Optimizing Business Success: Developing a Strategic Plan to Implement Emerging Technologies for Positive Impact
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ASSIGNMENT INSTRUCTIONS:
Select and develop a strategic plan to implement one of the specific technologies addressed during this course to a particular business need (i.e., business intelligence, management information systems, decision support systems, emerging technologies, etc.). Your plan should include concepts that have been addressed during the course and provide a course of action that leadership can take in order to positively impact the overall business. Submit your plan in a 3-5 page APA-formatted paper. Be sure to include in-text headings to outline each section of your paper.
You will create a PowerPoint presentation of your plan which will be presented during the live class session in Week 8.
HOW TO WORK ON THIS ASSIGNMENT (EXAMPLE ESSAY / DRAFT)
Introduction:
Businesses today depend more and more on technology to stay competitive in the fast-paced commercial world. As a result, choosing and using the appropriate technology can significantly affect a business’s success. In order to meet a specific business need, we will create a strategic strategy in this paper to apply business intelligence (BI) technology. The plan will summarize the ideas presented in this course and offer leadership a path of action to have a positive influence on the business as a whole.
Need for Business, Section 1
Finding the business requirement that the technology will satisfy is the first stage in creating a strategic plan. In this instance, we’ll concentrate on the requirement to enhance the organizational decision-making procedure. Making data-driven decisions can be difficult for many firms, which can hurt their overall profitability. We can give decision-makers the insights they require to make decisions fast and efficiently by deploying BI technologies.
Section 2: Selection of BI Technology
The right BI technology must then be chosen. There are numerous choices, therefore it’s critical to pick the one that best suits the requirements of the firm. We will compare the costs, usability, and usefulness of a number of BI solutions. After giving it great thought, we will suggest a product that has the features and capabilities required to meet the business need.
Implementation Plan, Section 3
After deciding on the BI solution, we will create an implementation strategy to enable a seamless transition. The following actions will be part of the plan:
Make sure the important parties are included in the process by identifying them.
Make sure personnel are properly trained on how to use the new technology by creating a training program.
Introduce the technology gradually to limit business interruption.
Keep a close eye on the implementation process and make any necessary revisions.
Impact on the Business, Section 4,
Evaluation of the business impact of BI technologies is the last step. To ascertain whether the technology is providing the anticipated benefits, we will monitor key performance indicators including revenue, cost reductions, and productivity. In order to make sure that the technology is fulfilling their needs and identifying any areas for improvement, we will also collect employee feedback.
In conclusion, we can give decision-makers the information they need to make wise choices fast and efficiently by utilizing BI technologies. The actions necessary to choose, implement, and assess the business effect of the right BI technology are outlined in this strategic strategy. We can have a good effect on the organization’s general success by adhering to this plan.
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