Explain how IT impacts and develops a companys business model.

PART 1: Select a company and answer all three questions at the end of Chapter 2 (Summary) on page 79 in the textbook by interviewing your CIO (or IT Director). Then create a word document with all of your answers. The answers only (does not include the question itself) to all questions should be a minimum of 1 page (44 lines 480 words) and a maximum of 2 pages (88 lines – 960 words) single space typed page is sufficient, but do focus on the key issues, be specific and relevant in your answer (no more than 2 pages, please). Please list the question number (not the question) followed by the answer. PART 2: Your first post should be related to what key points / issues / content that you learned in that chapter. A minimum of 2 solid paragraphs on this chapter content post. A solid paragraph equals approximately 120 words (12 pt) – 10 lines The second post per chapter should be your reply to another students post. The second post (reply) should be a minimum of 1 solid paragraph. —————- (Another student’s (Marta’s) post is attached below here, this will be the post I would like replied to): Marta: “The first thing that caught my attention from chapter 2 was the amount of money CEOs spend on computer software. 352 billion in communication equipment, $435 billion in computer equipment and $336 billion in software this indicates how large the IT niche is and its only growing from here. This chapter did a great job explaining just how IT impacts and develops a companys business model. IT impacts strategy since it determines the product, market, business network, and the boundary positioning. These mechanisms are all crucial for sustainable advantage and asset development. IT also impacts capabilities to execute strategy since they involve processes, infrastructure, culture, leadership and people. The IT map made it more clear how everything is connected impact wise. The book gave an example about Medtronic, a medical device company that created the first implantable cardiac pacemakers that one could wear. This company followed a different IT-enabled transformation. Due to aggressive competition, the company actually launched remote monitoring services for the pacemakers. As time went on and this became their sole venture, the company centralized the IT services and information reporting was changed drastically to improve their niche in the industry. This led me to believe that centralizing IT functions are beneficial to companies under certain underlying conditions but not every company should centralize their IT. The book listed the categories of IT impact: local improvements, business process/design reengineering, emerging opportunities and business transformation. These categories were listed along with their goals, business sponsors, business value, risk and uncertainty and project investment and management.”
Show more