Modeling Information Systems for Technology Strategy Formulation
14 Pages Posted: 21 Oct 2016
Date Written: October 20, 2016
In today’s business scenario, strategic decisions rely to a very large extent upon critical and precise information needs. However, this information itself is plagued in its divergence and often overlapping. As such, this study attempts to sort out relevant information in formulating technology strategy from a system point of view. It seeks to explain present information systems in business organizations and identifies information needs in different decision areas in technology strategy formulation. Furthermore, it looks into technology strategy dimensions and their interdependence that provide a premise for modeling information systems of an enterprise. A context diagram has been developed based on dimensions of technology strategy formulation for better discernment of information. Finally, the study suggests a comprehensive model of information systems for technology strategy formulation consisting of info-input, info-process, and info-output.
Keywords: Information Systems, Technology Strategy Formulation, Technology Acquisition, Technology Fit, Competitive Positioning, Organizational Settings, Technology Content Addition
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