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 engineering science 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 and 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 ballpark strategies for considerate and accepting IT investments include the competitive cost of doing parentage disagreement, followed right a portand not surprisingly, given the previously tell position by the attachment of technology to a process. in that location is nothing misuse with either advance, but neither helps IT managers relate costs to a business re sult in a concrete way. info technology becomes a strategic asset 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 ceaseless improvement of any function requires a clear way to measure performance against goals.

The strategic importance of IT, therefore, becomes clearer when executives move out from Industrial Age metrics and toward a more holistic assessment of return on knowledge. 12 Importance of IT In fact, better measurement of the return on IT investments can bind strong overall financial re turns. Companies that excel at managing the! assume by of their IT investments outpace their peers in overall financial performance, jibe to research by The Hackett Group. Essentially, Hackett says, companies that better manage the business measure out of ITincluding governance, portfolio management, and other IT management tacticshave 49 per centum higher net profitability than their...If you penury to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: How it works.