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Two Different Ways of Innovating with Information Technology

Decent Essays

Two Different Ways of Innovating with Information Technology

The New York Times and Boston Scientific :
Two Different Ways of Innovating with Information Technology 1. As stated in the case, The New York Times chose to deploy their innovation support group as a shared service across business units. What do you think this means? What are the advantages of choosing this approach? Are there any disadvantages?
Shared services have long been seen as a supporting unit for the rest of the business with limited impact outside of the bottom line. However, companies and directors of shared services face mounting pressure to make significant contributions other than to the bottom line.
Growth and innovation, two of the most critical …show more content…

Hence the rationale for shared services can be summarized as the need organizations to : • Align accounting services with the busniness strategy • Eliminate non value added activities • Streamline administrative processes • Reduce costs • Obtain consistent information across sites and countries • Free up resources for core business operations • Increase efficiency and effectiveness in non core processes The growth of shared services is increasingly linked to the broader restructuring of businesses along the global lines and the need to establish solid platforms for rapid global growth. Typically, drivers for implementing shared services are often related to costs, quality, speed, dependability and flexibility.
Disadvantages :
The decision-making process is longer and more complex. More people are involved in the decision-making process, representing different facets of the business. 2. Boston Scientific faced the challenge of balancing openness and sharing with security and the need for restricting access to information. How did the use of technology allow the company to achieve both objectives at the same times? What kind of cultural changes were required for this to be possible? Are these more important than the technology-related issues? Develop a few examples to justify your answer.
The company seek out software that allows the broader

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