100%(10)10 out of 10 people found this document helpful
This preview shows page 13 - 16 out of 28 pages.
This includes such process as selection, training and rewards and recognition. Thecompany makes ethics a part of the business’s strategy. They have an ethics program, andthis has a code of conduct that supports employees in making ethical decisions in additionto the business plan and organization vision.Evaluation of the Company Stakeholder Responsibility and the Bottom Line13
MGT497 Strategic Information Technology Plan (Final Paper)The company has many responsibilities due to the customer, vendors and stakeholders. Thecompany will not compromise on safety, environmental issues or customer satisfaction. Theythrive on delivering the best quality and quality product and services within their requirements.This is critical for innovation and meeting the demands for the market. The organization also iswithin the legal liments regarding employment, job security and protecting the environment.McGrath and MacMillion’s Twelve Factors EvaluationAccording to McGrath and MacMillion there are twelve factors for evaluating a firm. Thesix I examine are demand for the product, factors that could block the success ofinnovation, likely hood of strong competitive response, ability to create standards,resources to develop commercialization, and cost consideration in development.Factor 1-Demand for the product- Factors like price, growth andincome effect the demand for the product.Factor 2-Factors that could block the success of innovation– theability for personal factors influence the market. Structure, strategyand resources were the influencing factors at organizational level.Factor 3-Likely hood of strong competitive response– Researchindicates that the factors determine the likelihood that a firm willrespond to a competitive move they are awareness, motivation, andcapability.14
MGT497 Strategic Information Technology Plan (Final Paper)Factor4-Ability to create standards– something established as a rule, example or basis ofcomparison. Management approved expression of the performance threshold, requirements orexpectations.Factor 5- Resources available for commercialization– the act that introduces new goods andservices to market. Factor 6-Cost consideration in development-the cost or the value added in exchange forgoods and services. The cost a business incurs from researching growing underproducing newproducts.When using this model for advancement there are rules set as standards that should beimplemented into your approach. The British Standards Institution crease a reason to show theimportance to have provincial in place for technology advancement. Some of these advantagesare: 1. The product or service will have more of a chance to be integrated into businessframework 2. Decrease the probability of duplication 3. The investors have more faith inyou.The company uses media as a facilitating intuition that offers messages within the operationof constraints of coverage. Using this method has proven effective as the company dependsheavily on the media to reach customers. Using published media and visual media is utilized inthe general advertising of the brand (Dudovskiy, 2015). The internet is the best platform where