Professional Documents
Culture Documents
Presented by
Name Sobrata Halder S.M.Ashraful Alam Md.Motasim Billah Md.Tarikul Islam Taqdir Hossain ID ID# 05-005 ID#05-017 ID#05-075 ID#05-076 ID#05-077
To be discussed
INVESTMENT IT INVESTMENT COMPETITIVE DIFFERENCES RELATIONSHIP BETWEEN IT INVESTMENT AND COMPETITIVE DIFFERENCES KEY FEATURES OF COMPETITIVE DIFFERENCES WHEN IT INVESTMENT IS MADE COMPETITIVE DYNAMICS HOW TECH IS CHANGING COMPETITION THE ELEMENTS OF SUCCESSFUL IT-ENABLED PROCESS PROPAGATION THE ROLE OF DECISION RIGHTS MAXIZING RETURN ON TALENTS SELECTION & MAINTAINANCE OF TALENTS COST & RETURN ON TALENTS IT SURVIVAL FOR THE FITTEST CONCLUSION
Investment
In finance, the purchase of a financial product or other item of value with an expectation of favorable future returns. In general terms, investment means the use money in the hope of making more money.
In business, the purchase by a producer of a physical good, such as durable equipment or inventory, in the hope of improving future business
Investment
An investment is purchasing capital with the desired outcome being profitable returns. Profits can come in the form of income, appreciation in value, capital gain, or interest.
Placing of money or capital in something that gives returns, as interest or income, or appreciates in value or an instance of this
IT Investment
This term is total different from the definition of Investment. It does not mean to invest capital in IT based farm in a desire for a handsome return. It means to convert a traditional business process into IT based process so that this new process can yield much more productivity that will eventually raise profit. So, IT investment is the cost of infrastructure development of a business farm that will return more profit.
Competitive Difference
It means the competitive advantages one business farm has, the other business farms dont have. The core item or element of business process that is unknown or not copy able by the other business farms. In a word, In real world business competition which element makes a difference in terms of productivity, market gain, profit, etc. among the farms is called a competitive difference.
Dont be confused
IT investment does not make digital product but digital process. IT Investment does not mean that all processes are IT configured. Overabundance of new technologies is not fundamental concept of IT investment but to digitalize only that process which will improve traditional process more widely and increase productivity.
>Apply IT to all locations: Suppose one company is adopting their ERP in their Dhaka HQ or branch but not to the other locations. Then Dhaka branch will develop but not the others. So IT should be applied to all of the places simultaneously.
Thank You