"Strategy Methodology" Please respond to the following:

timer Asked: Aug 22nd, 2014
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Question Description

Analyze the impact of economic factors on the development of IT strategy decisions at the enterprise level of the organization

Tutor Answer

School: UIUC

1) High interest rates also deter companies from investing in new capital and expansion . On the other hand falling interest rates can stimulate industries to grow , take bolder and risky decisions . 

2) The it industry will change its focus based on the growth . if the growth and economy is growing at a slower pace then the any new ideas wont be use . decisions taken would be based on stabilizing of company during such tough times and not on bringing in new ideas . 

3) Loss of innovation occurs if economy is weak as it is sacrificed for the sake of sustainability whereas if economy is growing innovation is given top priority . 

4) If economy experiences slowdown then project cancellations may take place which in turn over a long term ( say in a year if the situation remains same ) may cause layoffs as the company has to take decision and make ready a future strategy . But if the economy is looking great there will be more hiring and higher salaries and management will be bullish about the opportunities and will take calculated risks . 

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Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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