Final answer:
Organizations install enterprise systems to reduce business costs, differentiate from competitors, and improve overall performance, which are efforts that align with strategic business investments for growth and efficiency.
Step-by-step explanation:
Organizations install enterprise systems for a multitude of strategic reasons, which include but are not limited to:
- Reducing costs of conducting business by streamlining processes and improving efficiency
- Enhancing the ability to differentiate themselves from competitors by offering unique services or improving customer relations
- Improving performance across various departments by providing a unified platform that allows for better data management and decision-making
Firms often make strategic investments, such as in technology, to spur future growth and profits or to maintain a competitive edge by becoming more efficient, acquiring new product lines, or expanding their market reach. This underscores the varied motivations that can drive a company to integrate an enterprise system into its operations.