There are many advantages of aligning business and IT strategies. For most companies aligning the business and IT a strategy are both a necessity and gives a competitive advantage. Alignment can exist if the directional aspects of IT strategy are driven by the business strategy. If a company neglects to align business and IT strategies it can result in a significant setback for the company in reference to the capabilities it needs to compete. Two examples of IT strategy principles are IT solution will be based on technology standards, and will be implemented with regards for financial worth, risk and strategic alignment. Companies can achieve benefits with effective use of technology these can include: reduce cost, consistent procedures, improved productivity, better risk control systems, execution of new company policies and procedures, growth, and sales. The success alignment between IT and the business strategy is based on knowledge of the company, effective communication, and cooperation all through the business. A major advantage of aligning IT with business strategy can be obtained from having vigorous, but flexible, technology all over the company, while maintaining a smart business strategy.…
Strategy acts as a means of achieving a strategic goal through the utilization of internal resources within a business. In accordance to the generic business model, the basis of a profit-making businesses goal involves the ability to produce revenue that exceeds the expenses. Therefore, the use of business strategy is imperative if a sustainable competitive advantage is to be achieved, and profit maximized.…
The organizational information system is related to company strategy because it exists to help organizations achieve their goals and objectives, it is also determined by it competitive strategy (structure, features and functions). Strategy affects the information system because there are information services resources that apply to a strategic business opportunity in such way the computer systems have an impact on the organizations products and business operations.…
Applegate, L. M., Austin, R. D., & Soule, D. L. (2009). Corporate information strategy and management: Text and cases. Boston: McGraw-Hill Irwin.…
Business alignment with Information Technology strategies is important when building stronger, more innovative, and competitive organizations (Naze, 2002). Information technology is a crucial member of a corporate structure, and business strategies are more dependent on information technology today than they have ever been in the past. Corporate leadership and technology management teams can establish relationships that combine the business end of the business with the technology layer. Establishing relationships can enable informed decisions that support the general goals of the business while providing information technology services that support business operations.…
Business strategy is the scope and direction that an organization takes so as to achieve its aims and objectives and gain competitive advantage in the market (Schuler & Jackson, 2008). Normally, the strategies of organizations are based over a long duration of time and are achieved through aligning the resources and structure of an organization in a way that ensures that it meets the needs of the market as well as fulfill the expectation of stakeholders. Business strategies should focus on four main elements of organizations that include people, product, customers and processes.…
McFarlan, W. F., & Delacey, B. (2003) Enabling Business Strategy with IT at World Bank. Retrieved 02 03, 2012, from www.umflint.edu/~weli/courses/bus381/worldbank.pdf…
Benson, R.; Bugnitz, T. and Walton, W. (2004) From business strategy to IT action: right…
In business, strategy relates to the game plan that is used to achieve all the goals that have been set for the organization. Strategy helps to not only achieve long term goals but also tends to give organizations the tools to achieve and maintain a competitive edge over their counterparts in the industry.…
Information is everywhere. Information is a strategic asset. Without information, an organization simply could not operate. This Unit introduces students to several core business strategies that focus on using information to gain a competitive advantage, including:…
In contemporary business world, Strategy plays an important role in every sector. A good strategy gives the company…
Business Strategy is the most important part of the whole strategy of the business. Other parts of the strategy must be based on common business strategy to build and calibrate. Business strategy is extremely important for the existence and operation of the business (Porter, 1980).…
Strategic marketing plays a significant role in today’s competitive environment. Strategic marketing can help to distinguish the company from its competitors. Proper planning and implementation of strategy can provide advantage over other companies. According to Johnson & Whittington (2008), strategy is a long term planning of the company, think of the near of distant future where the company wants to be and what it wants to achieve. Its direction and scope helps exploit companies’ available resources in the best possible manner helping it to achieve advantage over others and fulfil stakeholders’ expectation. According to Henderson (sited at Marketing news 1982) strategy works as a “system” which looks after internal activities of the organisation in order to attain good external performance of the company. From this it can be said that to achieve long term Goals Company uses strategic planning. It can also help company to gain edge over other in the long run.…
How are organizational information systems related to company strategy? The strategy exists because it helps the organizations accomplish the company’s goals and the company’s objectives. It would also be determined by the organization competitive strategy.…
Strategies are always important to every human being and organization to achieve their goals and objectives. As the origin of strategy is as old as human civilization, it is impossible to live or survive in the world without strategies. In the context of today’s business world, corporate strategies play a vital role. Success or failure of corporate strategies may change the growth and survival of the organization.…