Lecture Business management information system - Lecture 11: Information systems planning. In this chapter, the following content will be discussed: critical success factors, competitive forces model, the five competitive forces that shape strategy, porter three strategies competitive forces, five forces analysis of the internet,. | Information Systems Planning Lecture 11 Today lecture Stages of Planning continued Electric Power Research Institute Case example: Linkage Analysis Planning CASE EXAMPLE Scenarios on the Future of IS Management Critical Success Factors 2. Critical Success Factors In 1977, Jack Rockart and his colleagues at the Center for Information Systems Research (CISR), Sloan School of Management, at the Massachusetts Institute of Technology (MIT), began developing a method for defining executive information needs. It focuses on individual managers and their current information needs, whether factual or opinion information 2. Critical Success Factors Conti The CSF method has become a popular planning approach and can be used to help companies identify information systems they need to develop For each executive, critical success factors (CSFs) are the few key areas of the job where things must go right for the organization to flourish. 2. Critical Success Factors conti Executives usually have | Information Systems Planning Lecture 11 Today lecture Stages of Planning continued Electric Power Research Institute Case example: Linkage Analysis Planning CASE EXAMPLE Scenarios on the Future of IS Management Critical Success Factors 2. Critical Success Factors In 1977, Jack Rockart and his colleagues at the Center for Information Systems Research (CISR), Sloan School of Management, at the Massachusetts Institute of Technology (MIT), began developing a method for defining executive information needs. It focuses on individual managers and their current information needs, whether factual or opinion information 2. Critical Success Factors Conti The CSF method has become a popular planning approach and can be used to help companies identify information systems they need to develop For each executive, critical success factors (CSFs) are the few key areas of the job where things must go right for the organization to flourish. 2. Critical Success Factors conti Executives usually have fewer than 10 of these factors that they each should monitor. CSFs are both time sensitive and time dependent. These key areas should receive constant attention from executives, yet CISR research found that most managers had not explicitly identified these crucial factors. 2. Critical Success Factors conti Rockart Four sources for these factors: One source is the industry that the business is in. Each industry has CSFs relevant to any company in it. A second source is the company itself and its situation within the industry. Actions by a few large, dominant companies in an industry most likely provide one or more CSFs for small companies in that industry. 2. Critical Success Factors conti Furthermore, several companies may have the same CSFs but, at the same time, have different priorities for those factors. A third source of CSFs is the environment, such as consumer trends, the economy, and political factors of the country (or countries) in which the company operates A prime example .
