IT strategy-memo Essay Example | Topics and Well Written Essays - 500 words

IT strategy-memo - Essay Example The current functioning of the firm delays the access to vital information for efficient decision making vis-Ã  -vis various managerial decision making. There is lack of effective communication amongst the various branches and departments which increases the overhead costs considerably and delays in the various production processes like new designs for furniture, cutting etc. that can be expedited through new technology. The diverse units of FYC need to be linked through effective system that would facilitate sharing of information within the departments and within the branches. Information provides wide ranging knowledge about the existing and emerging models of the business world which may have considerable impact on the organizational performance outcomes. An effective information system development is essential so as to manipulate strategic business information for improving the overall business prospects. The information technology and information system development help to exploit information and has been evolved to encompass various spheres of the business including administration, management, productions, accounts and other areas which are intrinsically linked to produce the desired outcome of efficiency, quality and profits. Use of technology vis-Ã  -vis production would facilitate higher level of efficiency and organizational growth which would offset a competitive advantage over their rivals. Production department is one of the most vital units of FYC and technology would greatly boost its various processes like creative design, cutting and mass production of furniture. Computer added designing or CAD software packages are important technology based tools that facilitate innovative designing of furniture and accessories and promote customization to gain leverage against competition. Thus, collation of information, using integrated approach to the IT and ISD has become intrinsic part of competitive