Question
In 2004, J.P. Morgan Chase & Co. canceled the remainder of its seven-year, $5 billion IT contract with IBM and opted to bring its own
In 2004, J.P. Morgan Chase & Co. canceled the remainder of its seven-year, $5 billion IT contract with IBM and opted to bring its own IT talent back in house. The bank made the decision to terminate the contract, initiated in 2004, following its acquisition of Bank One Corp. J.P. Morgan stated that, with its merger with Bank One, it would have the ability to manage its IT infrastructure internally and more efficiently than through outsourcing. "We believe managing our own technology infrastructure is best for the long-term growth and success of our company," said CEO Austin Adams. Considering the size, history, and sensitive data of a company like Chase, would you recommend outsourcing for Chase? Explain.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started