Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Stanley Lynch Investment Group The Stanley Lynch Investment Group is a large investment firm headquartered in New York. The firm has 12 major investment funds,

Stanley Lynch Investment Group
The Stanley Lynch Investment Group is a large investment firm headquartered in New York. The firm has 12 major investment funds, each with analysts operating in a separate department. Along with knowledge of the financial markets and the businesses it analyzes, Stanley Lynchs competitive advantage comes from its advanced and reliable computer systems. Thus an effective information technology (IT) division is a strategic necessity, and the companys chief information officer (CIO) holds a key role at the firm.
When the company hired J. T. Kundra as a manager of technology, he learned that the IT division at Stanley Lynch consists of 68 employees, most of whom specialize in serving the needs of a particular fund. The IT employees serving a fund operate as a distinct group, each of them led by a manager who supervises several employees. (Five employees report to J. T.)
He also learned that each group sets up its own computer system to store information about its projects. The problems with that arrangement quickly became evident. As J. T. tried to direct his groups work, he would ask for documentation of one program or another. Sometimes, no one was sure where to find the documentation; it might turn out to be stored in an obscure place such as only on someones flash drive. Other times, he would quickly get three different responses from three different people with three versions of the documentation. And if he was interested in another groups project or a software program used in another department, getting information was next to impossible. He lacked the authority to ask employees in another group to drop what they were doing to hunt down information he needed.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: John E. Anderson

2nd edition

978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986

More Books

Students also viewed these Finance questions

Question

What is the purpose of a firewall?

Answered: 1 week ago

Question

What is the difference between a CPU and a GPU?

Answered: 1 week ago

Question

What are the various principles of material handling ?

Answered: 1 week ago

Question

Explain the process planning.

Answered: 1 week ago