Management Information System Assignment.

The pace at which changes in technologies and digitization occurs influences all aspects
of the society. Like any change that is bound to occur, this aspect presents risk, but also creates
new opportunities (Bertrand et al., 2005). Business observers argue that technological
innovations are one of the most critical factors in transforming a given industry. Management Information System Assignment. More importantly though, it is common for incumbents to enjoy significant advantages and better
technological capabilities as opposed to those of the intruders. However, such trends are
changing. Format invasions are taking shape as new formats are developed and subsequently
adopted hence making transition for incumbents from old to new systems to become a daunting
task (Devezas, 2010). Particularly, incumbents in the banking sector seem to be at crossroads
when it comes to this issue. Management Information System Assignment.
Information technology (IT) has turned out to be a strategic resource in majority of
organizations. Due to this, the management of IT has significantly increased in importance.

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However, as indicated above, the pace at which IT is changing is unimaginable. This change is
increasing the complexity of the challenges facing IT practitioners (Benamati and Lederer,
2001). In fact, previously undertaken studies have hypothesized that IT practitioners deliberately
employ specific coping mechanisms to cope with these challenges. Management Information System Assignment.
Since IT investments are often a subject of new formats, the need to come up with
effective strategies to cope with such changes is important. There are a couple of coping
mechanisms that can be adopted in order to meet the challenges of disruptive technological
changes that may affect say individuals in the banking industry. According to Wolper (2016), not
all is lost though, first, education and training on new formats should be encouraged as such will
equip the workforce with what lies ahead. Management Information System Assignment.Secondly, vendor support should be undertaken as this will ensure personal assistance to end users on matters such as operating systems, programs, and hardware among others. Other equally important mechanisms that can be employed to cope with
such changes include endurance, internal procedures, and consultant support (Richards, 2016).

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References

Benamati, J., & Lederer, A. L. (2001). Rapid Information Technology Change, Coping
Mechanisms, and the Emerging Technologies Group. Journal Of Management
Information Systems, 17(4), 183-202. Management Information System Assignment.
Bertrand, S., Thomas, H., & Nicholas, H (2005). Format Invasions. Surviving Business’s Least
Understood Competitive Upheavals, 40, 1-14.
Devezas, T. (2010). On Phase Transitions, Catastrophes, and Sudden Changes. Technological
Forecasting And Social Change, 77(8).
Richards, D. (2016). Change–Face It! Embrace It!. Journal Of Financial Service Professionals,
70(1), 43-48
Wolper, J. (2016). Quick to Change. TD: Talent Development, 70(7), 22-25. Management Information System Assignment.