Information Technology (IT) Value Engineering Model to Strengthen Cost Efficiency for Sustainable Competitive Advantage in IT-based Firms
Lukman Abdurrahman, Student Member, IEEE, Suhardi, and Armein Z.R. Langi, Member, IEEE
Abstract— This paper aims to study the improved business performance that is established on optimum costs. This construction is facilitated by IT value engineering methodology concept, which is an engineering method associated with IT inclusion of an organization to create superior performance at lower costs. Therefore, the approach is exhausting systems engineering through an engineering design process by defining the problem, generating alternative solutions, selecting a solution, detailing the design, validating the
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On one hand, the IT value is beneficial in processes since it promotes effectiveness and efficiency in organizational operations, exhibited in cost reductions, for example. On the other hand, engineering is the creative exploitation of energy, materials, and information in organized systems of men, machine, and environment systems which are useful in terms of contemporary human values [9]. As for the definitions of systems engineering are numerous and diverse, however, they all share the primary concepts of the systems approach, like holism, synthesis, interrelationships, along with the engineering-project-based ideas of system lifecycle and requirements …show more content…
This parallel relationship based on the idea that the firm total investment should be allocated in accordance centers of responsibility that have been planned with the aim of each can contribute to an increase in firm performance. If this relationship is illustrated in a diagram, it appears in a parallel fashion, which is also in the form of additional operations in mathematics, besides to adopting the advantages of parallel computing. This occurs as a consequence the use of PAV and has been proved that the result is the most precise estimate in a parallel relationship.
3) As mentioned above, this research proposes a study started from a firm’s performance, afterward organizes IT resources in terms of their allocation, composition, and other parameters. This standpoint probes a business positioning system (BPS) framework, which aims to determine the desired business position based on the required firm performance by exploiting the IT resources in a way that is measurable and controllable as the balanced scorecard of Kaplan and Norton
Possible managers may interact with software as well in case possible changes are required. The business units that will be involved with the solution are the accounting department who handle the financial aspects of the project, possible IT department who manage the technology solution and most importantly the managers of Berlasco Court who handle daily operation. Redesigning the following business processes will provide benefits this can be
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).
The most important thing a company must do to gain IT competitive advantage in terms of people’s norms and skill is to build an IT staff team with knowledge capabilities to integrate IT strategic expansion (Yetton, Henningsson,and Bjørn-Andersen, 2013). In the case of Unity Bank, when Unity Bank acquired Delta, both companies need to utilize the global experiences of Unity Bank’s IT employees with the local expertise of the US market of Delta’s IT staff for a successful growth-by-acquisition strategy.
Organisational values can be described as a “belief that a specific mode of conduct is preferable to an opposite or contrary mode of conduct” (Rokeach, 1973). Some organisations describe them as their ‘guiding beacons’ whilst others describe them as part of their philosophy. As Diageo explains ‘Our values are not just words on a page – they are in our DNA. They underpin everything we do and are reflected in the day-to-day behaviour of the company.’ –
The core value propositions for Amazon’s internet book buyers were price, customer service, selection and convenience. Bezos (2000) claimed. Amazon to be “Earth’s most customer centric”, which meant they needed to listen, be innovative and personalise. Amazon’s personalization efforts were summarised by the CEO of Amazon, Jeff Bezos, by stating “If we have seventeen million customers, we should have seventeen million stores.” (Bezos, 2000).
An organization is connected of various parts and has many sub systems including Finance, Human Resource, Information Technology and marketing as well. When these all aspects are combined then they form a company. This study focuses on using the company as a Systematic thinking and this approach is very important to determine the most appropriate technology for the company based on the concerned problems. Systematic thinking is a management discipline that focus on understanding the system by linking the various components within the entire
Firstly, the Boston Consulting Group (BCG) matrix that concentrate the market position of different products. Secondly, the experience curve and the Profit Impact of Market Strategies model which identified a number of strategic variables. Furthermore, competitive advantages model (Porter, 1985) which focus on five different forces in environment of organization, but suit with only stable market. Generic strategy was developed strategies under this school, especially it can identify position in the market. Advantages: -Provide content in a systematic way to the existing way of looking at strategy -Particularly useful in early stage of strategy development, when date is analyzed -This school emphasis on analysis and calculation can be a very strong support to the strategy development process -This strategy suit with big businesses or organization which have ability for operate effective market research in the environment
Its clients are individual users, specialised businesses, and institutions such as government, science, defence, spatial and educational organisations. To meet and respond to its customers needs, IBM creates, develops and manufactures many of the world 's most advanced technologies, ranging from computer systems and software to networking systems, storage devices and microelectronics. 3) Internal and External Analysis A) Porter’s Value Chain Analysis: This model describes the activities that take place in a business and relates them to an analysis of the competitive strength of the business. Value Chain Analysis is one way of identifying which activities are best undertaken by a business and which are best provided by others ("outsourced").
UNIT DETAILS Unit name: Technology Management Class day :- Tuesday Unit Code: ADM80012 Assignment: 01 due date 27/03/2018 Name of lecturer/teacher: Jason Miller Students Family name Given names Student ID Thakkar Bhavikkumar Maheshkumar 101761502 Declaration and Statement of Authorship 1. I/we have not impersonated or allowed myself/ourselves to be impersonated by any person for the purposes of this assessment. 2. This assessment is my/our original work and no part of it has been copied from any other source except where due acknowledgement is made.
The virtue theory, which pursues virtuous principles, strategies and actions, can lead companies to understand their values, including mission, purpose, profit potential and other objectives. Virtuous employees tend to perform their roles consistently and competently in the direction of the company's goals. Virtues are the kind of thing you allow someone to take action to appreciate. Business people increase their likelihood of reaching their values and goals when they reach Objectivist virtues. Virtues emphasize the importance of each employee's valuable contribution.
The value chain equates to the internal activities that a company employs in transforming its inputs to outputs; this helps with the improvement of activities, helping the company to achieve competitive advantage. In the analysis of H&M’s organizational capabilities the value chain analysis would show that with viewing the internal activities; this analysis would show where the company’s competitive advantages as well as disadvantages lies. This analysis would then depict the company’s core competencies. When a company is said to be competing through its cost advantage; it would most likely try to carry out its internal activities at a much lower cost than its competition would want to.
- IT platform and core applications software support world-class SCM - Advanced decision support capabilities have the greatest impact on business performance - Data are required to manage the core business
Resource based view is the tool that is used in order to evaluate the resources that are important for the organisation to make their performance effective. It is regarded as a significant approach that is used by the organisation towards attainment of competitive advantage. The aim of this paper is to evaluate the resource based view literature and then applying the knowledge on the evaluation of a case study organisation. The selected organisation is Zara Fast Fashion, which is analysed with the help of use of RBV towards achievement of sustainable competitive advantage. The theoretical concepts of the resource-based view is analysed and applied on Zara as a real world example.
In 1985, Harvard Business School Professor Michael Porter published his new book “The Competitive Advantage” which focuses the organisation internal environment. In this book, along with an in depth analysis of the competitive strategies which are Cost leadership, differentiation and Focus, he also concentrates on the firm’s value chain. 1. Cost Leadership: In cost leadership, an organisation aims to become the low cost provider in its industry. Examples are Aldi, Lidl, Ryan Air etc 2.
THE FUNCTION OF ENGINEERS IN PROTECTING THE SOCIETY 1. MEANING OF ENGINEERING We often use the words “science and technology” for engineering. what can be done by engineers with science and technology? Researchers think about it and do some research which resulted in the understanding that engineering is about planning and designing something that helps society by regulating science and technology.