How Has Business Strategy Changed in the Last Decade with Regard

question 15

Essay

How has business strategy changed in the last decade with regard to IT strategy? What are the effects?

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Definitions:

Transformation Processes

The operations or activities that convert inputs into outputs, adding value in manufacturing or service provision.

Operations Management

The administration of business practices to create the highest level of efficiency possible within an organization.

Quality

How well a good or service meets or exceeds customers’ expectations, or the degree to which a product conforms to established tolerance standards.

Consumer Demand

The desire for particular goods or services supported by the capacity to purchase them.