Challenges in the business environment

Business conditions change continually, so your market research should be continuous as well.

Challenges in the business environment

It is the process that brings a degree of strategic intent and coordination to the business activities. Business Strategy Organizational Infrastructure IS Infrastructure and processes Ward and Peppard and Bannister and Remenyi argue that alignment is about achieving purposeful connection between strategy, organization, processes, technology and people.

Strategic and intellectual dimension This is where IT and business objectives are consistent, valid, and working in harmony.

Structural dimension Is the degree of structural fit between the technology, business processes and those who use or who are served by the technology? It is the degree of influence based on how powerful the IT decision makers are.

Knight and Murray argues that power is at the heart of an organisation and is not tied to individuals. The informal structural dimension ChanIs the relationship often forgotten and is based structure that cuts across the formal structural boundaries that exist in the management of functional work activity.

These informal networks include social networks, communities of practise, cross-departmental relationships, unofficial agreed on processes and flexible divisions of work that are present within the organization.

Hnady identified four main types of organisational culture: Once these 5 dimensions have been covered further observations can be made, namely the level of alignment and how it can be measured. The Level of alignment is the degree in which different levels of business have alignment at the micro and macro level of work engagement.

Measuring alignment refers to how managers know they have or do not have alignment in terms of the tangible and intangible aspects. This is a constant quest as methods, approach and boundaries change on how to best justify IT expenditure. The greatest benefits of alignment are the achievement of strategic business outcomes.

Other main benefits include: Customer Service — can be improved with more effective and consistent customer handling, increased customer knowledge and insight. Organisational agility — Agility is much improved by managing systems alignment of business needs by standardizing and reusing mature components rather that iteratively developing alignment which can cause system diversity and scaling issues.

Agility has pros and cons if not managed properly. Operational efficiency — business relationships with suppliers, customers, service providers are complicated. Risk management — where alignment planning forces an organisation to consider the effectiveness of its systems against a diverse range of factors legal, compliance, regulatory.

By improving visibility, alignment also aids the ongoing management of risk. IT is a commodity Due to its ubiquity has matured and lost its strategic value Calls on management to focus its attention on minimising IT related risks.

However, he fails to acknowledge its strategic value is likely to be achieved in the long term and by its very nature is difficult to acknowledge and evaluate. Rewiring the world, from Edison to Google seems to clearly state that IT is a strategic tool.BERI CEO Saruhan Hatipoglu talks to CNN over the Khashoggi crisis and economic implications.

Hatipoglu says realpolitik is key in understanding the outcome of this crisis, but businesses will respond. Essays - largest database of quality sample essays and research papers on Challenges In Business Environment.

The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Jun 26,  · There are a few challenges of operating a business in a global economy.

Challenges in the business environment

Your impact on the environment is, therefore. Business environment has it own strategies and challenges that affect the operation of an organisation whether positively or negatively, but all the challenges will be . Growing businesses face a range of challenges.

As a business grows, different problems and opportunities demand different solutions - what worked a year ago might now be not the best approach.

Challenges in the business environment
CTO Forum :: HOME