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