Primary Task Response: Within the Discussion Board area, assist with writing words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas:
Conduct research online regarding the business systems planning (BSP) approach. Describe the BSP approach, and discuss how it is used to develop an information architecture that provides a coordinated view of all data that are needed for the organization. What should information technology (IT) management professionals understand about the BSP approach? How would BSP be used to help a company attain a competitive advantage?
First, an overview:
A business systems planning approach is a pattern of action that develops over time in an organization in the absence of a specific mission and goals, or despite a mission and goals.
Emergent strategy is sometimes called realized strategy. An emergent strategy or realized strategy differs from an intended strategy.
Mintzberg argues that strategy emerges over time as intentions collide with and accommodate a changing reality.
Emergent strategy is a set of actions, or behavior, consistent over time, "a realized pattern [that] was not expressly intended" in the original planning of strategy. When a deliberate strategy is realized, the result matches the intended course of action. An emergent strategy develops when an organization takes a series of actions that with time turn into a consistent pattern of behavior, regardless of specific intentions. "Deliberate strategies provide the organization with a sense of purposeful direction." Emergent strategy implies that an organization is learning what works in practice. Mixing the deliberate and the emergent strategies in some way will help the organization to control its course while encouraging the learning process. "Organizations ...[may] pursue ... umbrella strategies: the broad outlines are deliberate while the details are allowed to emerge within them" (Mintzberg, 1994, p. 23-25; Hax & Majluf, 1996, p. 17).
I created a fictional organization called ABC Corporation as an example.
At their core, every organization exists to provide value for stakeholders. Determining who those stakeholders are and determining how much risk the organization is willing to accept as it "strives to create value" is an important part of enterprise risk management (Flaherty, Maki, et. al., 2004).
Enterprise risk management is a concept used by managers within organizations to identify, assess, and manage risk. Developing a framework to gauge and improve risk management systems is an important task and in response to the cross-industry need for such a framework, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a comprehensive Executive Summary on the topic in 2004.
You can apply the framework of the COSO study to ABC Corporation.
Founded as a corporation almost ten years ago, ABC Corporation currently serves more than 100 students in an after-school program. The ...
The solution assists with conducting research online regarding the business systems planning (BSP) approach.