Question

9.1 . Describe 10 best practices for managers to identify information technology, regulations, and risk management that must be considered in shaping the structure of an organization. Submit your 10 best practices and place these best practices in the eighth section of your project titling the section Best Practices for Identifying IT, Regulations, and Risk Management to Shape the Organizational Structure. Support your best practices with research and your personal experience.

Answer 1

10 best practices for managers to identify information technology, regulations and risk management in shaping the structure of an organisation is given below-

1) IT should be used to reduce human labor i.e focus should be there on automation. It will reduce labor cost and in turn increase work efficiency eventually.

2) IT should be used to for data privacy as leakage of sensitive data can be harmful for organization's reputation and eventually can damage the business.

3) Manager should always upgrade existing technology and incorporate proven new technology into the system as it will help to sustain in the coming years.

4) Regulation should be logical, strict and applicable to all in an organization to avoid conflict and to achieve every stakeholder's expectation in an organisation.

5) Regulation should not favor any caste,religion etc. to maintain work culture and friendly environment within organisation.

6) Bottom level employee's view should always be considered and confidential to improve the overall improvement of an organisation.

7) Risk Management is most important in any organization to survive and to bring improved profitability in the business. So, every business must have a specialized risk management team.

8) Risk Management system should consider not only present situation but also it should keep in mind the future market scenario.

9) Risk Management must be aligned with government guidelines to avoid any penalty.

10) Risk Management must be aimed at to minimize the risk of business by maintaining the balance between asset and liability and diverse the business opportunity etc. This practices will be eventually beneficial for the every stakeholders in the organization.