Description of Company
With the changes in technologies and ramified economic growth, each and every organization is inclined towards using the advance technologies and system process to keep tis business ahead from those of others in industry. The advance and innovative technologies assists in developing effective outcomes and creating core competency in product differentiation leadership strategy. It is analyzed that all the strategic decisions are taken by the managers with a view to strengthen the overall outcomes and efficiency of the business in long run. It is analyzed that information technology is the key enabler to strengthen the overall satisfaction level of clients and improving the overall functioning of organization. This assignment focuses on the aftermath of incorporating technologies and system process in the Woolworths Company and how it has resulted to alteration in organization’s management aspects.
It is major Australian company which is indulged in offering the extensive retail interest group operating its business in Australia and New Zealand. It is the biggest retail store organization. The current share price of Woolworths is traded at WOW (ASX) A$ 28.54 +0.30 (+1.06%) which reflects 30% high increment in its share price since last three years. Currently company adopted the cyber computing enterprises resources planning in its business system to establish automation in its value chain activities and extend its business units to cover online business functions.
With the changes in time, information technology is vastly becoming a key lever which management could use to deliver the operational benefits by reducing the costing of the process, avoiding the possible losses in the process and gaining more market share. The main role of the information technology is to focus on setting up the automation in the process. This will allow organization to eliminate several manual works and strengthen the overall outcomes in effective manner (Fard, and Lafvat, 2015). It is analyzed that if company could use this information technology in its process then it will dramatically change the undertaken work program especially in the retail business process. For instance, in case of Woolworths, managers need to set up the online payment circle for its clients so that they could use their debit cards, credit card and other card less payment modes. It will allow company to strengthen the overall outcomes and focus on satisfying the clients more. It is further analyzed that the logistic supply chain management will also be benefited by the undertaken information technologies. It is analyzed that company could use the cyber computing enterprises resources planning in its business process to gather the required data. This will also help management to prepare the effective strategic decision making such as expansion, restructuring or changes in the board management (Fathi, and Khani, 2017).
The organizational management aspect focuses on the long term growth and business sustainability in determined approach. All the managers and directors are inclined towards strengthen the business functioning of Organizaiton so that it could satisfy clients and grab more potential clients. After analysing the annual report of company, it is found that management of company focuses on setting up strategic alliance with other organizations so that it could strengthen the overall outcomes and grabbing more clients in long run. It is further observed that management of Woolworths is undertaking several cost cutting activities with a view to create core competency in its cost leadership strategy (Hornstein, 2015). Company has used the potential market strategic approach by entering into strategic alliance, following employee retrenchment strategy and focusing on changing the capital structure of company. The management of company has followed the traditional approach to cut down the cost of its business. This has allowed company to lower down the cost of its production to the certain limit. Nonetheless, with the changes in economic and technological factors, the management of company focuses on setting up the advance technology system. In the earlier time, management used several strategic assessment tools such as balance score card approach, BCG matrix, and top down approach (Benitez-Amado, Llorens-Montes, and Fernandez-Perez, 2015). Nonetheless, by using the advance technologies, management started using the big data analysis tool which gather ample amount of information to analysis the present and future data. For instance, if it wants to customize its products and services offered to clients then by using the big data analysis tool they could easily determine the values, culture, belief and industry factors. This will assist management to determine the possible changes in the value chain activities to customized its offered services as per the needs and demand of the clients. In addition to this, by using the information technologies and cyber system in its process, it will lower down the overall costing of the business process but also strengthen the overall business sustainability in long run. The organizational management is changed towards the advancement of the business and satisfying the clients by keeping business more ease for its clients (Landy, and Conte, 2016).
Role of Information Technology
It is acknowledged that the use of IT (Cyber computing enterprises resources planning) in strategic management help in diversifying the organizational processes, tasks, nature of work and undertaken strategic approach. The creation of core competency in cost leadership and product differentiation strategy is one of the main outcomes of adopting the advance technology. The strategic management of Woolworths focuses on formulating the long term strategic planning of organization and achieving the strategic objectives and goals in effective manner (Barros, et al. 2014). The management of Woolworths could use Cyber computing enterprises resources planning in their strategic planning process to identify, gather and analysis the data, formulating the trend analysis, mitigating the complex issues and threats and setting automation in the process to create synergy in business (Naranjo-Valencia, Jiménez-Jiménez, and Sanz-Valle, 2016). This will keep the business of the company ahead from those of other rival in market and will also strengthen the market share in long run. Currently, the strategic management of company is dependent upon the traditional strategic management tools which could be used by organization to analysis and evaluate the internal and external business factors. By using the Cyber computing enterprises resources planning, management could formulate their strategies on the basis of big data analysis and regression factors derived from the gathered ample information. It is analyzed that information technologies enables management to be more competent and efficient while taking the strategic decisions (Barry, and Wilkinson, 2016). It allows them to handle complicated tasks and information in best effective manner so that they could take more successful decisions in the best interest of organization. It is further analyzed that one of the significant benefit of using the information technology is related to gather the large amount of data and information related to internal and external business factors (Gyekye, and Haybatollahi, 2015). This information is used, analyzed, measured, aggregated and displayed in a particular shown format which helps organization to make imperative decision and strengthening the overall outcomes in effective manner. By using the Information technologies in the strategic management, board of directors could not only analysis the data but also use the trend analysis to identify or estimate the future results and outcomes (O’Reilly III, Caldwell, .Chatman, and Doerr, 2014).
It is analyzed that Woolworths Company has been facing issues related to complexity in its business process. Nonetheless, management of organization has also faced high strategic loss due to the weak strategic planning. It has been analyzed that if management could use the Cyber computing enterprises resources planning then it would help them to undertake the big data analysis. The big data analysis is the most effective assessment tool to identify the issues and problems by gathering and analysing the ample amount of information which would help management to determine the effective strategies to mitigate the possible issues and threats to business (Paulin, and Suneson, 2015).
There are several another top benefits of using the Cyber computing enterprises resources planning in the process system of Woolworths (Sangar, Hesar, Asl, and Tahmores, 2015).
- Strengthen the future sustainability.
- Flexibility in the undertaken value chain activities.
- Highly secure, resilient, secure infrastructure
- Increased business outcomes centralised business to make process more customized.
- Setting up the automation in the process to strengthen the business outcomes.
- Reducing the costing and set up advance strategic planning process for management
- Increase the effectiveness of the strategic assessment tools of the management to analysis the undertaken strategies of the business (Bryson, 2018).
Organizational Management Aspects
These above given information has shown how Cyber computing enterprises resources planning could be more useful to make business more competitive and effective in this ramified business functioning (Scott, et al. 2015).
It is analyzed that the main impact of Cyber computing enterprises resources planning will have significant effect on the organizational structure, jobs and responsibilities of employees and undertaken training and development department of organization. The strategic management will be more automated towards the undertaken business strategies and organization could easily improve its existing process system. The main changes would be bifurcation in the assigned jobs to employees. The process of communication and automation in the value chain activities will be major changes which will be seen in the value chain activities of organization. The management of Woolworths could also make the changes of the supervision in the different department of organization. It will enable previously separated tasks to be reoriented within the firms and enables all the employees to set up effective coordination and communication with each other in effective way (Wixom, et al. 2014).
The main advantage or changes of implementing of Cyber computing enterprises resources planning would be related to creating more opportunities for employees and management. It will set up strengthen communication process for employees and management with each other and also assist in creating the synergy in the process system. Management could easily lower down the cost of the process and value chain active ies by advancing the process system of organization. Management of Woolworths could also use this Cyber computing enterprises resources planning to set up an effective online big data analysis tool to formulate strategic planning. It will allow company to easily gather the required information and implement the effective strategies in effective approach (Wu, Straub, and Liang, 2015).
Conclusion
There are several pros and cons of adopting the Cyber computing enterprises resources planning in the business functioning of Organizaiton. However, every company needs to analysis the cost and benefits associated with this newly adopted information technology in organization. If the associated cost of installing new Cyber computing enterprises resources planning is less than the benefits which it will provide to organization then this technology should not be adopted. Ideally, Cyber computing enterprises resources planning is adopted by big listed companies where complexity is high and process is cumbersome. It is considered that in case of Woolworths, management wants to make its strategic planning more associated with the advance technology and system process which could easily identify the issues in the strategic management. Now in the end, it could be inferred that with the advancement of technologies if management wants to pave with the competitive environment then they will have to adapt their strategic planning with the advanced technologies. It will not only make the strategic planning more effective but also strengthen the overall outcomes in determined approach.
References
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