INTRODUCTION
Open Text Corporation is a technological company that was incorporated in June 1991. The company is designed to provide benefits by maximizing the value and reducing risks through their two main data management products, Enterprise Resource Planning (ERP) and Enterprise Information Management (EIM). The programs they offer allow businesses the ability to view every aspect of their data while increasing the quality of the information and integrating various interfaces through a single platform. Open Text Corporation believes that a good information strategy results in a good business strategy (Enabling The Digital World pg.6). Each individual business has various issues that may occur and they must assess what needs to be done to eliminate or resolve the issues within the internal and external environments. As there is no way to determine the internal issues from this perspective, the external issues will be the focus, but they are no more important than the internal issues. The organization will also have a mission statement discussing what the business encompasses. Every business is set up in various ways and will have different policies regarding social and ethical aspects.
CORPORATE MISSION
Open Text Corporation provides software products that help businesses and organizations find, share and utilize information in productive and efficient ways. The programs address the issue of expansive growth in information platforms. This allows businesses to utilize
Companies & Businesses without a vision are like a human looking into despair. Centering their focus on achieving their goals is priority for most companies. Evaluating the business from different standpoints can be crucial. Businesses are evualted on external and internal basis to indenfiy any outlying factors. More so internal factors are those that are dealt within the company. Being able to identify strengths and weakness within the company help leaders plan for unforeseen circumstances. Majority of internal factors particularly weakness if not taken into analysis disrupts the business not only internally but externally. Being able to distinguish the strength and weakness in the company can prepare the business for new venture and new
In business, it is important for companies to be able to communicate effectively. Each department of a company relies on the other departments as they add to the value chain. One way for a company to integrate its different departments is enterprise resource planning. ERPs are software programs that allow companies to join together data across operations on a company wide basis (Jessup and Valacich 248). ERPs store company information in a common database and allow all departments to access it from one central location (Koch). Companies without ERPS may contain many legacy systems, each operating with different
Identify elements of the external environment and internal resources of the firm to analyze before formulating a strategy.
An internal management review of an organization has uncovered many serious issues which lead to block internal and external strategic relationships creation as well as result in poor general awareness in organizational goals, values and ethics.
33 8. What strategic issues need to be addressed? 34 9. External environmental analysis 35 10. Internal environment analysis 60 11.
Analyze whether the vision and core values are in alignment with and supportive of the organization’s
The internal business perspective takes an in-depth look into the structure of the company and how we conduct business (M.U.S.E., n.d.). One goal within this area is to improve the efficiency of our products. The more efficient our product becomes the happier our customers are. This performance measure is often determined by reviewing the number of products that are returned with quality issues (M.U.S.E., n.d.). Another goal at SAC is to keep our product cost as low as possible. This is achieved by turning over our inventory often.
Read the following case study and critically analyses the situation and write a report in while outline the issues and problems faced by the organization’s members. Describe how you address them. Justify your answers and give detailed reasons for your intended actions.
The main problems of the organization were that the company set strategies to achieve objectives that weren’t focused in the core business and set without considering how many resources and skills does the company would need to reach them, focusing their efforts in processes or products that didn’t add value to the company and decreasing the profits of the
To begin with, Chapter two covers three important aspects of the business world which are competitiveness, strategy, and also productivity. These particular aspects are very important for any company to succeed in the world of business. With that being stated, any type of firm such as a manufacturer or a service provider, they must employ these three aspects because they play an important role in growing revenues. For an organization to even be considered successful, they must have a competitive advantage which leads to a strategy that will meet the company’s goals, while having the knowledge-ability to help produce the goods and services in a cost effective manner. Also, it is known that most organizations have a single state called the Mission Statement. The mission statement basically summarizes these three aspects of a company. One question that the Mission Statement should address is, “What level of business are we in?” This mission statement is categorized as the absolute basis for the organizational goals.
In this, an organization is being studied in its totality and both its internal and external variables are analyzed.
The main concerns are based on different views of the future and basic beliefs and values of the company and the society.
To assure the success of a business over a long period of time the business must be able to conduct regular analysis of their success. They must be able to determine where they are today and have a goal of where they would like to see themselves 5-10 years down the road. In order to conduct a true analysis of the company, one must complete an environmental scan of their organization. Thus scanning for events, trends, issues and expectations that they may be faced with in the future. Furthermore, examining all internal and external environment challenges. Internal environmental challenges may be with employees, shareholders or board of directors or the overall culture of the organization. External environmental
Microsoft is at the most critical cross-roads of their history today The long-standing leadership they had in operating systems has been successfully challenged with open source client-based and server operating systems including Linux and other distributions. Open source is now the single biggest strategic threat to Microsoft's multibillion-dollar revenue stream (Microsoft Investor Relations, 2012). Secondary threats are emanating from the growing dominance of social media and the exploding growth of Twitter, Facebook, Foursquare and other social networks that are challenging their position in collaboration software (Bernoff, Li, 2008). Their recent acquisition of Yammer for over $1B has also given the company a much-needed improvement in collaboration and social media software development (Microsoft Investor Relations, 2012). These aspects of operating system software, collaboration and social media software are showing stable growth and a scalable platform for future growth.
The internal environment consists of the inherent competencies of the firm and the structure of its internal systems and processes. It is imperative for the organization to conduct an internal analysis