Choose one of the 5 questions Essay Example | Topics and Well Written Essays - 2000 words

Choose one of the 5 questions - Essay ExampleThe social function of this research paper is to summarize the keep companys strategic plan for the next three to five years. In discussing, this document will describe the companys overall business strategy and IT discussion section strategic plan in ensuring that it align with the business priorities and financial justifications. Further, the researcher will be expression at some of the current strategic issues the company is facing. Business Strategy and Capabilities Medtronic is a global company whose headquarter is located in Minneapolis Minnesota. Historically, the company started developing their facilities in 1967 when the first service center was created in Amsterdams Schipohl followed by Kerkrade located in Netherlands. Today, the company has expanded so much that there atomic bend 18 facilities all over in the world. It is important to understand how the company has been progressing for the past tense years and the main c hallenges that need to be met to achieve their strategic plan. According to Medtronic, Inc, for the past five years, the company has shown a remarkable growth in sales and revenue (Ford, 2013 B). Despite the noted progress, the company has identified a number of challenges that needed to be solved. ... In this case, the IT cost drivers should be considered when establishing the companys strategies and objectives as discussed in the following section. Establishing Priorities Studies show that, Medtronic IT department provides the company with excellent products and services across the globe (Michelson, 2013). To fully succeed in the competitive world, IT departments needs to understand the functional team required and how they can utilize their services to solve the challenges identified. For instance, the IT department needs to develop software that tracks the clinical trial data the company needs to look into China or India since these countries have a high number of graduates st udents each year who are competent and experienced and they would cost the company one quarter of the salaries they would earn in the United States (DeRosa, 2013). Furthermore, this report makes the following suggestion, for the IT department, as a means of solving their challenges. First, the department needs to create a strong IT team that would support and implement the goals and objectives set by the strategy team. on that point is a need to have a team that would conduct analysis that would enhance positive growth in the company and ensure that there is a small group of IT staff that facilitate daily activities (Oppenheimer, 2013). The IT standardization would help the Company to lower costs and provide opportunities to innovate new products. Overall, the IT departments information of the business world would help the company achieve its missions and values. Background Medtronic is headquartered in Minneapolis and was founded in the year 1949. It is an international supplier o f