The Strategy Gap will provide a framework that senior financial managers can use to ensure that their strategies are implemented successfully and that their corporations remain competitive. 1) To analyze current strategies of IT department and give recommendations. 1,310 Crore vs. Rs. Figure HCL Business Model According to the HCL Corporate website, the HCL group offers services and products in the areas of Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and ICT products(HCL- about us, 2010). 8,297 crores (USD$ 1.4 Bn) is India’s Premier Distribution and IT Services and Solutions Company. For organizations like HCL a top-down, requirement driven approach to define strategy is most effective. HCL used the processes to make employees more efficient in so that they can meet the client expectations. In FY14, Services business, consisting of Enterprise and Consumer Services , both part of HCL Services Ltd. (a wholly owned subsidiary of HCL Infosystems Ltd.), achieved 19% Y-o-Y growth in FY14 on the back of strong business traction in the Indian and overseas markets. As a consequence of this restructuring, the hardware enterprise, consumer computing and mobility business are to be wound-down by F14. Because of its wider spread across industries and geographies IT offers organizations unique opportunities to expand business and generate more revenues across the world. The improvement areas are addressed and best practices are implemented to meet the world class benchmarks. HCL Infosystems’ revenue declined to Rs 6,195 crore in 2014-15 from Rs 12,252 crore in 2008-09. ... (SI) business from growth to disciplined execution of existing projects, and revamped the business model of its learning business from a hardware driven asset-heavy model to a content driven asset-light model. Through the partnerships, HCL offered the customers value for money and end-to-end services which improved customer’s time to the market. To achieve this, a ticket-based online system was implemented at HCL called as Smart Service Desk (SSD). HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. The main objective of this program was to keep employees at the centre of every strategy. Strategic Planning and Tactical Solutions – strategic planning helps organization to be ready in advance to mitigate the business impact because of ever changing trends and technologies. Open Source solutions can be modified and adapted to precisely fit specific business needs – something that’s often not possible with proprietary software. After working with two big corporates in North India for six years,Pawan joined HCL in May 1996. The report covers the company’s structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company.Features: Learn how to effectively navigate the market research process to help guide your organization on the journey to success. HCL Infosystems announced its financial results for the first quarter. Get latest HCL Info News/Updates and Results/Analysis. The key feature of this mechanism at HCL was that the feedback was made voluntarily public. Rajiv Rao | Print Edition: January 25, 2009 Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business… The company posted annual net loss of Rs 214 crore for the year ended June.On whether there was any business … Also get HCL Info Share/Stock detailed Information on HCL Info along with top stories and articles on HCL Info during last 6 months. Right Souring & Offshoring Analysis: This area focuses on cultural differences and employee reaction. Enterprise business was impacted by competitive environment and market slowdown,” Rangarajan Raghavan, Managing Director, HCL Infosystems, said. HCL INFOSYSTEMS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2020 ,inter alia, to consider and approve Pursuant to the provisions of Regulation 29(1) (a) of SEBI (LODR) Regulations, 2015, we wish to inform you that meeting of Board of Directors of HCL … E-Commerce & IT Outsourcing Company Reports, Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright © 1999-2020, All Rights Reserved, MarketResearch.com, Coronavirus Disposable Medical Gloves Market Size, Impact of COVID-19 on Hand Sanitizer Market, Detailed information on HCL Infosystems Limited required for business and competitor intelligence needs, A study of the major internal and external factors affecting HCL Infosystems Limited in the form of a SWOT analysis, An in-depth view of the business model of HCL Infosystems Limited including a breakdown and examination of key business segments, Intelligence on HCL Infosystems Limited’s mergers and acquisitions (M&A), strategic partnerships and alliances, capital raising, private equity transactions, and financial and legal advisors, News about HCL Infosystems Limited, such as business expansion, restructuring, and contract wins, Large number of easy-to-grasp charts and graphs that present important data and key trends, Gain understanding of HCL Infosystems Limited and the factors that influence its strategies, Track strategic initiatives of the company and latest corporate news and actions, Assess HCL Infosystems Limited as a prospective partner, vendor or supplier, Support sales activities by understanding your customers' businesses better, Stay up to date on HCL Infosystems Limited’s business structure, strategy and prospects. its value chain and its interaction with the industry value system. Soon after joining HCL Infosystems in October 2010**, Chitale knew that he was heading an ailing company. New Delhi: HCL Infosystems on Monday said its Managing Director Raghavan Rangarajan has resigned due to personal reasons. We've received widespread press coverage since 2003, Your UKEssays purchase is secure and we're rated 4.4/5 on reviews.co.uk. IT governance also ensures that these structures stay on track to achieve their organizational objectives, in addition to implementing ways by which IT performance can be measured and optimized. The main objective of Information Technology strategy is to make sure that there is strong as well as clear bonding between IT development decisions and the overall strategies for organizational objectives and main goals (M. Earl, 1993). IT plays an important role of delivering the organizational goals and objectives to become world-class organizations. Because of HCL Corporate Strategy focus on employees, its employees were able to help customer with innovative and unique services. Simply put, you can use this information to find out if the entity will indeed mirror its model … Defining the IT strategy is not necessarily dependent on corporate strategy. At the organization level, HCL is comprised of two companies – HCL Technologies & HCL Infosystems. “The process of developing superior strategies is part planning, part trial and error, until you hit upon something that works.” -Costas Markides (Professor, London Business School). In IT industry, employees should be able to interact with customers very effectively. Figure Key Strategic Drivers and Inter-Relationships with the IT strategy. As on 18-Dec-2020, the Intrinsic Value of HCL INFOSYSTEMS LTD is Rs. The same framework was later on copied by HCL’s competitors like Tech Mahindra. 2. HCL’s global partners are leading Fortune 1000 firms which are into IT and Technology. Harvard also produced the case study on EFCS strategy. The business has been prudent in its customer selection, business model and working capital management than blindly chasing the growth. Vineet Nayar is the man behind the successful strategies and transformation of HCL technologies. To offer customers unique value proposition as HCL has expertise in implementing and maintaining IT systems. In Phase 2 the Effective Governance Roadmap is defined by using Project Portfolio Management (PPM) tools. IT Governance: It ensures that business strategy is aligned with IT strategy and the business value is achieved. Enterprise Architecture: Focuses on achieving the long term and short term business and IT objectives. 1. Never miss a great news story! -391.06 Read more about HCL Infosystems Q1 loss narrows to Rs 36.86 cr, revenue down at Rs 105.7 cr on Business Standard. Revenue growth of 49% Q-o-Q and 71% Y-o-Y Strong growth in Consumer Distribution due to multi-brand business model Business Highlights Q3 FY18 revenue at Rs. Read more about Covid-19 impact: HCL Infosystems Q4 loss widens to Rs 70.94 crore on Business Standard. For the full year, its loss stood at Rs 136.33 crore, while revenue was at Rs 1,815.17 crore in … HCL Infosystems Ltd is India's premier information enabler and country's leading ICT system integrator and distribution company. In the Phase 2, IT Governance Roadmap is designed. HCL then re-invest the savings which are identified in Phase 1 to build the transformation initiatives of Phase 2. The unique feature of 360-degree feedback mechanism shows that HCL is open to try innovative ideas to reach the full potential of employees. As shown in figure 8, requirements gathered from various stakeholders contribute to knowledge strategy. HCL was bold enough to walk away from deals that did not fit into that framework. Standardization of IT process helps manage the integration management and change management issues. HCL frameworks are very strategic as they take into consideration wider scope of strategy as mentioned in various literatures on strategy. HCL re-invests the savings derived from Phase 2 in to Phase 3 for strategic transformation activities like Application Portfolio Optimization, Architecture Engineering, Knowledge Management, etc. Are organizations various functions linked to IT Strategy? The purpose of this dissertation is to evaluate the use and effectiveness of IT Strategy. Low-cost offshore delivery model and compliance to international quality standards such as Capability Maturity Model Integration (CMMI) Level 5 processes have attracted customer to opt for Indian IT industry over other countries. In real world, it is not necessary that Corporate Strategy will take into consideration all the important drivers. The IT Governance Roadmap takes into consideration associated IT initiatives, various tools to measure performance, planning of initiatives, Business Process Reengineering (BPR) and Information Architecture Design initiatives. HCL is considered as a pioneer of modern computing, and a global transformational enterprise (HCL-about us, 2010). HCL Infosystems Reports Revenue of Rs. The expectation from Phase 2 is to create Value for the organization. 2. To provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. The best strategy decreases threats, exploits opportunities that are available, capitalizes on weakness as well as strengths. Disclaimer: This work has been submitted by a university student. IT Strategy & Planning: Gives big picture and direction to achieve the organizational goals. • To simplify the complex IT systems and IT architecture. HCL Infosystems Limited and/or all of its India and worldwide subsidiaries (hereinafter to be referred as “HCL”) always strive to conduct business in an ethical and lawful manner. Employees were able to decide if the complaint resolution was up to their satisfaction or not. Researcher has observed the strategic goals of HCL as below (HCL- about us, 2010). This phase helps in identifying the quick-wins based on detailed Sourcing agenda. In Phase 3 the focus is on Business-IT alignment. • Stakeholders are the decision makers to choose the technology. In one of the academic journals, Fisken and Rutherford (2002) stated that the business, model outlines how a company generates revenues with reference to the structure of. A., 2008). For the research, researcher has used the qualitative research methods. Organization can be more effective if the time taken to resolve employee queries in these areas are addressed at the earliest. Almost all the IT transformations in HCL are executed or started with this approach. The sale of HCL Services Ltd, which was approved by HCL Infosystems' Board, consists of domestic enterprise services business, the company said in a BSE filing. Please refer to Fig 11, to see the elements that ensure PPM success. IT Governance solutions helps organization to tackle (IT Governance, 2010): • Misalignment between business activities, IT activities and its limited connection to business and strategic objectives, • Prioritization of initiatives, resources and assets across the project portfolio, • Reducing costs while delivering on-time, on-budget, and on-quality, • Portfolio Management – Scenario comparisons, what-if analysis, portfolio lifecycle, • Performance Measures – Balance score cards, KPI metrics, project health indicators, • Resource Management – Allocation/ De-allocation, managing capacity vs availability, • Financial Management – Budgets, charge backs, • Time Management – time entry, approval process, actuals roll-up, • Deployment Management – Roll-outs, configuration management, J. It tries to transform organizations into competitive businesses. All work is written to order. New Delhi, India, January 23, 2015: HCL Infosystems, India's Premier Distribution, IT Services and Solutions Company has announced its financial results for th HCL Infosystems reports … 3. IT Maturity Analysis and Benchmarking: It helps to indentify the maturity level of the organization in terms of processes and IT capabilities. Software Systems (development and Integration). The Researcher has discussed the different elements of business strategy, strategy frameworks and analyzed those with the HCL IT strategy. U & I is an online forum where employees can directly interact with the CEO & were able to ask any question. Even in the recession (year 2009) HCL revenue grew by 23.5%. The Phase 2 initiatives are around Consolidation of Application Portfolio, IT Governance roadmap definition and IT strategy formulation. The purpose of value chain varies from organization to organization. The uptake in revenue was a result of the traction gained from the multi-brand and multi-channel business model. "Raghavan Rangarajan has expressed his intentions to step down from the position of the Managing Director of HCL … 2009). Copyright © 2003 - 2020 - UKEssays is a trading name of All Answers Ltd, a company registered in England and Wales. C:Documents and SettingsBhagyashreeDesktopHCLhcl-snapshot.jpg, The Industry verticals HCL focuses on are (http://www.hcltech.com, 2010) –. But to take advantage of these opportunities, organization must link their IT strategies with business strategies. In the quarter ended September, the company posted consolidated net loss of Rs 45 crore. The output of this strategy actually defines a long-term IT Roadmap of HCL. An in-depth view of the business model of HCL Infosystems Limited including a breakdown and examination of key business segments; Intelligence on HCL Infosystems Limited’s mergers and … Basically the outcome of Phase 2 defines the long term strategic IT roadmap. Read more about HCL Infosystems September quarter loss widens to Rs 83.71 crore on Business Standard. It also identifies the tactical initiatives required to be implemented immediately to control the risks. Looking for a flexible role? Information Technology HCL Infosystems Limited - Strategy and SWOT Report, is a source of comprehensive company data and information. It gave strategic direction to the HCL business growth. Since … Mr Shiv Nadar is the founder and the chairman of HCL whereas Vineet Nayar is the CEO of HCL Technologies. In 2008, HCL launched another initiative “Be the CEO of Your Idea”. We're here to answer any questions you have about our services. IT and Business Alignment, robust underpinning processes, delivery mechanism and quality assurance are important for this model. The value-centric strategy was based on larger multiyear, multiservice, and unique customer-value propositions. Figure Framework for Satyam Mahindra IT strategy, The Mahindra Satyam Technology Strategy group has defined the framework (www.mahindrasatyam.com, 2010) These Frameworks help Mahindra Satyam-. Link (2008) states that the most effective IT strategies comprises of four layers –, 3. New HCL Info MD to enhance e-commerce, tune go-to-market strategy. HCL Infosystems’ has one of the largest sales & distribution network in the country and provides value added distribution for partners including last mile connect and support in marketing and promotions … But later on HCL’s top management decided to focus on employees and generating the value for customers (Transformation Frameworks, 2010). All the feedbacks received were posted on the corporate intranet. Commitment to Business . 14.08 determined based on Median of the 3 historical models. - HCL Infosystems Ltd. launched a consumer friendly Internet appliance (IA) -- Ezeebee. HCL Infosystems has been seeing losses, mainly due to its distribution business. Registered Data Controller No: Z1821391. This strategy aimed to promote value creation in the organization through learning- and knowledge-management. Intrinsic Value based on Median EV / EBIDTA Model : Rs. As seen the figure 10 above, the corporate strategy is expected to be set around the major drivers such as profitability and relationship management, supplier requirements and expectations, legislative requirements, etc. HCL Technologies has expertise in: Microsoft .NET Technologies J2EE Technologies IBM Mainframe Technologies EAI technologies like Tibco, Web Methods MQ and Seebeyond Report generation using Business Objects, Crystal Reports and Infragistics BPO Solutions HCL Infosystems Business Process Outsourcing (BPO) services aim at leveraging technologies to provide and manage an organization’s … Based on quick-wins, a strategy is placed around to figure out the savings (cost, infrastructure, etc). This is not an example of the work produced by our Essay Writing Service. According to M.Greg (2001) & R. Waterman (1980) IT strategy sets out the board strategic directions that are supposed to be chased to close the gap and to balance the information technology capabilities with opportunities and risks. Mr. Premkumar, Executive Vice-Chairman and Managing Director, HCL Infosystems Ltd., commenting on the results said, “The Company’s transformation journey is on course with the new multi-brand Consumer Distribution business model achieving a significant growth in revenue. The Chief Technology Officer (CTO) of an organization or other equivalent person formulates the IT strategy and is liable for implementing it. 3. Every organization irrespective of its size and type needs a way to ensure that its IT is aligned with business. These products and services are provided across major industry verticals as mentioned below (HCL- about us, 2010). According to the HCL Corporate website, the HCL group offers services and products in the areas of Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and ICT products(HCL- about us, 2010). The value chain has been widely used in analyzing the business strategy. 4. Researcher feels that the quantitative methods would have strengthen the analysis of the IT strategies. ‘transformational outsourcing’ which is underlined by innovation and value creation. The major competitors of HCL Technologies are as below (Data Monitor, 2010): • International Business Machines Corporation, • Cognizant Technology Solutions Corporation. We value our employees, … HCL Technologies operates the global IT services business and is into the IT, BPO services and targets global markets whereas HCL Infosystems runs ICT, Hardware and Managed ISP Services for Indian customers. 1st Jan 1970 The first phase focused was given on employee empowerment and engagement through EFCS program (please refer section IT strategies of HCL). HCL workforce has over 62,000 professionals with different nationalities who work from 26 countries. Managers should eliminate surprises in poorly managed or unforeseen activities, while applying new approaches to financial management for faster and more accurate business modeling. HCL, one of India's -- and the world's -- first computer companies, was launched in 1976 by six co-founders. Now-a-days Information Technology is the most important pillar of any IT based organization. HCL Technologies. ‘Vision to Value Framework’ of HCL is fully focused on IT Consulting engagements. 5. The researcher has referred the IT Strategy implemented at Mahindra Satyam to compare the IT strategies implemented at HCL Technologies and identify any gaps in these two globe leading Indian IT companies. Departments such as admin, HR, finance, accounts etc. HCL Infosystems' business is not its future. The volume based business model was susceptible to external threats such as recession, retaining employees, attrition rates, competitors luring employees with higher salaries. Also, the average compounded annual growth rate (CAGR) for Indian IT sector in 2003-08 was 30% (Gajulapalli, et al., 2008). Post M&A IT Integration: The responsibility of this group is to identify and eliminate inefficiencies in the organizations after the mergers. Solutions, remote infrastructure management, Security Consulting, etc 2005 ( Technology Transformation,! Employees at the earliest environment of the organization in terms of processes and IT capabilities interact customers! It was a big shift in core of their businesses of your Idea ” global partners are Fortune. Taken to resolve employee queries in these areas are addressed at the organization level, launched! Is achieved customer Second ( EFCS ) program their ideas on the efficiency... Not fit into that Framework costs down and standardizing the IT strategy transformational ’... Definition by Fisken and Rutherford indicates how the organizations after the mergers costs down standardizing. Unique value proposition as HCL has implemented to two sets of Transformation frameworks the following analyze! About HCL Infosystems Limited - strategy and also provides inputs to Software systems,,. Governance is a trading name of all or some of the u & is., a strategy is not an example of the total revenues in IT industry, accepted! Tried to change themselves feedback and tried to answer upto 100 questions every week organizations future intentions help to IT. 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While defining strategies made more agile and flexible enough to meet the client.... 11, to see the elements that ensure PPM success purchase is secure and we 're rated 4.4/5 on.... Enhance e-commerce, tune go-to-market strategy as seen in figure 10 assistance with writing your essay, our professional writing... Fig 11, to see the elements that ensure PPM success IT OutsourcingE-Commerce IT. He is a leading global Technology company that helps enterprises reimagine their businesses best practices are implemented to meet client. And minimizing risks of misalignment between business and generate more revenues across the world 's -- the... Ict system integrator and distribution company elements that ensure PPM success 're here to answer upto 100 every! Is placed around to figure out the savings ( Cost, infrastructure,.... Consequence of this Phase designing the strategies to support organization ’ s market position roi & business Case analysis roi. 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