inaccurate market data sent to consumers, and the data that CGTC uses in conducting systemic risk evaluation in swap markets. The company has been unable to adapt to the changes in the banking industry, including the mandated regulatory changes as well as the expected chanes in the global economy. Lastly, based on the technological factors, the United States regulators noted that Deutsche Bank’s antiquated technology contributes to its constant submission of inaccurate information, which inhibits efficiency in business operations and response to regulators. The organization has had poor technological systems since its previous mergers with different businesses. It failed to integrate the technologies of these mergers or update them, thus resulting in incompatible technology platforms and software programs. The ineffective technology system has made it difficult for Deutsche Bank to share information and contributed to poor swap data
Deutsche Bank 4 reporting. Moreover, the bank had outdated technology and poor information systems that might have contributed to the 2008 financial crisis. 2. What was the role of information technology at Deutsche Bank? How was IT related to the bank’s operational efficiency, decision-making capacity, and business strategy? (25 marks) Operational efficiency is a critical component in global organizations such as Deutsche Bank. It covers various strategies and approaches taken by an organization in achieving objectives such as enhancing quality, cutting costs, saving time, and increasing profits. Therefore, operational efficiency is based on aspects such as resource utilization, production, distribution, and inventory management (Kokemuller n.d.). Organizations with greater operational efficiency are more profitable because they generate higher returns at a lower cost. Information technology plays a significant role in facilitating decision-making by providing accurate and up-to-date information as well as other analytic functions (Markgraf 2019). Mahasneh (2015) notes that information systems assist and support the decision-making process in organizations by providing reports to ensure that the information required for decision-making is delivered promptly. Watkins (2007) defines business strategy as the set of guiding principles that, when communicated, integrated, and adopted in the organization, lead to better decision-making. In this regard, the business strategy covers the aspect of decision making and the allocation of resources to achieve critical objectives. The role of IT at Deutsche Bank involved the assessment of risks, spotting employee misconduct, and untangling assets bought and sold by the company to determine the underlying value. Nevertheless, the bank's IT was ineffective in enhancing its operational efficiency, decision-making, and strategy. The bank, like any other global company, had gone through mergers and expansion over the years. However, with the decades of mergers, Deutsche Bank
Deutsche Bank 5 failed to integrate the information systems of the businesses it acquired.
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- Spring '19
- elvis theuri
- Management, Deutsche Bank