IT for Creating Value Essay Example | Topics and Well Written Essays - 1000 words

IT for Creating Value - Essay Example This paper shows how information technology plays an important role in creating business value. Competitive advantage through innovation At the present, organizations could be able to get a competitive advantage by renovating their business processes through information technology based arrangements. In fact, the new technology based systems are more effective and accurate for the management of business issues and aspects. In addition, the information technology based system offer an excellent support for effective business processing and operational management. Moreover, the innovation brought by new technology based systems offers superior competitive edge to businesses. In this scenario, businesses are able to market, sell, and take decision by means of these IT based systems (Ramkrishnan R, 2004). Financial Value In more formal words, a primary description of the concept of value could be that each economic actor desires to increase their business profits. Thus, in this scenario, the value is recognized as financial worth, could be built by increasing profits. Consequently increasing the business value through information technology based could be determined by augmenting the business earnings. In addition, increasing the business investment in information technology offers an excellent support to the business as a result it increases business value and performance. Moreover, the use of information technology allows the organizations to reduce overall corporate manual processing operations that also leads to better performance (Stahl, 2002). Enhancing Business Value The new technology based systems also offer an excellent support for business decision making. These decisions are foundational upon the values and decisions about the IT are no immunity to this rule. Though, the most important and valuable thing in company is money or economic value. However, yet in business decisions a lot of values apart from money perform a vital role and indeed yet financia l value could typically be assessed to have a moral side to it. The same can be stated for IT. In addition, the design and use of information technology are extremely reliant upon on fundamental value that could be of an economic or moral or some other nature. It is able to be stated that the diverse values are exchangeable to a confident degree. Moreover, the complexity about the decisions foundational on values comes into view when there are numerous values that have to be recognized however these values do not provide similar results that is when values approach in conflict. In this scenario, one usual reason of clash happens between financial and moral values. Though, it is not seen that moral and financial values conflict unequivocally. Typically these issues could be stated as conflicts between moral or between financial values also (Prasad, 2008). References Prasad, A. (2008). Information Technology and Business Value in Developing Economics: A Study of Intangible Benefits of Information Technology Investments in Fiji. The Electronic Journal of Information Systems in Developing Countries, Volume 34 Issue 2, pp. 1-11. Ramkrishnan R, S. (2004). Information Technology: Value Creator or Commodity? Retrieved October 27, 2011, from http://knowledge.wharton.upenn.edu/article.cfm?articleid=948 Stahl, B. C. (2002). The Moral and Business Value of Information Technology. Retrieved October 26, 2011, from http://www.cse.dmu.ac.uk/~bstahl/publications/2002_Moral_and_Business_Value.pdf Sward, D. (2011).

The Baron Finance Company Coursework Example | Topics and Well Written Essays - 1500 words

The Baron Finance Company - Coursework Example Kendall the court ruled that both parties were to suffer the losses.Advice For the company to overcome the capacity constraint in future and achieve efficiency in operations without the indication of space constraints, the manager should begin by carrying out proper building analysis to ensure that the space is ample for its operations. On the other hand, the company can obtain funds from various sources that are appropriate and obtain a building with enough space for all the workers.With the losses incurred in mind, everybody within the organization should direct their efforts towards restoring the finances lost during the transition period. Moreover, costs may be cut by minimizing trivial expenses as a way of reinstating the company’s financial position. All departments under finance should be given a role in the activity to ensure that high interconnectedness between the departments is achieved. In this way, it will be easy to eliminate the constraints bit by bit until the system is realigned as desired.Case lawThe law in this case involves intentional deception or ‘Antitrust’ business law, which highlights that the finance department needs to be entrusted with honest personalities. In this case both parties are involved in fraud because they cohere to personal motives mired with dishonesty. Application This law is applicable in that the company employs somebody who refused the job previously hence mistrust arises like in the case McNally v. United State. According to (Clemency, 2002), it is notable how fraud leads to losses in the hands of a ‘competent manager.’ Additionally, the investor is known to be deceitful and an irredeemable social climber who uses any tactic for selfish gains consequently, the company experiences losses that may be avoided. Advice The company should carry out employment procedures appropriately to obtain an employee who is experienced and has adequate expertise to commit to the job. The person shoul d be trustworthy, honest and selfless in order to strive towards achieving organization objectives. In this manner, the person in charge will be able to manage the organization appropriately especially in following up any small inconsistence especially in the finance department. This is for the sole reason that the losses involved are greatest and thus the need to control and prevent fraud as soon as any suspicions are made. Before making any legal move, a fraud examiner should be involved to follow up the inconsistencies keenly in order to establish a strong basis of evidence in regards to the nature of fraud in question. The little indicators identified may lead to greater realizations of fraud masterminds within the organization that may have operated for a long period without suspicion. Therefore, a small indicator should not be ignored because it is a guideline to more evidence when closely examined (Dyson & McKenzie, 1996). 3. Case The case presented is poor human resource man agement. The scenario is between Casati and the Gosia’s business strategy analyst. Law The law applicable is such a circumstance is ‘Foreign Workers & Employee Eligibility’ law. The analyst in this case is careless. This circumstance is likened with the case of Brown v. Kendall. Application The law relates to the organization since negligence is observed in the situation where the business strategic analyst fails to read the entire report hence leaving out the conclusion and forecast