Interaction between Information Systems (ISIT) and business strategies Essay

Interaction between Information Systems (ISIT) and business strategies in an Banking organisation - Essay ExampleThe admit will use case studies where a sample size of 10 banks will be helter-skelter selected in London and used for the purpose of study. For data seeion, face to face interview will be conducted with the general manager and the IS manager of these banks. An observational check list will be used to collect education to assess the effectiveness of the model in each bank. Data will be dispassionate over a period of one month. The data collected will be analyzed victimisation simple analytical means of percentages, means and deviation and later subjected to regression analysis. The study will put one over that the sample selected will be a representative of the whole population and that researcher will rock-steady appointments with the managers.With the world turning to a global village, the world financial welkin is under pressure to slit up with the new develop ments. Having been a conservative economic sector confined to their indigenous argonas of operation, banks are lining pressure with increasing competition. Many banks have resulted to expansion strategies in order to serve their customers wherever they give way in this dynamic world. This has posed a challenge to many banks in terms of coordination of its services. Many different banks have resulted to mergers in order to have an international presence. Ideally, all banks have resulted to expansion strategy in one way or another. Due to large area of operation, banks have been faced with a business of coordinating all their braches or merger partners. Banking industry has been in the front line in embrace the ever changing face of information system in order to coordinate their services well. moreover at the same time, many banks have found that embracing information systems may not well out line their services as intended. They have found information system has come up with its feature woes. In some banks it has been found to be too expensive, cumbersome and creating a lot of inconveniences. It has lead to a lot of frauds which has led to losses to many financial institutions. This research aims at investigating how banks are implementing their information system, the reason for turning to information system, and the challenges they are facing in implementation of the strategy. The research hopes to compare information systems strategies in different banks to show models which have succeeded and which have failed in order to provide banks with resource satisfying which they can refer if they want to implement a new IS strategy or to upgrade their lively one.Statement of the problemMany financial institutions have found it difficult to keep up with the changing demand of the banking sector in wake up of globalization. They have been faced with numerous challenges in streamlining their operations and relationship with their customers. Having resulted to new strategies using IS, many of them have found that the systems are not that efficient and they are faced with the same problem of efficiently.Purpose of the studyThe study aims at proving a critical similitude of different IS models that are being used in the banking sector today to provide resources information for the banking sector on the most efficient models as it will have studied. It aims at giving