Pros and cons of outsourcing IT security Essay Example | Topics and Well Written Essays - 1250 words

Pros and cons of outsourcing IT security - Essay Example In this paper IT related outsourcing shall be dealt with in relation to various pros and cons that it has on a big company. Proponents of this mode of operations have put forth quite a number of the advantages that befall a major company. They have argued that for contemporary management the question should not be on whether to outsource or not but how much to outsource as IT related functions are many and some may pose huge challenge or more security risk than others. The following are some of the major advantages that a major company will face: A large company’s IT department is usually huge and having many projects to run. At times these departments are regarded as contributing to the organisation less than they consume. Huge IT departments are cumbersome to operate and outsourcing will ensure that the company is able to operate in a better way than before as argued by Frank (2009). Outsourcing firms also offer consultancy on how to best handle internal controls and in this case in relation to IT related operations thereby in the end ensuring that the company is in a better position to control its IT functions. Outsourcing in many cases acts as a cost cutting measure and with the current trend for many large companies to go the downsizing way, it has become a popular avenue. Outsourcing leads to a company needing less staff, less space and time says Tho (2005). This in totality brings efficiency in the general operations of the company. A large firm will most likely refer its IT functions to a highly competent vendor thereby ensuring high quality IT services. This high quality is coupled with lower costs as bulk contracts attract better contractual deals. The IT sector is one that is quite volatile and as time passes new technologies emerge. These advancements at times can be quite rapid that the company may not be in a position to adopt it as fast. This may be related to financial constrains or

Analyse the scenario given and produce a report detailing your Essay

Analyse the scenario given and produce a report detailing your response to the below changes in business environment - Essay Example Keeping all these facts in mind the business environment on a macro level looks prosperous for the young entrepreneurs. The location of the business is at Seaford road which is a populous suburb of east Sussex with a population of over 23000 people and is home to educational institutions. Hence the key USP aligns with the local community aswell. Condition of The Business: The current cash flows of the StudentPizza Ltd are lower than what was estimated initially. The business has yet to return a turnover which was expected even after 5 months. Although the key point which they had identified while opening the business was quite valid and relevant that Students love pizza and keeping this in mind opening a restaurant with the target market as students was quite relevant. Working on their USP by attracting students and making it exclusive for students they have been able to retain students as their loyalist but have only managed to attract few customers from the locality. Also they are running out of investment and capital to run the business as the business has not returned profits as expected for 5 months. SWOT ANALYSIS, RECOMMENDATIONS AND STRATEGIES A detailed analysis of the business and its environment, strategies pertaining to them along with recommendations for executing these strategies is mentioned in detail in this section. Strategy Assessment: In order to asses, whether a particular organizational strategy is suitable for an organization it is important to conduct a SWOT analysis. The SWOT analysis points out the strengths, weaknesses, opportunities and threats of the organization in question. To assess how effective an organizational strategy would be, it is very important to conduct a SWOT analysis. SWOT analysis is an overall strategic planning methodology. It is used to assess a strategy from the point of view of its strengths, weaknesses, opportunities and threats. It involves the business environment and the business objective of a particular pro ject and how internal and external factors will help achieve those objectives. The technique was developed by Albert Humphrey. He led a convention during his stay at Stanford University in the 1960s and the 1970s. He incorporated data from some Fortune500 companies. A SWOT analysis usually begins with clearly defined state and objectives. Strengths: In strengths it is checked which attributes of the company will help in achieving the desired objectives. The strengths of the company are many. It targets the student population for junk food and they tend to be the most willing consumers for the same. The initial investment in the idea isn’t much. The timings of the outlet are very lucrative and so is the location of the chain a very ideal one. Weaknesses: In weaknesses it is checked which attributes of the company will be harmful in achieving the objectives. The outlet faces stiff competition from other more established outlets. The sales continue to suffer and the promotional strategy is weak at best. Opportunities: What opportunities will work in favor of the desired objectives? There are various opportunities that can capitalized on by the firm. Firstly, it needs to come up with a more aggressive promotional strategy and reach out to all students. Capitalize on social media, come up with flyers, posters, ad games and various other ways to promote and attract customers. Secondly, negotiation with the suppliers to bring