the fact that over the last few decades, the business organizations seen to be recognizing the fact that the competitive pulls challenging the firms call for a reorientation of the management practices. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.1% of users find it useful
Information Technology as a Key to Strategic Management
Read TextPreview

Extract of sample "Information Technology as a Key to Strategic Management"

Download file to see previous pages Such models not only promise to reduce manufacturing and marketing costs but also appear to be more sensitive to consumer requirements and aspirations. Going by the global scale of contemporary business operations, there exist a very few companies, which have the wherewithal and the ability to singlehandedly create and manage the requisite value chains. Hence, global organizations are making varied changes in their management practices. One such change is the introduction of information-oriented management models and practices that not only are capable of responding promptly and aptly to change, but also allow the companies to optimally and efficiently use their resources and workforce to gain a competitive edge in the international markets (Betz 2001). Such practices enable the global companies to forge symbiotic links with multiple other organizations and concerns, thus allowing for increased levels of efficiency and competitiveness.
The current business scenario is utterly competitive and shifty, thereby making it problematic for companies to secure adaptability and attempt realistic business forecasts. On the one side, the market pressures are nudging the businesses to be innovative and accurately respond to customer requirements by coming out with better products and services, yet on the other side, the existing hierarchical and predominantly manual models of strategic management simply fail to enable the businesses to predict the end results of the business decisions taken in a hurry (Allen 1994). Under such circumstances, information technology stands to be an enabling tool, which to a large extent allows and empowers the strategic managers to extend their vision and creativity beyond the existing shortcomings, barriers and constraints (Allen 1994). The present business environment is about innovation, adaptability, interdependence and collaboration. Therefore, information technology makes way for efficient and accurate management of this adaptability and interdependence.   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Information Technology as a Key to Strategic Management Case Study, n.d.)
Information Technology as a Key to Strategic Management Case Study. Retrieved from https://studentshare.org/information-technology/1744660-foundations-of-scholarship-research
(Information Technology As a Key to Strategic Management Case Study)
Information Technology As a Key to Strategic Management Case Study. https://studentshare.org/information-technology/1744660-foundations-of-scholarship-research.
“Information Technology As a Key to Strategic Management Case Study”, n.d. https://studentshare.org/information-technology/1744660-foundations-of-scholarship-research.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Information Technology as a Key to Strategic Management

Strategic Information Technology Management

...?Strategic Information Technology Management Table of Contents Table of Contents 2 Introduction 3 About Ebay.com 3 Information Communication Technology implementation 4 Internet trends 5 Ebay.com new and old ways of strategic 7 Conclusion and Recommendation 9 Reference 13 Introduction With the invention of technologies and new form of information management techniques global market is constantly changing their business process and operation and there is always a gradual advancement in every sector of the organization. Ebay.com being a technology based...
12 Pages(3000 words)Essay

Information Technology Project Management

...Information Technology Project Management (Summary) Information Technology Project Management (Summary) There are problems that bring about failure in the information systems development. There are problems develops due to issues like the overall referral, and evaluation, and failure of using the acceptable information technology. These issues develop issues such as the organization culture, social, scientific principles, and business transformation principles. The problems that develop through this acknowledges more in issues regarding child protection. The various...
4 Pages(1000 words)Essay

Strategic Information Technology Management

...? Strategic Information Technology Management No: Institute Table of Contents Table of Contents 2 Abstract 3 Introduction 4 Development of the Role of ICT 5 Emerging Digital Economy 7 New Versus Old Ways of Strategic Thinking 7 Old Ways of Strategic Thinking 8 New Ways of Strategic Planning 8 Application of Theory 9 Structured Analysis 10 Creativity of Thought 11 Conclusion 11 Bibliography 12 Abstract In this report, I have discussed the impact of the development of ICT and the role of ICT, along with the role of emerging digital economy, strategic thinking and policy making by managers...
8 Pages(2000 words)Essay

Zara's strategic approach to Information Technology Management

...? Strategic Approach to Information Technology Management Executive Summary Information technology management is the management of an institution’s technology resources in regard to its priorities and needs. These technology resources include computer hardware, data, software, data centers, and the information technology staff. Information technology management not only involves basic functions of management such as staffing and budgeting, but also has aspects like...
8 Pages(2000 words)Essay

Management of information technology

...in its direction and invested in information technology and acquired a core banking solution for its banking operations from a well-renowned software service provider Misys. Management Issues 1. Strategic Planning of Information System Information Systems Strategic Planning (ISSP) refers to the “activities directed toward (1) recognizing organizational opportunities for using information technology, (2) determining the resource requirements to exploit these opportunities, (3) and developing strategies and action plans for...
12 Pages(3000 words)Essay

Information Management and Information Technology

...Information Management and Information Technology: Executive Summary: Information management is an important element of a business organization. Information management improves the efficiency in which an organization collects, and disseminates the data under its possession. An organization that has a proper information management system gains the capability of saving its operational costs, and saving on the time that would have been taken by the staff to peruse through numerous files for purposes of searching for particular information. This paper...
10 Pages(2500 words)Essay

Information technology management

...Information and Technology Management Introduction Modern developments in the business world are being boosted by advancements in information and technology. Successful businesses in modern times seem to rely on information and technology management in order to design and manufacture products that give them a cutting edge in the competitive business environment (Schneidewind, 2006). Overall, the current century has been termed as the information age, where, social, political and economic systems are created and managed though the use of technology and...
16 Pages(4000 words)Essay

Information Technology Strategic Plan

...Information Technology Strategic Plan Introduction to Great Heights Events Planning Company Great Heights Company competes in the event planning industry due to the increased demand for conferences and meetings for corporate and social events. Great Heights seeks to gain better traction with the target customers with the aim of achieving high satisfaction levels and loyalty. Events planning needs are dynamic, and companies are expected to match their operations with prevailing trends in the industry. The management of Great Heights hopes to increase its revenue from $5Million to $20Million per year if it infuses the technology of mobile apps, social media...
9 Pages(2250 words)Term Paper

Information Technology Strategic Plan

...prone to errors with more effective and perfect electronic processes. The security aspects seen in the industries are CCTV cameras and alarm alerts in sensitive areas like financial departments and managers offices and corridors. Furthermore, security officers are also employed to provide security at the gate and within the company during the nights. Information technology roles for starting business venture Information technology constitutes a fundamental and essential part of all organizations in their plans and development. IT plays an important role in both multi-corporations who uphold supercomputer schemes and records and small businesses that...
8 Pages(2000 words)Term Paper

Information Technology as a Key to Strategic Management

...Information Technology as a key to Strategic Management Introduction Strategic management is described as the “the collection of decisions and measures consequential in development as well as establishment of strategies designed to attain the aims and goals of a business”. The procedure of strategic Management systems differs extensively between businesses. Procedures direct to the level of that association, jobs, power as well as good judgment in decision making is placed. It is considered as a significant thought in the research as well as investigation of the...
14 Pages(3500 words)Research Paper
sponsored ads
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.

Let us find you another Case Study on topic Information Technology as a Key to Strategic Management for FREE!

Contact Us