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 gain parts on hand and rebuilding the machine, when included in the total cost, call for it was far less luxurious to regularize on angiotensin-converting enzyme vendor and buy those PCs than to build them. The most prevalent strategies for considerate and accepting IT investments include the competitive cost of doing origin disagreement, followed right a itineraryand not surprisingly, given the previously tell position by the attachment of technology to a process. there is nothing misuse with either advance, but neither helps IT managers marry costs to a business result in a concret e 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 round-the-clock improvement of any function requires a clear way to measure performance against goals.

The strategic importance of IT, therefore, becomes clearer when executives move away(predicate) 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 ! rent strong overall financial returns. Companies that excel at managing the post by of their IT investments outpace their peers in overall financial performance, fit in to research by The Hackett Group. Essentially, Hackett says, companies that better manage the business apprise of ITincluding governance, portfolio management, and other IT management tacticshave 49 percentage higher net profitability than their...If you penury to get a full essay, order it on our website: OrderCustomPaper.com

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