ITSM implementation success Assignment Example | Topics and Well Written Essays - 4000 words

ITSM implementation success - Assignment Example The application of this approach also recognizes that the information technology systems cannot work independently without accountability. Appropriate management of the Information technology systems using the ITSM approach also helps organization to discover strategize that can be used to offer the IT services at reduced competitive costs. The ITSM design was made up to respond to the tests that were encountered by medium and small sized organizations in an attempt to adapt an IT model that is centered to the views and opinions customers. This approach has also developed affordable applications that apply expertise skills helping the organization to obtain all the benefits related to ITSM. Most organizations put all efforts and best practices in place to give their customers the goods and services yet they do not reap the maximum benefits from their activities in relation to their efforts (Leonardi, 2007). These organizations fail to get all the benefits because they do not implemen t the appropriate cost effective approaches in their activities. The traditional practices in return consume more resources in terms of capital, labor and time. As compared to the traditional operation management practices, the ITSM approach reduced the operational costs greatly mainly due to the use of advanced information technology systems as well as applying expertise skills in the use of the approach. Another major aim of the application of Information Technology Service management approach is to enhance the delivery of IT related services to customers based on the process oriented approach. This involves examining and optimizing all services provided to the customers to ensure that they meet the interest and the values that the customers require. ITSM introduces the focus on the delivery of end to end services by applying the best practice process models while the traditional approaches focused on managing on Information technology as a stack. ITSM also aligns the IT services with the new changing trends of the organizations. Some of the changing patterns and emerging trends in most organizations include the size or the organization, advancement of the IT systems change of the organizations goals and the change of the organizations goals and visions. For an organization improve service delivery to their customers, some factors should be considered. These factors include quality planning, efficient project management and commitment by the staff to service delivery and the involvement of the organization in providing Information Technology systems. The ITSM approach similarly helps the organizations to effectively plan and create strategies that enhance quality planning as well as improve the service delivery to customers. Quality and strategic planning which is enhanced by the ITSM approach is the ability of the organization to collectively have control and manage the future and destiny of the organization. Project management as a factor for enhancing ser vice delivery to the customer is defined as the formal approach to changes in the organization such some of the projects organizations may be involved in include system development, procurement and implementation and cultural changes among others. According to Van, B. J et al (2008) Information Technology Service Management (ITSM) has gained popularity in both public and

Framework Essay Example | Topics and Well Written Essays - 750 words

Framework - Essay Example Lastly, I would take part in the procedure of reviewing the results of the market campaigns (Tranter et al, 2006). I am a detail-oriented individual and having this attribute could help me see unobvious opportunities and share it with the company aiming at creating an appropriate compliance and integrity framework to support innovation in solutions, processes, and products in a highly regulated world. I have a believe that all of these concepts will be tremendously useful in my CP (Uysal & Fesenmaier, 2001). However, I think I will not use the marketing plan concept since the organization has already put their marketing plan into action, but it will assist me to identify how it functions. The organization's culture centers on the workers wellbeing (Belch, G. E., & Belch, M.A., 2009). The organization strives to see that employees get secured, and contented knowing that all the fulfillment issues will be addressed and that there will be no pessimistic penalties for those who raise con cerns. The core of a robust compliance culture is an effective mechanism that permits employees to speak up, and raise actual or potential compliance concerns in a non-retaliatory environment so that they may be referred faster and effectively (O’Guinn et al, 2008). ... It was formed under the Royal act jointly between the government and the individuals of the state. At first, the government owned 50 percent of the total shares, when the corporate showed hard work and dedication the government gave ten percent of the shares to the workforce. This was intended to encourage other industrial sectors to add more effort to their activities. This corporation is located in the republic of Saudi Arabia. It has grown by ten percent current value in the fertilizer industry. It is, therefore, predicted that the fertilizer production in Saudi Arabia is going to grow in an alarming rate following the organization of this Saudi Arabia Fertilizer Company. Four other companies in this state have ventured in the production of Fertilizers and hence Saudi Arabia Fertilizer Company is facing stiff competition from these competitors (Canwell, 2004). The business world at present is facing several issues that impacts on their performances. Business corporations have expe rienced stiff competition forcing them to invent new ideas that are different from their competitors and get preferred by their customers. Therefore, managers need to be creative to evade this challenge. Another issue is security and privacy. Companies all over the globe are being challenged by the improved technology, which forces to adapt to the system to improve their security issues (Jansson, 2008). The external stakeholders including the customers, the workforce, and the government play a very significant role in the company. Without them, the company cannot prosper and be successful. Therefore, corporation is devoted to offering clients high quality products that meet their needs and expectations. Any risks associated with the company’s products, have the capacity to destroy

B202 Accounting & Finance Essay Example | Topics and Well Written Essays - 2000 words

B202 Accounting & Finance - Essay Example While analyzing the company financials certain parameters were kept in mind. The analysis is conducted in two segments .The first segment would focus on the comparison of financial ratios of the company among different periods. The later segment would be of the comparison of company financials vis a vis the ratios of the respective industry. The ratios those would take part in this analysis are briefly portrayed below. While calculating for the above ratios ‘revenue figures’ represents ‘sales’.Net profit margin ignores the profit those are paid out to its debt investors as interest and because of it, this ratio is not so effective while comparing between firms having different capital structures . The liquidity ratios come next. It’s very much important for a firm to keep a certain level of liquidity in its portfolio, so that if needed it can lay its hand on the liquid assets. These ratios may change rapidly as its components i.e. both the short terms assets and liabilities can get easily changed over time periods. Current assets consist of cash and other assets which can be turned into cash within very short period of time. Firm’s current liabilities consist of payments which is payable in near future. Thus current ratio tells us how much current assets is available to cover up the current liabilities. Some assets are closer to cash more than other assets. In difficult times, these more liquid assets can be used to repay the current liabilities. These kinds of assets mainly consist of cash and cash equivalents, short term securities and receivables from customers. Thus quick ratio is measured as The table below takes care of the liquidiy ratios. Though the current ratios had dropped by a certain amount in 2006 but thereafter the company has taken care of the same. This is very much visible by the stable growth in current ratio from