Question 1: IT-Business Strategy
Introduction
Information Technology has become a key business function for almost every organisation that has great expectations on their investments in how business-IT strategy can be positioned effectively to achieve and support the organisations goals and business objectives. The expectations can be enabling for businesses as they (REFERENCE);
• Reduce costs,
• Improve the workflow and communication, and
• Enhance productivity
Importance of Business-IT Strategy
Traditionally, (REFERENCE) a role for IT has been reserved for the subservient business planning that could be considered as a mere implementation tool that isn’t somewhat essential in the shaping strategy. However, business opportunities and growth-points
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How do we make sure that IT remains relevant as the business evolves, and
Despite the growing trend towards homogenisation, there are opportunities and gaps where I.T can make a difference, (National Computing Centre) by moving beyond the conceptual level of strategic thinking towards a more practical, physical expression of the alignment process.
Alignment Strategies
According to (REFERENCE), the TEN alignment process principles that remain continuous and iterative are:
1. “Understanding the business by documenting all its processes”, stated Mr S Adeyelure and at his lecture on 27 February 2016 - This is done by capturing, storing and distributing data as it allows I.T to consider a multi-tier of the organisation and how it’ll fit with the rest of the world.
2. Acknowledge the culture (an overlooked aspect) by analysing the organisational structure, ethos and its nature as it gives an outline to how things are done.
3. Know the I.T estate – It allows the business to document/maintain all its assets (hardware and software), applications and delivery channels and it initially helps in understanding how they are aggregated into service offerings, such as:
- How many assets do we need?
- Who creates or configures
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B2B examples that have been thinking out of the box for years with the understanding of their clients, their intimate marketing and the drive towards their decisions are:
- Adobe: It came up with the ‘manifesto’ that’s called Create New – it serves as a central theme of branding and marketing efforts.
- Cisco: Which has a wide variety of content including Q&A’s, presentations for events, is a useful resource for customers, as well as sales tool which in turn help attract more viewers.
- American Express: Has aimed at giving small business owners some lucrative advice. The jewel in the crown would be ‘the hub’, which is a forum that allows members to network and share ideas with each other and industry
By revamping our perception and alignment of IT, we can change the “traditional view of IT as an expense rather than a revenue generator” (Luftman & Brier, 1999) (as cited, Danielle Lohmann, Discussion 1, 11:44 PM). As you mentioned, IT alignment is simply the confluence of organizational purpose and technology within the enterprise (John Nicolay, Discussion 1, 3:03 PM). With the integration of IT, it would seem like it would be a natural progression from one stage to the next, but changes without a strategic plan will fall short of expectation. In Discussion 1, Laxamana details the six types of enabler and inhibitors to alignment. Of the twelve total items, six directly pertains to the involvement of senior executives and/ or IT management and leadership.
- working with working staff to set up strategies, models and frameworks. - Setting client administration measures & assuring that the current standards satisfy the customers & helps retaining them. • Coordinating with the workers themselves can help effectively in setting appropriate models for the procedures & systems because they are the ones who interact directly with raw materials and producing the products, so they would know better if anything in manufacturing needs improvement or so. • It is important to satisfy the current customers in different possible ways in order to retain them which eventually leads in attracting more customers as well.
The road is rarely crowded on the extra mile. While others are settling for generic content that looks, smells and acts like the same content everyone else is producing and publishing, you should be taking your content to the next level and developing real solutions to your customers problems. I know you can do it! Take a listen to the latest Social Zoom Factor podcast episode #229 to learn 25 Ideas for Helpful Content Marketing that will inspire, educate and empower your dream customer! Need more help?
When developing a new product or service to sell to the public, it is good for a business to consider whether there is a market. If there is, it could determine if the product or service will be successful. It is likely that businesses will have competitors within the same market competing to sell their goods to customers as well. Market Share:
Performance objectives? Strategies? Action Steps for
The information revolution is sweeping through our economy. No company can escape its effects. Dramatic reductions in the cost of obtaining, processing, and transmitting information are changing the way we do business. “To get ahead in today’s business world, a company must utilize the right resources. One of the most effective, of course, is information technology (IT), which has become an essential tool for businesses across many industries” (2013).
What is Research? It is a careful investigation of a problem in a scientific manner, especially to search for new facts in any side of knowledge. And it is searching for theory or opinion for testing them or for solving issues. And a scientific way for answering questions and testing hypotheses.
Under Armour faces a twofold challenge, in the product and market area. Their heritage product category was compression Heat-Gear, and Nike the major competitor, was planning to take control of the new customers generations by creating a whole new line called Nike’s Pro Combat. Besides that, the marketing side was also having struggles. Since Nike created a strategy in which a strong emotional connection with customers was developed. This would have as repercussion the displacement of the Under Armour brand and therefore the slow decline of the company.
We all know that LinkedIn is a community or career network site to look out for jobs, seek job opportunities. But the low profile network compared to Facebook, Twitter and other social networks also serves as a resource for business advertisement all across the globe. Moreover, the business owners or online marketers who are looking out to leverage LinkedIn for business promotion through advertisements should make slight adjustments to their ad campaigns, especially in case of B2B marketing. There are many social media networks that serve as advertising sources for a business promotion. But LinkedIn is the best option to make use for B2B marketing that can offer benefits to the business owners.
1.2.3 Strategies • Review IT organizational structure • Review IT policies and
Implementing the e-commerce will require Catatech to have formal IT to take an increase in demand and this will fail in Catatech seeing that the communication within the corporation is very poor. We believe Catatech should have the new IT system before strategy implementation in order to get better results. Implementing a new strategy without the proper IT can affect the current ERP system of the company due to incompetent use of the company’s resources. The new IT system will make it easier for Catatech to implement a
6.0 Marketing Strategies There are different marketing strategies which can be applied for each component depending on organizational objectives or goals. Skillshare need to accomplish the precise equilibrium of the marketing mix to achieve its goals. Figure 1: The 4 Ps of Marketing Mix Marketing mix is an arrangement of four choices which should be taken before propelling any new product or service on the market. These variables are otherwise called the 4 P's of marketing. These four variables help the firm in settling on vital choices essential for the smooth running of any product / organization.
The designers create multiple bags in order to make a final decision and this process is confidential to prevent leaked designs. The creative engineers at Chanel make the product. Karl Lagerfeld finally revises every
The purpose of this report is to find solutions to the prevailing issues in Ritz Carlton like an increase in absenteeism, demotivation, a decrease in productivity level as well as discrimination, underpay and conflicts arising between team members. For the purpose of this assignment, the focus will be on providing recommendations to improve the culture, working environment, structure, motivation of employees and strengthen team-working. Ritz Carlton is using a hierarchical and centralised structure, first of all, different type of structures will be proposed to find the right one.