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Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
1 Source
Style:
APA
Subject:
IT & Computer Science
Type:
Other (Not Listed)
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.8
Topic:

Leveraging Technology to Drive Competitive Advantage

Other (Not Listed) Instructions:

Leveraging Technology to Drive Competitive Advantage
Read the course scenario for Reynolds Tool & Die. Based on the scenario, write a 2-page executive summary describing how you, as a senior IT manager, plan to leverage technology to achieve a competitive advantage for the company.
Title
Your paper should start with the title Executive Summary: Leveraging Technology to Achieve Competitive Advantages.
Introduction
An introductory paragraph should include the goal of the summary, which is how IT will leverage technology to achieve a competitive advantage.
Headings
Your headings should include:
I. Competitive Advantages
What are the competitive advantages the business would like to achieve? Don’t choose a lot of topics. Focus on three or four competitive goals. These could include:
i. Lower cost of products or services
ii. Greater internal workflow efficiency
iii. Expansion into new markets
iv. Introduction of a new product or service
v. Company re-organization, which could include creating separate divisions, a merger, or consolidation
II. A Current Assessment of the Internal IT Resources
Topics to address should include:
i. Current hardware, software, and services (third party, outsourcing, etc.)
ii. Suggested changes, upgrades, and additions to the environment
III. The Plan to Leverage Technology to Achieve Competitive Advantage
Be specific when addressing your plan for leveraging technology. A good way to approach this topic will be to merge Headings I & II. For example:
i. Achieving lower costs of products or services might be achieved by upgrading aging data center equipment, virtualizing file servers, and, thus, reducing maintenance expense in the long term.
ii. Investment in workflow software may eliminate time consuming manual processes, thus setting the stage for workforce reduction, which will lead to cost savings.
iii. Updated or new Customer Relationship Software may help in developing new markets.
iv. Updated or new ERP software may help facilitate new and better production techniques.
v. Cloud services could create a more nimble, flexible IT organization, quickly enabling mergers, acquisitions, or consolidations.
IV. Conclusion
Your concluding paragraph should be a brief statement reinforcing your position regarding leveraging technology and briefly summing up the document.
Cover Page and References
Remember, all papers need a cover page. Use at least one other reference for this assignment in addition to the course textbook.

Other (Not Listed) Sample Content Preview:

Leveraging Technology To Drive Competitive Advantage
Name
Institution
Executive Summary
Our main focus to improve efficiency will be centered on investing in workflow software to eliminate time-consuming manual processes to cut operational costs. Our greatest expenses are directly or indirectly related to human resources and because of our overdependence on manual processes for production. Automating some of these processes will greatly increase efficiency and quality because we will have reduced human errors and hence our production cost will go down. Thus, we will be able to undercut market pricing and enable us to price our products competitively in the market. The workflow software will ensure we maximumly and efficiently utilize our human resources.
Introduction
The information age has come of age. The biggest companies in the world have cashed in on technology, and every other major corporation is leveraging on technology to cut cost, improve efficiency and increase its revenues. Our company is also seeking to tap into the power of technology to improve its operations, increase profit margins, expand its markets and strategically align the company with the futuristic trends of technology to remain competitive in the industry. Our main focus at the moment is to the maximum utility of human resources by reducing role redundancy, underutilized working hours, increasing accountability and minimizing micromanagement, improving communication and employee professional relationships CITATION Bha11 \l 1033 (Vagadia, 2011). Labor is the most expensive factor of production in the company, and the associative cost is wrapped in the pricing of our products. Thus, to price our prices competitively and improve the quality of our products the company ought to efficiently utilize human resources by investing in workflow software. In the long run, the payroll expenditure will be reduced, and the value of the workforce will be efficiently utilized. The cost of the new system would be covered by savings in the long term.
I.Competitive Advantages
* Lower cost of products or services
Since the cost of production is transferred to our consumers, reducing the same can help in competitively pricing the products. The goal is to ensure that there are no redundancies in the workforce and each capacity of each employee is maximumly utilized. There will also be more automation of some services, and the workers in those departments relocated to other departments or retrenched.
* Greater internal workflow efficiency
The new workflow software will help in identifying areas where there is under-utility of resources and open up new ways to improve such operations CITATION Bha11 \l 1033 (Vagadia, 2011). It will also improve accou...
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