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

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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. …
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Information Technology as a Key to Strategic Management
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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
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