Corporate strategy and IT investments

While underlying technologies may have fundamentally changed from legacy systems to client-server platforms, the functionality of information technology (IT) to do new things for business has simply expanded. The following set of distinct investment priorities was provided to the corporate responden...

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Bibliographic Details
Published in:Business and economic review (Columbia) 1997-06, Vol.43 (3), p.17-22
Main Authors: Grover, Varun, Fiedler, Kirk D, Teng, James T C
Format: Magazinearticle
Language:English
Subjects:
Brand loyalty
Business enterprises
Business planning
Decision support systems
Economic aspects
Information technology
Investments
Product development
Strategic planning
Studies
Technological planning
United States
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Summary:While underlying technologies may have fundamentally changed from legacy systems to client-server platforms, the functionality of information technology (IT) to do new things for business has simply expanded. The following set of distinct investment priorities was provided to the corporate respondents to a survey: 1. strategic systems, 2. traditional development, 3. decision support systems, 4. infrastructure investment, 5. business process redesign, and 6. maintenance and enhancement. Respondents were asked to rank the 6 IT investments in terms of their importance to the organization. The results of the study show how contemporary organizations prioritize their IT investments. In general, the results indicate that leveraging IT for competing in the market is the major priority of the sample.
ISSN:0007-6465