Question

Think about how you would manage in "Managing in Turbulent times" (by Peter Drucker) Knowing that...

Think about how you would manage in "Managing in Turbulent times" (by Peter Drucker) Knowing that all time is disruptive or turbulent.

1. What would your strategy be to grow your business?

2. How would it coincide with your IT STRATEGY?

3. Why would they be different? (And they should be! But why)

Homework Answers

Answer #1

1.

Management guru Peter Drucker strongly believed in abandoning unproductive and obsolete process activities which failed to produce the desired outcomes thus this indeed is considered to be the most elegant way to successfully attain the objective of cost cutting in a business process.

Furthermore concentrating on the actual outcomes of the results is the best and most effectual way of cost control thus it’s important to get rid of non-result areas and concentrate efforts on areas that can produce noteworthy and considerable results. However abandonment of low-yield programs and activities is regarded as the most efficient technique to minimize expenses and improve productivity.

Benchmarking is the most elegant way to set continuous improvement goals as this facilitates too continuously maintain good quality and excellence in the business operational activities pertaining to goods, services, distribution channels etc. as this indeed helps to set quantitative improvement goals which in fact facilitates a consistent approach towards improvement of business process.

2.

In this present digital age role of information technology is been considered to be very crucial and vital towards the overall development and growth of the business strategy and successful development of its competitive strategies which indeed facilitates to create new business models, products and services, improve the existing offerings and enhance consumers satisfaction and contentment towards their products and services.

Thus the traditional advancement towards developing a novel technology business policy and approach comprises of a fairly structured sequential process that facilitates to produce a long-term view point of the business technology that indeed is needed along with an appropriate strategy to accomplish these requirements.

Speed and alertness are becoming crucial elements in deciding whether an enterprise can survive in the fast-developing dynamic markets that are the trademark of the digital world thus technology strategy also requires to be flexible and should be able to support normal alterations in the business policies and technology requirements.

3.

Regardless of which growth strategy has been elected a business infrastructure must be up to a standard that supports successful execution thus there must be an on-going assurance towards creating an effective and efficient infrastructure that can indeed help managers to grow at all levels.

Thus the procedure of recognizing the profitable growth opportunities most often starts with the core business activities such as products, services, customers, channels and demographic locations that can facilitate generate the largest proportion of earnings and help enhance productivity.

It’s extensively been established that an enterprise success is entrenched in its competitive-edge, business abilities thus a major confrontation that senior business administrator face today is to clarify, assess and continually strengthen their organization’s strategic capabilities.

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