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INFORMATION MANAGEMENT 101 1-IT4
Organizational Responses
Strategic Systems provide organizations with advantages the enable them to increase
their market share and profits, to better negotiate with supplier, or to prevent
competitors from entering the market.
Customer Focus is organizational attempts to provide superb customer service can
make the difference between attracting and keep customers on the one hand and
losing them to competition in the other.
Make – to – Order is a strategy of producing customized products and services
Mass customization produce a large of quantity of items, but it customizes them to fit
the desire of the customer.
E – business and E – commerce is doing business electronically is essential strategy
for companies competing in today’s environment.
Digital Technology
Cost Saving
Investing in digital technologies can, on the face of it, appear expensive, but
in many cases, it can be a highly cost-effective decision. Digital technology
can help to streamline processes, increase efficiency, improve productivity
and save businesses money.
Improved efficiency & increased productivity
To achieve business success, efficiency and productivity are vital. Digital
technology can help improve communication, collaboration, content
management, access to analytics data and social networking as well as staff
and customer experience. Successful enterprises are embracing technology to
create digital workplaces that improve business cohesion. Make sure your
business doesn’t get left behind and choose digital technology that supports
the way your business wants to work.
Maintain a competitive advantage...or lose it
Embracing digital technology really can be the difference between your
business being successful in the coming years or falling behind competitors.
For examples of the dangers of ignoring digital technology, you only have to
look at the fate of Blockbuster and BlackBerry’s mobile devices. Failure to
embrace digital technology can lead to companies falling behind competitors
and sometimes there is no way back.
It's time for a digital transformation
The phrase ‘digital transformation’ refers to innovating business activities to
make the most of the opportunities presented by digital technology.
Embracing digital technology can positively transform business performance
with regards to increasing revenue, improving customer experience and
reducing costs.
Risk and reward
The truth is that if you want your company to continue being successful then
it doesn’t have a choice. It needs to embrace digital technology and do so
quickly.
Don't let your company get left behind