ASSIGNMENT INSTRUCTIONS:
Assignment Content
Business and IT strategies need to align to move the company toward a common goal.
Review the Phoenix Fine Electronics’ strategies listed in the course scenario.
Develop a 6- to 8-slide, multimedia-rich presentation for your next client meeting with the management team. In your presentation:
Identify the commonalities in the business strategy and IT strategy.
List the needed critical elements of information technology.
Describe the importance of the critical elements.
Identify recommended changes to better align the 2 plans.
Describe the value added that the business should realize if these recommendations are adopted.
Include the following elements:
Appropriate images, graphics, audio, or video
2 APA-formatted references to support your recommendations
Detailed speaker notes or audio narration of the presentation
HOW TO WORK ON THIS ASSIGNMENT (EXAMPLE ESSAY / DRAFT)
Aligning business and IT strategy is essential in today’s business environment to attain a company’s shared objective. To make sure that Phoenix Fine Electronics’ existing tactics are geared toward a single goal, it is important to review them. This essay offers a 6- to 8-slide multimedia-rich presentation that highlights similarities between business and IT strategies, lists essential IT components, discusses their significance, suggests adjustments to bring the two strategies into line, and details the benefits that would result from doing so.
Business and IT strategies share similarities
The core principles of Phoenix Fine Electronics’ business strategy center on delivering top-notch goods and services while keeping a keen client focus. Through the use of cutting-edge technological solutions, their IT strategy is to improve the client experience. Enhancing client satisfaction, retention, and loyalty is a shared objective.
Important Information Technology Elements
Cybersecurity, data analytics, mobile technology, cloud computing, and user experience design are crucial components of information technology for Phoenix Fine Electronics. These components are crucial for improving customer satisfaction, cutting expenses, and boosting productivity.
The Value of Essential Elements
Data analytics helps find opportunities for improvement in product development, marketing, and customer support, while cybersecurity guarantees that the company’s sensitive data is safeguarded from cyber threats. The company’s goods and services are accessible to clients at any time and from any location thanks to mobile technology and cloud computing. The goal of user experience design is to make sure that customers enjoy using the company’s goods and services.
Changes that Should Be Made to Align Business and IT Strategies
It is advised to enhance investment in data analytics and user experience design to better match Phoenix Fine Electronics’ business and IT strategy. The business should also create a mobile application to increase customer access to its goods and services. This will lower operating costs and increase consumer happiness and loyalty.
If Recommendations are Accepted, Value Will Be Added
Phoenix Fine Electronics can anticipate higher customer retention and satisfaction, lower operating expenses, and higher income if these suggestions are implemented. The organization may keep one step ahead of the competition and guarantee long-term success by improving its IT strategy to coincide with its business strategy.
Conclusion
In conclusion, accomplishing a company’s overarching objective requires the alignment of business and IT goals. Phoenix Fine Electronics needs to spend money on important information technology components to improve customer service, cut expenses, and boost productivity. The organization can connect its business and IT strategies and generate added value through enhanced customer happiness, loyalty, and revenue growth by implementing advised improvements.
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