Question

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

Answer 1

Answer and explanation:

Economic factors are those who influence the fluctuations of the economy. Among those factors we can identify interest rates, tax rates, law, policies, wages, and governmental activities. At the corporate level, in the Information Technology industry as in any other, those factors determine what decision entrepreneurs will take to conduct their businesses. Indirectly what investment managers will decide to choose, what the salary of the employees will be, what the size of production could be, and to what market the product could be offered.

Answer 2

The unstable economical factor affect on the development of the IT strategies. The economical condition also vary with the results which is basically depend upon the company product and services.

Due to weak economical factor, it become risky to the business in terms of economical growth, inflation rate and interest rate as these all are very important during the decision making process.

The economical factor are basically interlink with the political factor also. Interest rate also play an important role in the economical factor as it help in the growth and development of the company.