IT Governance lays special emphasis on the system of information technology, along with the performance and risk management of the IT infrastructure in an organizational context. The primitive focus of IT Governance is the assurance of the fact that investment in the Information technology infrastructure is contributing to generate business value and at the same time lessen the potential risks pertaining to the Information Technology. This objective is attained by adequate maintenance and implementation of an organizational configuration with properly allocated role of information technology governance. IT Governance is scrutinized in relation to how the IT model generates value that goes hands on with the overall corporate governance strategies in an organization.
IT Governance
Importance of IT Governance
IT Governance refers to a framework to enhance the efficiency of the managerial processes in an organization. It is generally regarded that the efficiency of the Information Technology in an organization is yielded by the appropriate IT tools utilized; the determination of the IT tools to be used in an organization is the basic task of the IT Governance.
Precisely the importance of IT Governance is described as a structural interaction of organizational resources complemented by occasional control and proper direction so as to ensure the attainment of organizational goals, primarily by adding value and at the same time balancing the associated risks by effective utilization of IT tools under prudent IT Governance. IT Governance further specifies the decision making authorities and the framework of accountability that induces advantageous behaviors and actions so as to encourage desired IT outcomes (Luftman null03).
Over a period of few decades IT Governance has taken a central position in organizational settings. As a matter of fact effective execution of organizational objectives cannot be accomplished without IT intervention, timely delivery of goods and services, designing new products, maintaining employee efficiency, analyzing the trends of business cycle are all dependent on the IT-based tools as regulated by the IT Governance of an organization.
Importance of IT Governance for Effective Management of Micro Environment
The Intervention of effective IT Governance to manage the micro environment refers to the effective methods and IT related tools to process the feedback and performance of internal and external customers. Additionally the IT tools for managing the relationship with suppliers and tracking the performance of the competitors can bestow organizational performance and subsequently business success and goodwill in the micro environment of the business (Rathmell, Daman, O'brien, and Anhal null01).
Importance of IT Governance for Effective Management of Macro Environment
The micro environment of the organization has greater impact on the organizational success. In contrast to the micro environment the macro environment is not in control of the organization. The government regulations, government policies as well as the economic fluctuations are not in the direct control of the organization. But yet the degree of effect produced by the macro environmental factors is much more in intensity and effect (Williams, and Williams's iii).
The IT Governance can help an organization to overcome the negative consequence of the macro environment fluctuations by tracking the records and by maintaining the data trends of the industry so as to enable the decision makers for effectively evaluating and forecasting the future trends and taxation issues.
How IT Governance Facilitates Corporate Governance?
Corporate governance is the overall business criterion that develops the organizational policies, culture, customs and the mission of the organization. This…
IT Governance and How it Helps Sustain and Extends an Organization's Strategies And Goals IT governance refers to the accountability frameworks and decision rights used to encourage desirable conduct relating to the use of information technology. It is viewed as a system used to ensure information technology decisions take into consideration the objectives and strategies of an organization (Moeller, 2013). This aids the company to ensure that key decisions conform to
The need for continually creating and updating the security techniques and technologies involved in an enterprise system is the ethical responsibility of the IT professional. In order to successfully protect the information and intellectual property assets of a firm, an IT professional also needs to make a personal commitment to stay as current as possible on existing and future technologies (Pemberton, 1998). This commitment needs to be supported by the
It is possible to avoid becoming a victim of such crimes through some basic precautionary methods. Firstly, it is essential to store or discard personal information in a careful manner. This means personal documents should not be left lying around or shared through internet. All personal information should be stored in a secure place. All sorts of old receipts, expired cards, bank statements and checks should be disposed of
Information Technology -- Annotated Bibliography Information Technology Baker, N. (2011). The Borderless Enterprise. Internal Auditor, August, 28 -- 33. This article endeavors to explain the various trends in digital media. The author contends the use of digital technology is evidence of a deeper trend and shift in global culture. The article is as philosophical as it is technical. This article could be considered a technical article or a philosophy of technology article. Durkee, D.
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The company's consistent top line revenue growth also illustrates it has been successful in transforming its supplier network into one that operates more on knowledge, less on purely price or product decisions. As a result the company is capable of competing more at the process level and less at the purely price-driven one (Reese, 2007). In terms of the company's factors for success, the greater opportunities is to move into
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