Strategic value of information systems Essay Example | Topics and Well Written Essays - 2000 words

Strategic determine of info systems - Essay ExampleThe ultimate goal of Information Systems Management is to assimilate the utilization of information technology into business models and business processes to scrutinize its potential to attain business goals. Todays in the scenario of globalize market, which is fully of large enterprises the competition is getting tougher and tougher. As a result, IT departments are ponderous to become more aline with business. There are lot of models for calculating the profitability with the incorporation of information technology but they each are trying to explore the conjunction between IT investments and the companys financial result .The process of introducing and use of late information technology in organizations is based on the skills and knowledge of experts who has the ability to master a serial publication of interdisciplinary skills. Other factors like organizing and managing human resources, long term planning, employment, traini ng, motivation, encouraging creative work and comely stimulating are also solid. Psycho-sociological and managing processes also depend on the working conditions, type of work and scope of work, availability of human resources and skills available, working atmosphere, and new(prenominal) factors. It is imperative that the evolution of information technology department is the indebtedness of information technology management and should offer the effective ways and leadership qualities to manage the human resources efficiently. avocation are the issues that executives must consider, examine and evaluate while making decisions regarding the strategic value of information systems. avocation And Knowledge ManagementOrganizations are facing ever-increasing challenges, brought on by marketplace pressures or the nature of the workplace. legion(predicate) organizations are now looking to knowledge management to address these challenges. Such initiatives are often started with the dev elopment of a knowledge management strategy. To be successful, a KM strategy must denominate the canonic necessities and issues within the organization, and furnish the architecture for incorporating all these factors. Every organization has a specific environment and antithetic set of requirements, signified by various factors like size of organization, its aim and activities of the organization, overall strategic direction, availability of resources, geographical situations and many others. As a result knowledge management strategies follow either top-down or bottom up approach for the organizations. This main emphasis of these strategies is to provide the architecture for the selection and prioritization of one-on-one projects and activities. Again this strategic focus depend on the number of factors that include Organizational strategy documents, much(prenominal) as the corporate plan or annual reportInvolvement of Senior management Results of other strategic research proje cts, such as staff satisfaction surveys.External market research. 2. Psychological Factors concord to psychological aspect factors that leveraged factors of IT development are as followsProfessional contributions of each individualLevel of individualized professional development and satisfaction at workCommunication whether formal or informal, also plays significant role in the development of