ISM-1

ISM-1

• 1.
  Information Strategy &Management Shri Deshpande
• 2.
  IS & M(304) • Introduction • Why I am here • How can we go about it • About IS & M http://www.radiantminds.co.in
• 3.
  IS & M • What is Business ? • What is Information ? • What is Strategy ? • What is Management ? • Why IT strategy is require ? • Typical Business units and IT • Case 1 - Just Dial • Case 2 - Book My Show http://www.radiantminds.co.in
• 4.
  Business Pyramid Owner Vision Board of Directors Strategy Employees Execution http://www.radiantminds.co.in
• 5.
  What is Business • Business – Any activity consisting of Purchases, Sales, Mfg. , Processing, Marketing of any product and/ or services. It exists for profits. It is reward for risk taking. • Factors affecting the Business http://www.radiantminds.co.in
• 6.
  Objectives of abusiness • Valid purpose of a business is to create customers or market • Typical Stages in Business  Survival > Efficiency  Stability > Profitability  Growth  Innovation http://www.radiantminds.co.in
• 7.
  Components of BusinessEnv. •Local & •Legislation & Global regulation Economy Suppliers Buyers Competition Lifestyle •Technology •Population & Demography http://www.radiantminds.co.in
• 8.
  Business Environment • Complex • Dynamic • Different brains • Demanding customers • Competition • Globalization • Environmental Changes ( Quick & Timely decision making is the key) http://www.radiantminds.co.in
• 9.
  Case Study -SIU • ERP Implementation http://www.radiantminds.co.in
• 10.
  Environmental Scanning • Customers – Who are the customers / Consumers – What benefits are they looking for – What are their buying patterns • Competitors – Who are the competitors – What is their present strategy & Objectives – Who are the most aggressive http://www.radiantminds.co.in
• 11.
  Environmental Scanning • Market – Cost structure of the market – Price Sensitivity – Technological structure – Distribution system – Population size – Geographic Location – Ethnic Mix – Income distribution system http://www.radiantminds.co.in
• 12.
  Environmental Scanning • Economic Environment – Shift to a service economy – Level of disposable income – Interest & Tax rates – Govt. budget deficit – Consumption Pattern – Demand Shift pattern – Price Fluctuation – Stock market trends – Inflation rate http://www.radiantminds.co.in
• 13.
  Environmental Scanning • Political & legal environment – Government – Legal Business – Political • Social – Cultural environment – Social concerns – Social attitudes – Family Structure, Role of woman in society – Educational Levels http://www.radiantminds.co.in
• 14.
  Information Strategy • Where the data is getting generated • How the data is flowing through the system • Are the system interacting with each other • Are they interfacing with outside world • What type of technological changes are there • How quickly information is available • Is there any prediction from the previous data http://www.radiantminds.co.in
• 15.
  Life Cycle • Strategy Formulation – Develop vision, mission and set objectives – Make stakeholders aware – Define timelines – Risk identification and Mitigation – Technology Selection • Strategy Implementation • Strategy Evaluation http://www.radiantminds.co.in
• 16.
  Case Study • Effects of Globalization on Business • Case Studies …. • What Next … http://www.radiantminds.co.in