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Recommendations of Oman Chamber of Commerce and Industry

Category: Accounting & Finance Paper Type: Report Writing Reference: N/A Words: 400

        In a way to avoid the hazards of using an outdated infrastructure, Oman Chamber of Commerce and Industry (OCCI) should use the strategy to utilize the latest technology by means of latest IT infrastructure that is based on ERP system. Generally, ERP systems are used the parallel record that all the way through a whole business to protect diverse types of information or data for various programmed systems. When ERP system first recognized it was only used for big industrialized organizations. There is a great need to use ERP system software by the organization in order to overcome the hazards.

        It is recognized and well-known software for the development of any organization. It also increases the chances of effective interaction within different departments of an organization through different software. There are many benefits or advantages that OCCI could get by the implementing (ERP) an Enterprise Resource Planning. It could develop or increase the competence of team members of an organization. The latest IT infrastructure decreases the costs of cash and streamlines processes. The modern IT infrastructure may also devour time as it works on an online software system. It produces less chance of breakdown and fault run by organizational members.  IT infrastructure can consume your business at any time, exclusive of having to re-plan your storage capacity or move your storage capability or transfer your private information or data from single software to another.

        By implementing the new sources to face competitive pressure in an organization, it should be vital for the organization to seek the competitive pressure strategically and in result, an action should be taken against opponents in the organization. The strategic policy for the development should address to competition among the providers, financial system of level, possible new competitors, and alternate goods that could intimidate the feasibility.

        Through come a crossing sight at your contestant as possible followers and by generating strategic grouping, you can unlock yourself upbeat to more production and more achievement in your business.

        The rivalry is all over the place. Business trade is reciprocating. But consider the rivalry as a confronting issue for you to get better your goods or services. Analyze and strategize. A good strategy will help you compete with other industry players and ultimately get you ahead in the game.

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