A firm that must invest in new information systems capabilities in order to comply with federal legislation can be said to be investing to achieve which business objective?

Question

Soren Curry

Business

29 December, 20:03

A firm that must invest in new information systems capabilities in order to comply with federal legislation can be said to be investing to achieve which business objective?

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Answers (1)

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Siena Mueller · Answer 1

Survival

Explanation:

One of the main goals or objectives of a business today is to survive. Survival as a goal can be as a result of legislation or business and environmental demands.

Survival is the ability of an organisation to maintain its share of the maket, competitveness as well as its earning capacity.

Other organisational objectives include: Growth and diversification, stability, organisational efficiency, prestige and recognition.

For an organisation to survive, it must strive to be different, positively different and this will include compliance to legislation (as stated in the question), continous market (SWOT) analysis and execution of new plans. This strategies will require if the need be, investment in new equipment, assets or even the training and recruitment of worker.