Information technology and strategic management
Summary :
Table of Contents
- Introduction
- Strategic management
- Information technology and corporate strategy
- Integrating IT and strategy
- Capitalizing on Information Technology
- Computers
- The rise of the mainframe
- Powerful supercomputers
- Minis: The beginning of the revolution
- The personal computer has changed everything
- A personal assistant
- The chip
- Early systems
- Evolutionary advances
- Future trends in architecture
- Strategic planning
- Strategic information system
- Information systems products and services
- Systems to focus on market niche
- Strategic alliances and information partnerships
- Managing IT in an organisation
- Organization support systems
- Decision support systems
- DSS design
- Executive information systems
- Group decision support systems
- Impact on organizational structure
- The challenge of information systems: Key management issues
- Emerging trends
- Bibliography
Abstract
strategic management is defined as "the set of decisions and actions resulting in formulation and implementation of strategies designed to achieve the objectives of an organization". The formality of strategic management systems vary widely among companies. Formality refers to the degree to which membership, responsibilities, authority and discretion is decision making is specified. It is an important consideration in the study of strategic management. Because degree of formality is usually positively correlated with the cost, comprehensiveness, accuracy and success of planning. A number of forces determine the need for formality in strategic management. The size of the organization, its predominant management. styles, the complexity of its environment, its production processes, the nature of its problems, and the purpose of its planning system all combine in determining and appropriate degree of formality. in particular, formality is often associated with two factors: size and stage of development of the company. Methods of evaluating strategic success are also linked o he degree of formality.
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