Information Technology and Business Alignment at the World Bank - Term Paper Example

Most businesses fail in alignment due to their ignorance of the roles of the information technology experts and business experts.... These are normally aimed at adding value to their product before any other player in the business field adapts to the new technology and that which increases production or sales volume....   The role of managers is clearly stated in the alignment process, citing various articles from journals on information technology....

This paper "information technology in Business" presents information technology systems which control how financial institutions can compete in today's global business environment.... The information technology structure becomes a key point to consider.... Another consideration Allianz had to consider each and every time they merged with or acquired another company was: “given the existing state of the IT infrastructure and its alignment with the overall business goals, which merger objectives and integration strategies can realistically be pursued?...

hellip; To cope with the changing scenario, business organisations through out the world are deeply involved on constant research, development and innovation.... Also, he has the credit of varied publications in these fields and is often referred as executive mentor and coach (Howe School of technology and Management, No Date).... With the improvement in communication and information technology in modern times, the business organisations and firms have thought of integrating their business processes....

The paper "Globalization Role the in the Development of the world Economy" states globalization made economies more functional and organized, accelerated the firms' growth and human standards of living.... Globalization will most certainly bring in bright changes in the world and make it more powerful in the near future.... Globalization has become an inevitable part of the world economy.... This can be stated from trades that take place between various countries in different parts of the world....

and business Benefit Contracting (vendors contribution to the client's business – like closing deals).... hellip; In the competitive world, it is critical for organizations to focus on their core competencies to improve the competitive advantages thus justifying of outsourcing the lesser critical tasks to ensure that they are carried out by more experienced people.... nbsp; Dibbern & Goles (2004) present four types of outsourcing arrangements – General (comprising of selective & value-added outsourcing), Transitional (technology migrations), business Process Outsourcing (hotlines, helpdesk, call centres, document/record processing, etc....

This is quite visible in pan-national organizations like the world bank.... When it comes to low-income countries, the world bank gives them interest-free loans and importantly gives them around 35-40 years to repay the loans, with a 10 year grace period as well.... Under the aegis of the world bank, there are many specialized agencies focusing on specific aspects of developmental assistance like IBRD, IDA, etc.... Apart from developmental assistance, the world bank's 'radar' covered many social problems like the AIDS problem....

Through these initiatives, the world bank has become a significant partner with member countries, to eradicate poverty, by helping people to help themselves.... When it comes to low-income countries, the world bank gives them interest-free loans and importantly gives them around 35-40 years to repay the loans, with a 10 year grace period as well.... Under the aegis of the world bank, there are many specialized agencies focusing on specific aspects of developmental assistance like IBRD, IDA, etc....

When it comes to low-income countries, the world bank gives them interest-free loans and importantly gives them around 35-40 years to repay the loans, with a 10 year grace period as well.... Under the aegis of the world bank, there are many specialized agencies focusing on specific aspects of developmental assistance like IBRD, IDA, etc.... So, with this much functionality from the perspective of finances, the world bank has to have a sound, foolproof and efficient operations management, to avoid any problems....