Innovation & Technology Management

Technology is a resource that, like financial and human resources, is pervasively important in organizations

[Name of student]

Executive summary3

Introduction4

Literature review Findings5

Positioning IT to Optimize Performance7

Critical Analysis8

Decentralization9

Integration and connection10

Shortage of skilled manpower10

Changes in the environment10

Management systems in a globalized world10

A new role for the systems11

Conclusion11

References13

Executive summary

Modern society is characterized by a high degree of competitiveness. Contemporary organizations are embedded in this medium; however, the differentiation becomes a key factor in the development of their activities. The purpose of this variation is present in the activity of strategizing. The differentiation is to distinguish the product to customers, creating something that is considered unique even. The business environment today requires efforts in the pursuit of quality, which is an important factor for an organization that aims to characterize their products or services as unique. As the Information Technology (IT) is defined as a set of all activities and solutions provided by computing resources, it is necessary to make use of IT resources in an appropriate manner, i.e., it is necessary to use tools, systems or other means that do the information a competitive advantage. The new world economy based on information technology requires knowledge of organizations to collect, work, and play and manage this resource. The development and mastery of these skills will be crucial for organizations seeking a better position in the market relative to its competitors, requiring engagement in the constant search for innovation. In contrast, organizations that resist the information economy will be easily overcome by competition. Importantly, significant investments in information technology are not sufficient to generate competitive advantage. Greater ability of a business before your competitors will only be achieved through the intelligent use of IT; action will be achieved through the actual use of this strategic resource from the perspective of profitability and competitiveness (Burgelman, Christensen, & Wheelwright, 2004). This paper explains the importance of information technology in organizations.

Introduction

In this modern era, technology is penetrating every aspect of human life. The advents of technology have changed the lives completely in every society. Technology is everywhere nowadays and this trend is due to grow in near future as the rapid technological developments are shaping up the whole business sector. To meet the consumer needs and to dwell in the modern evolving trends, the adaptation of technology and its implementation has been a must for every organization, regardless of the size and operations (Scott, 2013). The benefits offered by technology, upon adaptation and implementation are enough of a reason for all the small, medium and large sized enterprises to adapt and upgrade their technical implementations (Sahlman, 2010).

The information system involves the external and internal information flows that include the management, supplier's stakeholders and customers and the information flows between them. The internal flow involves vertical and horizontal information flow in which the horizontal flow takes place when the information is used basically at the level of operation in order to operations data and capturing transactions and the vertical information deals with the downward flows like budgets, ...