Using It for Strategic Advantage

Using IT for strategic Advantage Objectives: At the end of the chapter you should be fitting to: Identify the richness of IT. Identify the process and concepts of engine room strategy. Introduction. Implementing a full IT strategy can devote advantages to a organisation. The judgment of conviction to take the systems apart, the warranties challenges and the cost of keeping march on parts on hand and rebuilding the machine, when included in the total cost, call for it was far less luxurious to standardise on angiotensin-converting enzyme vendor and buy those PCs than to build them. The most coarse strategies for considerate and accepting IT investments include the competitive cost of doing course disagreement, followed right a expressionand not surprisingly, given the previously state position by the attachment of technology to a process. at that place is nothing misuse with either advance, but neither helps IT managers bond costs to a business result i n a concrete way. info technology becomes a strategic addition when it makes the entire industry accommodative and ready for change by connecting people, process, and information to drive results. How an organization process the results of its technology investments is important, because the unremitting improvement of any function requires a clear way to measure performance against goals.

The strategic importance of IT, therefore, becomes clearer when executives move outside from Industrial Age metrics and toward a more holistic assessment of return on knowledge. 12 Importance of IT In fact, better measur ement of the return on IT investments can ! retain strong overall financial returns. Companies that excel at managing the comport by of their IT investments outpace their peers in overall financial performance, check to research by The Hackett Group. Essentially, Hackett says, companies that better manage the business range of ITincluding governance, portfolio management, and other IT management tacticshave 49 pct higher net profitability than their...If you penury to get a full essay, order it on our website: OrderCustomPaper.com

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