Perhaps no other department in your company has as far-reaching an impact as IT. From the computers on every worker’s desk to your master sets of customer data, IT commands a presence across all other departments and employees.
Because of this omnipotence, you want IT to play a strategic role in your company, not a tactical one. That’s why it pays to focus on your technology department and its people as you prepare your company for a merger or sale, says Ultra Consultants.
Investments in technology and technology processes can improve your business in a number of ways, including:
Improving your IT hardware and processes allows your company to increase overall business performance in ways it may be hard to fully picture at the outset. For instance, new technology may help you better integrate operations or reveal new sales opportunities when separate databases are merged.
If your technology department plays a strategic role in your business, it also tends to reduce the mistakes inherent in one-off processes and ad-hoc decisions that result when there’s a lack of transparency in the business’s data.
So, how do you begin to expand and deepen the role of IT in your company?
Before you can move your technology team from a tactical to a strategic role, you must first assess the current state of affairs. This will require you to:
Next, you need to judge where your IT department lies on the business maturity scale. Does your technology department operate at Level 1, or a strictly tactical, “keeping the lights on” mode? At this stage, your IT department remains constantly reactive, meaning resources are managed, expertise is added, and problems are solved after an issue crops up.
Even if your business is more mature, makes proactive data-driven decisions and runs according to establishing performance metrics, there’s likely still room for improvement.
To move your technology department into a fully strategic role within the company, you should consider hiring an IT executive with experience building an information technology center of excellence. You want your IT team to eventually be capable of leading enterprise resource planning and support all aspects of the business from the earliest planning stages to final execution.
For your IT department to support the company’s vision, they’ll probably need new tactical skills and competencies so that they’re capable of aligning IT with your organizational strategy and creating greater operational efficiencies. This will require investments in professional development for your IT staff so that they can drive future business requirements.
If this all seems too overwhelming or expensive, remember that improvements in technology can reduce the time it takes for a company to benefit from its investments, maximizing ROI even further.
Get more tips about improving your IT department using our IT Due Diligence Check List.
By Jessica Johns Pool.
© 2018 Generational Equity, LLC. All Rights Reserved.
it all started with a conference.
start your story today,
speak directly with one of our senior advisors +1-972-232-1121
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
By submitting my name electronically and clicking the “submit” button, I understand that I am providing Generational Group, Inc., Generational Equity, LLC, Generational Capital Markets, LLC, DealForce LLC, their affiliates, representatives, contractors, etc. (“Generational Group”) my telephone number, which may include a number that is wireless and/or a number that is on a national, state, or other Do Not Call registry or list. I hereby consent and agree to receive telephone calls including any autodialed and/or pre-recorded telemarketing calls and/or text messages (telemarketing) from or on behalf of Generational Group at the telephone number provided. I further consent and agree that telephone calls may be made using automated technology such as an automatic telephone dialing system, artificial or prerecorded voice, or SMS text messaging. Consent is not a condition of purchase. I further warrant and represent that any telephone number provided is not on any state or national Do Not Call Registry and that by agreeing to these terms and conditions that if any number provided is on any such registry, I hereby consent and agree to receive telemarking calls and/or communications including any phone calls, text messages, URLs, links, emails, etc. to the telephone number(s) and/or any e-mail addresses provided. I understand that by entering my name in the electronic form provided, that I am signing my name as equally as if it was my handwritten signature and that it is my intent to provide an “electronic signature” as that term is defined in state and federal law, as well as industry practices for e-commerce.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Success, you have been added to our list.