Success in Incorporating IT in Business Essay Example
Success in Incorporating IT in Business Essay Example

Success in Incorporating IT in Business Essay Example

Available Only on StudyHippo
  • Pages: 4 (973 words)
  • Published: September 15, 2018
  • Type: Research Paper
View Entire Sample
Text preview

Businesses have been incorporating information technology into their operations, leading to a rise in IT investment expenditure. Evidence shows that companies who invest in IT infrastructure experience positive outcomes. Numerous academic studies across different disciplines highlight four key factors that contribute to a company's successful IT investment. This underscores the increasing importance of IT in the business world (Aral ; Weill, 2006).

The importance of selecting the right portfolio of IT investment is emphasized in the first section. A company's portfolio includes a variety of investment options, with IT infrastructure upgrades typically falling under long-term investments. Choosing the appropriate IT upgrades is crucial for achieving success in business operations, especially given the current economic and political climate. Additionally, IT investment can enable companies to prepare for unforeseen IT-related developments (Weill & Broadbent, 2003). The second section emphasize

...

s the importance of organizational and process investments that complement a company's IT investment (Brynjolfsson ; Hitt, 2000).

The key to improving the success of IT investment is implementing appropriate changes in business processes, organizational structure, and employee compensation. Merely upgrading or purchasing IT infrastructure does not necessarily lead to higher sales or revenue. IT infrastructure can be viewed as a program or machine that's critical to business operations. Adjusting the working environment to accommodate advancements and changes in IT infrastructure is necessary to achieve success (Dhar & Sundarajan, 2007).

According to Davis (1989), the third factor in investing in IT systems focuses on achieving user acceptance and adoption, as well as establishing processes, cultures, and practices that encourage acceptance. This factor highlights the need for companies to adapt their work environment to complement any upgrades made. Additionally, Weill and Broadbent (2003

View entire sample
Join StudyHippo to see entire essay

emphasize IT governance as the last factor. Although IT systems are efficient tools for business operations, it is still up to company executives and workers to make decisions that impact the future of the organization. IT governance ensures that business operations are not disrupted during unforeseen events.

According to Hoque et al. (2005), CEOs prioritize anticipating future demand and aligning company interests with current business needs. With technology advancing, information technology is becoming increasingly important for business operations, even offshore. As discussed earlier, IT infrastructure has become commoditized over time, making transactions easier and more affordable for consumers (Dhar & Sundarajan, 2007). Incorporating IT into business operations offers numerous advantages, as evidenced by its inclusion in business school curricula and the reliance on information flow within enterprises (Cooley, 2005).

It is important for business school professors to teach their students general theories instead of just facts and context to ensure their effectiveness in the future. The increasing focus on information technology (IT) in the business world has led to changes in the business atmosphere. Therefore, it is wise to collect and use appropriate information at the right time to positively impact a company’s bottomline. To achieve this, investing in IT infrastructure is recommended as it provides necessary provisions for turbulent times without sacrificing decision-making abilities. Effective management skills, particularly among business executives who consider the connection between IT and the business world, can successfully guide a company through turbulent times.

It is advantageous for business executives, even if they don't have a degree in IT, to have a background in it when formulating effective business models during critical situations. To effectively use IT systems and personnel, it is

wise to align the company's strategy with its current IT infrastructure. Despite evidence showing the importance of incorporating IT in business operations, some industries and experts still overlook this development. To overcome this obstacle, companies that support incorporating IT within a firm's performance should use IT research and relevant practices in business operations. This paper emphasizes the significance of information technology in business through educational and empirical content. While previous research studies have already shown the importance of IT in business, sudden changes cannot be made to the nature of business, even though the evidence suggests that companies need to rely on IT for success.

A more comprehensive and collaborative approach across different fields of study is necessary for a shift in this mindset. Modifying the business school's educational program would gradually alter this perspective and simultaneously educate upcoming executives on the significance of technology in business. (Agarwal & Lucas, 2005).

The issue of identity in information systems and the importance of conducting research that has a significant impact is discussed in the article "Focusing on high-visibility and high-impact research" published in MIS Quarterly (29(3), 381-398) by Aral, S. and Weill, P. (2006). The authors also explore methods for generating maximum returns on IT investments.

The text within the refers to three different sources related to the impact of information technology on organizational performance: Sloan Management Review (Vol. 47, Issue 1, pages 39-48), a publication by Brynjolfsson and Hitt titled "Beyond Computation: Information Technology, Organizational Transformation, and Business Performance" in the Journal of Economic Perspectives (Vol. 14, Issue 4, pages 23-48), and an article by Carr.

(2003). Harvard Business Review published an article titled "IT doesn't matter",

which was followed by Cooley's (2005) work on business education for the future.

The title and location of the source is "NewYork University: New York. Davis, F. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology."

The text in HTML format contains two citations: "MIS Quarterly, 13, 319-340" and "Dhar, V. & Sundararajan, A. (2007). Information technologies in business: A blueprint for education and research. Information System Research, 18(2), 120-139."The individuals named Hoque, Sambamurthy, Zmud, Trainer, and Wilson are referenced within HTML paragraph tags.

(2005). "Winning the 3-legged race: When business and technology work in tandem". Englewood Cliffs, NJ: Prentice Hall. The Information Technology Infrastructure of your business is crucial for its success.

The source of the document titled "ebusinessinfra.pdf" was IBM, and it was accessed on June 15, 2008 from the URL http://www-935.ibm.com/services/hk/igs/pdf/ebusinessinfra.pdf. The information was retrieved through an HTML paragraph tag.

Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New