INFORMATION TECHNOLOGY

Information Technology - A New Dimension

Executive Summary2

Introduction2

Literature Review & Critical Analysis2

Role of IT in Strategy firm performance2

The Implication of IT and Resources2

Complementary Human Resources2

Business Resources2

Financial Impacts2

Process Monitoring and Quality Improvement2

Healthcare and Medical Facilities2

Conclusion2

References2

Bibliography2

Executive Summary

Information Technology (commonly referred to as technology) is the backbone for gaining the lead within a nation and is also a strategic resource like human resources and of course finances. Although, the impact of incorporation of technologies in various organizations are twofold which consists of the materialistic aspect as well as the social aspect? Both the topics are properly covered within this paper,

Moreover, the paper will cover a number of aspects as well as scenarios in which the technology has caused an impact and most of the time completely altered the scenario of strategic management. Moreover, the paper will investigate the bond between the technology incorporation as well as firm performance. The paper will also seek towards the literature reviews of a number of information technology related articles as well as journals which will provide an in depth analysis of the implication of technology on various sectors of the organization including the human resource management, virtual teams formations, business units, process and quality control and most importantly the healthcare sector to gain a better understanding about the influence of technology on various departments of firms. Furthermore, the paper will also look at technology as the strategic asset for having a competitive edge against various competitors (Powell T.C. & Micallef A.D., 1997, p.375).

Information Technology - A New Dimension

Introduction

The expansion of strategic management as the field has surely added another dimension for the strategy practitioners along with researchers showing ample interest in the role for the employment of IT in the steps of strategy formulation as well as strategy implementation. Moreover, the incorporation of technology in various steps of organizational hierarchy has surely added the financial horizon of its incorporation. Most of the time, engineers and managers, make use of IT gain a huge amount of profit thereby driving excessive revenue at the behalf of gaining a competitive edge (Sabherwal and King, 1991, pp. 191-212; Henderson and Venkatraman, 1993, pp. 4-16; Holland, Lockett, and Blackman, 1992, pp. 539-550; Kettinger et al, 1994, pp. 31-58). Moreover, it has also served as a proponent for the advancement. However, the literature is quite far-flung as well as fragmented and mostly looks towards the incorporation of various case studies for the explanation of a number of anecdotes along with complex frameworks. The paper is an attempt to redress the importance of technology as the strategic asset just like the internal, as well as external stakeholders in relation with the dimension of production of competitive edge int eh market. However, Clemons and Row (1991, pp. 275-292) suggests that the incorporation of IT in various organizations has surely gained an advantage by leveraging the preexisting business, as well as human resources.

Literature Review & Critical Analysis

Role of IT in Strategy firm performance

Orlikrowski and Gash (1992, ...