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Business & Strategy

 
Started by : Jagbir Singh, Senior Consultant, Ernst & Young   11 30 2008 08:59:09 +0000
Industry : Management & Strategy ConsultingFunctional Area : Performance Management(People Management)
Activity:  10 views;  last activity : 07 06 2010 20:18:09 +0000

While the market grabbed attention past couple of months, the underlying concern is that a global economic slowdown, fueled by a credit crunch, could cut companies’ revenue.  And, given the potential for the economy to slow quickly, IT leaders must engage fellow execs and business-unit leaders directly. Otherwise, people assume a big-dollar project just has to get done.

What else should business technology leaders do amid economic uncertainty?

 
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1 Honestly assess the company’s attitude toward IT.
2 UNCERTAINTY = DEMAND
3 Not the same old drill.

Honestly assess the company’s attitude toward IT.

idea posted by Jagbir Singh Senior Consultant, Ernst & Young
Is IT a competitive advantage, where spending can help with business problems related to tightening credit and cash flow? Since many companies see IT mostly as a cost to be contained in a slowdown, IT management needs to roll up their sleeves and highlight the ROI for software projects.
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UNCERTAINTY = DEMAND

idea posted by Anil Kumar Singh Senior Consultant, GKC
I think, the bottom line is UNCERTAINTY = DEMAND.  The uncertain economy only increases the demand on IT. Closer collaboration has been the mega trend of business technology this decade–embedding IT into the fabric of business processes, and forever erasing the line between “IT and the business.” Leaders can’t let this economic slowdown, whether it proves mild or fierce, set back that progress.
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Not the same old drill.

idea posted by Sudeep Tarafdar Senior Consultant, IBM
Three to five years ago, options such as cloud computing and software as a service didn’t exist hence start evaluating new and disruptive technologies now, in case a tougher economic climate forces spending cuts and new approaches.
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Nice insight Sushant........i really liked the last point the "What ifs"....thanks for sharing the article.......
I do agree to Akhilesh but if look at the logistics side I would say that IT and Operations are hard hit with competing demands when it comes to B2B eCommerce and effective supply chain management. These departments are stretched thin trying to manage...
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