Strategic Information Technology Plan

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mgt_497_wk2_assignment_motoiv1242.docx

Running Head: AUDIT 1

Audit Excercise

MGT 497

Prof. Henrietta, Okoro

January 24, 2016

AUDIT 2

Audit Exercise

Chapter 3:

My preferred business is Amazon INC however I would like to expand into buying massage centers that offers different massage services and therapies to clients of different ages and sexes. The center is equipped with both advanced massage equipment as well as a qualified staff. The business mission is to help clients maintain their health plan at affordable rates. Our immediate goals are: to help our clients maintain their health, use our services to enable clients recover from injuries as well as cope with stress. Offer relaxation services to our clients offer professional massage and consultation services and respect the clients' boundaries. When looking at these types of businesses there are several questions that will need to be asked in order to be successful:

1. What niche is there in the massage industry? How can we differentiate our services to earn more clients? I believe understanding the factors that affect the demand of a product is a relevant area for this factor. This is because these factors determine which areas within the business needs adjustments to attract more consumers.

2. What changes should we make to speed up our service delivery?How flexible is our staff to change? Understanding factors that affect service delivery is relevant as adjusting some of these factors will determine speed adoption.

3. How adjustable is the staff to change?Does the business have enough funds to finance new innovations? Understanding both the external and internal factors that affect a business success will aid in knowing which factors may block the success of an innovation.

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4. What is our competitive advantage? Knowing the competitive advantage of a business determines how responsive the business will be to competitors.

5. : How adaptable is the staff?Knowing a business strengths and weaknesses helps in knowing how sustainable the competitive advantage is.

6. What is the company’s acceptable code of conduct? The business code of conducts and ethics determine whether one can set new standards as they limit acceptable conducts and standards that can be introduced.

7. How stable is the company financially? Financial stability and its impacts on a business is a relevant issue of concern as a business success or progress is limited to its financial capabilities.

8. What is the cost of the needed equipment? Financial stability and its impacts on a business is a relevant issue of concern as a business success or progress is limited to its financial capabilities.

9. How differentiated are the company’s services?

Product differentiation determines the novelty of an innovation is. The more differentiated a product is the more novelty the company’s innovation are.

How stable is the company financially? Financial stability and its impacts on a business is a relevant issue of concern as a business success or progress is limited to its financial capabilities.

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10. What are the market niches in this industry? What benefits can the business earn from its competitive advantages? Understanding the available market niche helps the business seize new opportunities which helps the business grow and increase its profits margins.

11. What are the vulnerable areas in the business? What are the weak points of the business? Business weak areas are its most vulnerable points of damage. Knowing them is important to avoid harm.

Chapter 4:

Vision: having a well-defined vision, mission and set objectives imply that an organization is guided by a common sets of rules and standards. A case where all the employees share a common vision and take part in coming up with an attainable innovation strategy show that an organization works as one team. This thus implies that the organizations can readily implement an innovation strategy if it is captured in the vision and mission statements as well as the objectives. A team that works as one can readily adjust to change as compared to a team that is divided. Working as a team makes it easy for all employees to move at a similar pace, thus in a case of implementing an innovation strategy it becomes easy to involve all the members and realize change at a fast pace. Therefore working as a team and guided by common self-made principles is important for an organization.

Leadership: a team that is focused on achieving a collective success is a team that can readily adjust to new innovations. To achieve all these however, the team manger needs to be updated oftenly on the team’s progress as well as motivate all team members to work as one.

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Motivations may be in form of allowances, rewards and promotions among a few. The team members further need to be motivated to work as one and attain a common goal. The teams achievements should be a reflection of each members input. Another factor that will encourage a fast acceptance of new innovations is a team leader who is open to new ideas and critic. Different reasoning to the same issues always results to conflict, a team leader who is able to use all the varying reasoning and come up with a common way of doing things readily motivate the team members to readily implement an innovation strategy.

Processes: sharing information is very vital for the success of a new innovation. All members need to be aware of the proceedings of a business. This thus makes it important to share all the vital information. Decision making should involve all the team members, all new proposals and critic should be welcomed. Team managers should ensure that the team members are free to air their opinions at all times as well as critic and complement their opinions. Open communication will help in speeding up the process of accepting new innovation strategy.

Resources: management should accept new ideas from both the board members and the staff body. New ideas are always vital as they either complement a new idea or critic it. Team members should also openly welcome all new ideas and accept changes as they come. This further implies critiquing and asking questions on areas not understood (Campbell, 2007). Team leaders should also be able to offer practical examples that can be emulated by the team members. This enables team members to readily adapt to the new ideas and changes. Generally following all these acts will ease the pace at which the employees will adapt to new ideas.

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This checklist is important as it’s a guide on questions that both the management and team leaders should ask themselves before implementing a new stratey. All the response to these questions need to be positive if an organization is to succesfully implement an innovative strategy. A precise area of concern is the team leader team membres association. All team leaders should be ablebe of good influence to the team members. This entails offering practicle examples and guidance to their team on how to conduct operations. Team heads should further be open to new ideas and suggestions form their fellow members. On the other end, team members should be willinmg to learn from their heads as well as be open to new ideas. They should further openly communicate their ideas on how to go about on a operation.

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Reference

Sullivan, A and Steven M. (2013) “Competitive Advantage” Upper Saddle River, New

Jersey 07458: Pearson Prentice Hall.

Campbell, R (2007). “Evaluation of Firms” New York: McGraw-Hill.

Browning, K (2012). “Factors affecting Demand of Goods” 6th Edition New York: Addison Wesley Educational Publishers

Michael W (2013) “Business Practices” 5th Edition NY: New York: Addison Wesley Educational Publishers