Business technology trends and changes now happen weekly
In order for a company to establish decision-making bodies, define their scope and responsibilities, and create a strategy-centric decision process, a systemic perspective and oversight of decision-making activities concerning the value and risks of business technology is required. Governance and Organizational Design examines how decision-making processes are developed, managed, communicated and deployed quickly.
When technology and business disciplines work together, groundbreaking results can occur. Hoque cites Grameen Bank, a micro-finance institution in his native Bangladesh that teamed with Norway’s Telenor communications company to provide phone service in rural areas. The organization born of the joint venture, Grameen Phone Ltd., developed a program through which poor women in rural villages buy cell phones with a loan from the bank and then sell the use of them on a per-call basis. Through the program, Bangladesh has become one of Telenor’s fastest-growing markets and an exemplary display of technology and business innovation coming together.
As companies have become increasingly more complex but at the same time, more integrated, the need for more cross collaboration and leveraging has become increasingly significant. Developing the right service organization, delivery model and offerings are a key determinant for success. By establishing the specific capabilities required to design, implement and optimize a Shared Services Organization, companies will overcome the many people, process, and technology challenges and achieve competitive advantage in today’s global economy.
Students can prepare for advanced supervisory roles in middle or top management by earning college degrees in executive business administration. Learn to address techniques for successful strategic decision-making, long-range planning, employee relations, developing motivational skills, and more. Top executive business administration schools will cover management practices, organizational behavior, international cultures, political science, law, ethics, and economics, as well as other subjects that shape and impact business environments.
To make that possible, business and technology must work in tandem, and the process of planning a new business model must involve a technology dialogue from the beginning. “You have to say, ‘Here’s the business model, and technology will be the strategy.
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