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Risk Assessment - Case Study Example

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Summary
This case study "Fast Distribution Inc: IT Department" presents serious challenges basing on the current political climate within the firm. This analysis sprouts out possible changes that improve the efficiency of the IT department and also at the same time cutting down on operational costs…
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Risk Assessment
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Download file to see previous pages From the analysis, it is possible to achieve IT efficiency without the need of outsourcing the whole IT department to an external service integrator.
Fast Distribution Inc. (FDI) deals in warehousing, transportation, staging, and also wholesaler-VAR relationships for their customers. FDI’s services are distributed in North America and covered countries include Canada, Mexico, and the United States. FDI has recorded improved growth in both profits, market share, and customer base. Current growth has enabled FDI to be listed in the NYSE and also mentioned in the FORTUNE magazine. The company’s incumbent CEO Jamie Pierce wants to outsource the whole IT department based on her business plan that she claims cuts on cost.
Knowledge is one of the vital organizational assets that set an organization on a new level. The ability to possess knowledge about the needs and desires of clients is necessary for a firm. (Rebitzer & Taylor, 2007, p. 204). As a fundamental asset, knowledge enables managers to determine the market strategies in an application so as to attract customers and also ‘read’ their minds. With knowledge, FDI has attained a good market share over the years. Knowledge has enabled FDI to identify market needs and trends. It is also possible to arrest the concurrent challenges affecting FDI’s market share and profits in general.
Policies are also an asset to the success of an organization. Formulation and subsequent implementation of policies yield up to the growth of a firm. Focused, achievable, and practical policies are required in a firm. FDI has implemented past policies of improving technology in the firm which has set it at a better place in recent years.
Technologies are changing fast nowadays and it is important that firms adapt quickly to technological trends. The establishment of remote facilities that link up with data centers in the firm enables easy communication and efficiency in service delivery. Current technologies have enabled FDI to adapt to the business world and also improve sales. ...Download file to see next pagesRead More
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