7.7-questions
7.7-questions
7 Questions
2.0» What does this mean for the ICT system and what are the implication
for users/contributors?
There are companies that routinely create millions of dollars in
annual income, and then there are those that barely scrape by.
What sets these two apart from one another? Enterprise strategies
are used to run profitable businesses. A business's largest form of
strategy, an enterprise strategy addresses problems that have an
impact on the organization. The fact that they all have an enterprise
strategy is what makes the best-performing businesses that we are
familiar with today, such Amazon, Apple, Nike, Starbucks, and
others, so successful. Corporate strategy, also referred to as
enterprise strategy, is made up of four key components. To be
successful, the strategy must consider the industry analysis, core
competencies, long-term planning, and financial structure. Industry
analysis is the study done to ascertain the industry's success and
can provide you with insight into any prospective difficulties.
Identifying your core competencies entails figuring out how your
company differs from its rivals. By establishing what sets you apart
from the competition, you can develop techniques that highlight
your advantages over them. Long-term planning entails using
historical data to forecast a company's future; while not everything
can be planned and go as expected, long-term planning can help to
offer your company a direction and a vision. The financial structure
is a crucial component of an enterprise strategy since it helps you
determine what your company can accomplish at various points in
its timeline.
3. Information empowerment is a full equation for information sharing.
One half of the equation is getting the right information to the right
people at the right time. The other half of the equation is making sure
that people can do something with the information when they get it.
Discuss.