MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1)

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Welcome to the session on Challenges of Strategic Information Systems.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Objective. In this session, we will understand about the challenges of strategic information

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

system. Introduction. Challenges of strategic information system. The importance of strategic

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

information system. Role in achieving competitive advantage. Enhancing organizational efficiency

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

and effectiveness. Challenges in implementation and management. Need for continuous adaption

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

and improvement. Overview of key challenges. Example. A global retail company uses a strategic

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

information system to gain a competitive edge. This system helps in streamlining supply chain

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

management, improving customer relationships, and enhancing decision-making process. However,

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

the company faces challenges such as high cost and the need for continuous improvement to

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

maintain its competitive advantage. Implementation Challenges. High initial cost and investments.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Complexity of system design and deployment. Resistance to change from employees. Need

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

for extensive training and support. Risk for project delays and cost overruns. Ensuring system

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

scalability and flexibility. Example. A healthcare organization investing in an electronic health

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

records EHR system encountered high initial cost and required extensive training for staff.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

These challenges led to project delays and cost overruns. But the system eventually improved patient care and

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

operational efficiency. Integration difficulties. Integrating with existing legacy systems. Ensuring

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

compatibility with other applications. Data migrations and consistency issues. Real-time data synchronization

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

challenges. Standardizing process across the organization. Achieving seamless workflow integration.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Example. A financial services firm struggled to integrate a new CRM system with its existing legacy systems. Issues with data

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

migrations.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Data migrations and real-time synchronization. Create disruptions in workflow. Requiring additional resources to achieve seamless

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

integration. Security concerns. Protecting sensitive organizational data. Ensuring compliance with data

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

protection regulations. Implementing robust access controls and authentication. Addressing cyber threats and vulnerabilities.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

To protect sensitive organizational data. Maintaining competitive advantage.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

monitoring capabilities. Ensuring operational capabilities. Ensuring data integrity and confidentiality.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Regular security audits and updates. Example. A multinational corporation faced security challenges when implementing a new

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

information system. Ensuring compliance with data protection regulations and addressing cyber threats.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Required robust access controls and regular security audits.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

To protect sensitive organizational data. Maintaining competitive advantage.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Rapid technological advancements. Keeping up with industry trends and innovations.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Continuously improving system capabilities. Monitoring competitive strategies and actions.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Adapting to change marketing conditions. Leveraging information systems for strategic advantage.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Example. A tech company continuously invests in upgrading its information systems. To keep up with rapid technological advancements.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

By monitoring competitor strategies and leveraging the latest innovations. The company maintains its competitive advantage in the market.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Data management challenges. Handling large volumes of data efficiently. Ensuring data accuracy and reliability.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Providing real-time data analytics and insights. Ensuring data accessibility and usability.

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The e-commerce company handles large volumes of customer data daily.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Ensuring data accuracy and reliability.

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Integrating data from multiple sources.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

And providing real-time analytics where significant challenges that required effective data governance policies.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Change management.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Managing organizational change effectively.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Communicating the benefits of new systems.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Engaging stakeholders in the change process.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Overcoming resistance to new technologies.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Providing ongoing training and support.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Monitoring and evaluating change outcomes.

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S… Speaker 2 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Example.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

A manufacturing company implementing a new ERP system.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Faced resistance from employees who were accustomed to the old system.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

By communicating the benefits.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Engaging stakeholders.

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And providing ongoing training.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

The company managed to overcome resistance and successfully adopt the new technology.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Cost management.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Balancing initial investment with long-term benefits.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Controlling ongoing maintenance and upgrade costs.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Managing unexpected expenses and budget overruns.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Demonstrating ROI to stakeholders.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Optimizing resource allocation and utilization.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Implementing cost saving measures.

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S… Speaker 2 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Example.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

A logistic company balanced its initial investment in a new tracking system.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

With long-term benefits such as improved efficiency and cost savings.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Managing ongoing maintenance costs.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

And demonstrating ROI to stakeholders were crucial for optimizing resource allocation.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Innovation and adaption.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Encouraging innovation with the organization.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Adapting system to change business needs.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Leveraging emerging technologies.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Fostering a culture of continuous improvement.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Implementing flexible and scalable solution.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Staying ahead of technological advancement.

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S… Speaker 2 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Example.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

A software company development firm encourages innovation by leveraging emerging technologies.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

And fostering a culture of continuous improvement.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Adapting system to changing building needs.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

And implementing scalable solution.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Help the company stay ahead of technological advancements.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Now let us break for questions.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Verify your learnings.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Question number one.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

What is a common challenge in system implementation?

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Option A. Training.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Option B. Complexity.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Option B. Marketing.

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Option D. Innovation.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

The correct answer is Option B. Complexity.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Verify your learnings.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Question number two.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Which factor is crucial for maintaining competitive advantage?

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Option A. Adaptation.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Option B. Cost.

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Option C. Vendor.

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And Option D. Security.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

The correct answer is Adaptation.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Summary.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

In this session, we have understood about the challenges of strategic information system.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Happy learning.

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S… Speaker 1 (MBA_IM_unit 2_week 4_seq7_Challenge of Strategic in infomation system _Mahesh (1))

Thank you.

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