STRATEGIC INFORMATION SYSTEMS

Strategic Information Systems

Strategic Information Systems

Introduction

This paper discusses the approach taken in an investment company in developing and planning information technology or information system strategy. Then the strengths and weaknesses of the given strategy are given. Then organizational approach given by Earl is discussed (Earl, 1993, 1-24). The formation and implementation of strategy with esteem to computer-based information systems (IS) are significant matters in numerous up to date organizations, encompassing those in the economic services sector.

[Figure 1: (Peters,Heng, and Vet, 19-38)]

This paper describes and analyzes an in-depth study of the strategy formation and implementation process in one such organization, a medium-sized UK bases investment company, and relates the process to its organizational and broader contexts; the organization is examined over a period of several years and under the contrasting leadership of two different chief executives (Edward, 2003, 41-53). The case study is utilised to evolve some general implications on IS scheme and implementation, which can be taken as topics for argument in any new situation. The paper presents an demonstration of a more comprehensive perspective on processes in IS scheme and implementation than normally available in the literature.

[Figure: 2 (Peters,Heng , and Vet, 19-38)]

In addition, a new structure for farther research in this locality is developed, which directs the researcher toward exploring the dynamic interplay of strategic content, multilevel contexts, and heritage and political perspectives on the method of change.

Information Technology Management

Information technology can be broadly examined as any merchandise that utilises a computer or connection hardware or programs for its technological base. Its purpose is to increase the organization's ability to communicate accurate information in a timely manner and to aid in organizational decision making.Information systems covers all information channels i.e. formal-informal, automated-manual, strategic-tactical est. Company based Information System Strategy (ISS) is the integration of functional groups such as Information Systems, Finance and Manufacturing that drive the majority of the information and technology based projects yet each group continue to function within their own strategy. Operations of a business concern without a structured ISS, allows each functional unit to operate with different tactical goals, which may or may not be in line with organizational long-term strategic goals (Edward, 2003, 41-53).

Multiple information system strategies within one company yield duplicity of information. The senior management has to devise the information system structure apt for the organization to attain organizational goals over and along with departmental goals. When the procedure is correctly conducted the advantages of ISS to the organization can be extraordinary. Information based systems are developed that achieve the goals of the entire business and not a specific department.

[Figure: 3 (Lewin, and Volberda, 1999, 519-534)]

With a strategy in place, the direction provides all departments with an understanding of the correct path. Each department actively participates in the planning and cooperation among different departments increases. When all departments understand the business issues related to their organization they actively participate in the development of the ISS and they take ownership of the plan and ...