Contemporary Developments In Business A Essay
Delicate & Touché ALP could be seen as falling under the latter category. With its taking all the pain such as intensive research and development activities, investing in its people, being attractive enough to accumulate the fresh talent of the respective markets. A remarkable and smart strategy is seen by researches made in emerging markets. This provides a platform where the problems could be realized as have been experienced by the local markets. The point here is devising business solutions for markets that may have extremely different problems form the market where the researches are done, that may not serve the purpose.
Further more lateral acquisitions, diversification such as providing integrated IT and Finance audits intensify the service where the company gains a competitive advantage by serving varied nature of businesses in different industries. Another significant technological development adapted by strategic businesses is ‘digitization’. ‘Digitization is the process that converts information into digital 8 format. ‘(what’s. Com). The process makes information easier to restore, retrieve and share when required.
The professional services offered by the company consolidate this technology offering it through a range of services such as strategy and planning, customers and products, risk management, regulatory requirements, corporate finance. Delicate &
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Governing and exploring business subjects such as Corporate Governance, Corporate Social Responsibility- CARS, Community Investment, Official Professional Service provider to London Olympics 2012, Islamic Finance, Sports Assurance and Governance are directives and drivers of the business in the gloomy economic situation. Conversely, being a part of big four also means to avert the negative impact the credit crunch is laying. The mutating situation leaves the business arena with an anxiety that how and to what extent Delicate & Touch© ALP would cushion unemployment.
The year 2009 has strong predictions of massive Job cut down that again raise the same concern of accommodating the professionals in its wide range of professional services offered. Furthermore, how well prepared is the company to tolerate the impact, in an economy where giants are struggling for their survival. Though the economy would be experiencing a bounce back as analysts foresee, however it’s not expected any soon. Another disillusion may be caused by services and its derivatives offered. Maintaining its reputation needs further investments; the source could soon be a question mark.
Declining business and loans could also be a matter of survival in long run. In context to the current situations, the company could be a subject of merger, acquisition, differentiation of business units as situation may demand. This could both be an opportunity and a weakness that needs a visionary and strategic approach. In case the concerns are executed, the business model that the company claims to be thriving upon would be tested then only. If seen critically, changing trends always influence the business conduct.
An imperative tactic by DOT needs attention here. Back in 2002 when the global economy was sensed to be declining and the prevailing trends were predicted, rebinding and customized approach to its clients was too adapted by DOT. Brannon 9 was the brand that emerged as the result of newly adapted strategy. This provided an opportunity to the company to devise its objectives towards optimizing its services to respective markets. As getting accustomed to the regional needs is a necessity for feeding and maintaining its global image too. Iii.
Recommendations for improvement in the response of the organization The commendations for improvements and or opportunities presented here are in context to technology. The dynamic nature of the business has been broadening its horizons ever since. The business today is a result of responding to changes. Yet an emerging field is of Corporate Governance that aligns the business and IT objectives. Since IT is now a backbone of any organization, its pervasiveness couldn’t be ignored. However, IT should not be stand-alone function. Its integration into business is all what corporate governance talks about.
In this regard Control Objectives for Information and Related Technology- CUBIT is a framework, upon which an organization’s IT infrastructure is suggested to be build so that IT contributes immensely in achieving organization/ business objectives. This framework is yet to be established as a standard. It has tremendous amount of potential to be successfully serving the purpose. Perhaps DOT could offer a platform through which this framework is taken to a next level of developed as a standard which is certified/ accredited by DOT. If this opportunity is availed, DOT would be firmly securing itself during the current recession and ahead o.
Another promising respect is Business Continuity Planning-BCC and or Disaster Recovery Planning- DRP. Arguably, this area has been touched by the company, but its true potential may not have been explored yet. This subject is still to be adapted by many organizations. Compliance to ISO 27001 industry standard for Information Security Management System demands the organizations to have an effective BCC implemented in their organization. Now, since IT is the backbone and information is the bloodline of an organization, compliance to IS027001 is mandatory.
Delicate & Touché ALP posses all potential in terms of expertise to experienced professionals to explore the subject. The company has immense opportunity in these depressing situations where current economy is residing. Declining economy means many organizations are struggling to 10 survive. Since the nature of the business I. E. Management consultancy is all about providing business solution to the clients, many projects lie ahead. Conclusion Dolomite& Touché ALP has been benevolent by creating examples and adapting activities that’s support ‘low carbon economy.
This may not be very relevant to the yep of credit crunch that hits us most these days. However, this could be a classical any promising situations any sooner. Strict measures are too be taken by the company to take on its growth and market share. Perhaps re-designing its business strategy that would help the respective economies to sustain rather recessing could be a smart approach. London Olympics 2012 is a tremendous opportunity for the company and for Britain too. Conceivably, Delicate & Touch© ALP could share its success by expanding its services and creating Job market that subsequently supports the economy. References 11