Information Resources Planning And Management

To achieve its long-term objectives that would enable an organization, strategic or institutional management is the conduct of implementing, evaluating cross-functional decisions and drafting. In order to design and achieve these objectives and then allocating resources to implement the programs, projects, plans and policies, it is the process of specifying the organization’s objectives, mission and vision, developing policies and plans, often in terms of projects and programs. Companies often evaluate the overall performance of the business and its progress towards objectives through a balanced scorecard.

There are 10 basic tasks for “The action agenda for executing a strategy”. These 10 tasks are: Build the organizational capabilities required for successful strategy execution, establish a strategy supportive of organizational structure, and allocate sufficient resources to the strategy execution effort, Institute policies and procedures that facilitate strategy execution, adopt best practices and business processes that drive continuous improvement, install information and operating systems that support strategy execution activities, tie rewards and incentives directly to the achievement of strategic and financial targets, instill a corporate culture that promotes good strategy execution, exercise strong leadership to propel strategy execution forward, and staff the organization with the right people for executing this strategy. If managers execute these 10 tasks well, the company has a higher success rate.

Strategic planning within a company is a tool used in companies that help mature areas in total quality management. This type of planning creates a cohesive management system for lower level employees to better adapt in. “Strategic planning determines where an organization is going over the next year or more and how it 's going to get there. Typically, the process is organization-wide, or focused on a major function such as a division, department or other major function”(McNamara, 2008). In order to plan effectively one must first make a clear assessment of the plan and have an analysis on the corporations mission statement and objective.

The CIOB will be in charge of developing the multi-year strategic IT plan that is in accordance with the strategic direction of the company.

The first step is to identify the organization business context to determine the goals of the

An enterprise architecture diagrams are designed during the strategic planning process to strategically picture the organization in the current and future business environment regarding the technology, strategy, and business. The different future scenarios evaluated with the aim of strategically positioning the company to the industry trends through planning, programming, and budgeting (Schekkerman, 2004)).

With any major project, it is critical to understand the project goals and identify the key priorities and milestones for the project. The strategy for the new initiatives the organization wants to implement will require the following resources:

Information management (IM) is the collection and management of information from one or more sources and the distribution of that information to one or more audiences; is also particularly critical to businesses that work in conjunction with other businesses, so the two must share information with, or transfer information to, each other. In addition, businesses with more than one department or unit can use the MIS to compile information in one central location, thereby preventing information loss.

Constructing and executing a strategic plan is the heart and soul of managing a business initiative. However, various components compel such a plan. In addition, an innovative strategic plan consists of five encompassing steps (Gamble & Thompson, 2011). These elevating steps are developing a strategic plan, setting objectives, constructing a strategy to achieve the objectives and the vision, implementing and executing the strategy, and finally, monitoring developments while evaluating performance and taking corrective actions to repair any setbacks (Gamble, 2011).

Strategic planning can drive the success of any business or organization. (Ferrell, Hirt & Ferrell 2015) All businesses - from the smallest restaurant to the largest multi-national corporation - need to develop plans for achieving success. Any business must have a clear vision for the future of their company. The company and its employees must have a mindset of evolution and forward thinking. This evolution has to be a constant process that all members of the company must be aware of and involved in. If all employees are aware of this vision they are able to provide insight, provide opportunities, and help execute any ideas they may have. Planning must include strategies to develop or restructure different areas of the company.

There are several important benefits that may occur as the result of a successful strategic IT plan. . First, development of a strategic plan should be a rapid process. Professionals should prioritize needs and outline key strategic questions to be answered (Lucas, 2004). Typically a very small team comprised of the CIO and a few senior IT management personnel accomplishes this (Bernard, 2004). Once the priorities are established, a larger team is formed of member representing the various IT departments and interests within the organization (Bernard, 2004). The second criteria, completed by this larger team, is the condensing of detailed, complex material developed over a relatively short period of time into a brief, succinct output that can be effectively utilized by each IT department. Finally, this document should meet the third criteria in that it provides the framework by which additional planning can occur (Strategic Planning for IT: Information Technology Strategies, 2001). Nevertheless, deficiencies of strategic planning do occur. Strategic planning remains an primary dynamic in any company 's success and the nonexistence of a strategy can result in undefined costs such as decreased revenue potential (Pearlson & Saunders, 2010).

4. Formulation of an IS Strategic Plan (roadmap) to evolve an organization’s information resources from their current status toward the desired vision and IT architecture

Enterprise Architecture is a relatively new field which has, in recent years, firmly implanted itself as an increasingly integral facet within information technology (IT) companies. It is meant to provide structure to the company’s IT department through strategic organization of the department’s assets. More specifically, the concept is meant to manage an enterprise’s IT resources in an effort to streamline and organize the laborious process associated with large-scale IT projects and the chaotic environment they foment (Harrell, 2011, p. xii). This is done through a streamlining process that “establishes the organization-wide roadmap to achieve an organization’s mission through optimal performance of its core business processes within an efficient [IT] environment” (Schekkermann, 2006, p. i). The practice effectively builds a schematic for the company and its procedures as it strives to fulfill its operational endeavors.

Evaluating performance and initiating corrective adjustments. This is an important step in the strategic management process because it identifies corrective measures or adjustments that need to be made to ensure the organization achieves the long-term vision and mission. During the evaluation process, leadership must consider both external and internal factors which affect the organizations ability to achieve its long-term vision and objectives.

The technology platform, telecommunications and networking technology, key data and also applications as the main data processing are the basic requirement infrastructure information needed for an organization operates. While plans a balanced strategy with business objectives, information technology design plan and information technology skills in the management of information technology resources will allow firm to respond quickly and effectively to the needs and opportunities that exists when the three components are connected