The Indian information technology services (IT services) industry had seen the growth in revenues since year 2000. • Supplier contracts and SLAs are defined properly. HCL frameworks are very strategic as they take into consideration wider scope of strategy as mentioned in various literatures on strategy. The major competitors of HCL Technologies are as below (Data Monitor, 2010): • International Business Machines Corporation, • Cognizant Technology Solutions Corporation. 1) To analyze current strategies of IT department and give recommendations. HCL Infosystems' business is not its future. For analysis Information Technology strategies implemented at one of the leading IT companies in India, HCL Technologies are compared with the IT strategies of other Indian IT companies. The expectation from Phase 2 is to create Value for the organization. Technology Strategy group oversees the following areas –. 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. Vineet Nayar is the man behind the successful strategies and transformation of HCL technologies. In Phase 2 the Effective Governance Roadmap is defined by using Project Portfolio Management (PPM) tools. The unique feature of 360-degree feedback mechanism shows that HCL is open to try innovative ideas to reach the full potential of employees. Assessment of IY Portfolio – is used to do the gap analysis of the current and future state IT architecture. HCL Infosystems has been seeing losses, mainly due to its distribution business. its value chain and its interaction with the industry value system. HCL Infosystems Ltd on Wednesday reported Rs 685 crore revenue for the first quarter (Q1) of the 2017-18 fiscal, registering 17 per cent sequential decline from Rs 823 crore a quarter ago. Thus Phase 1 designs a Vision for IT organization like HCL. Premkumar, Executive Vice-Chairman and Managing Director, HCL Infosystems Ltd., commenting on the results said, “The planned focus on the Enterprise Business has been maintaining its growth course while in the Consumer Business we are steadfast in our transition from single-brand to a multi-brand business model. IT plays an important role of delivering the organizational goals and objectives to become world-class organizations. The Researcher has discussed the different elements of business strategy, strategy frameworks and analyzed those with the HCL IT strategy. The interesting thing to understand is that even though an organization is not completely Information Technology based, there are some departments in the organization which in one or other form expect IT to provide service that meets all their needs (Hofer C. W. & Schendel, D., 1978). Similar to the Step-Up IT Transformation Framework, HCL’s Vision to Value Framework is divided into three Phases: In the Phase 1, the strategy has a key focus on business and IT alignment. This strategy aimed to promote value creation in the organization through learning- and knowledge-management. 1. Asymmetrical information occurs when customer has better idea of expected services than the company providing products or services. Are vendors going to support organization’s IT strategy? Such initiatives bridge the information gap between employees and senior management. We value our employees, … 3016 Crore in FY2018. The level of granularity and sophistication of IT Governance may vary according to size, industry and applicable regulations (IT Governance, 2010). It is an alternative to the performance based bonuses. Registered Data Controller No: Z1821391. Mr Shiv Nadar is the founder and the chairman of HCL whereas Vineet Nayar is the CEO of HCL Technologies. 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). In IT industry, employees should be able to interact with customers very effectively. The Researcher used the qualitative research method for studying the IT strategies of HCL and compared those with other Indian IT companies. The first phase focused was given on employee empowerment and engagement through EFCS program (please refer section IT strategies of HCL). 8,297 crores (USD$ 1.4 Bn) is India’s Premier Distribution and IT Services and Solutions Company. A. 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. 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. The decline of the PC business hit the company the hardest, along with a dip in the fortunes of Nokia (now a part of Microsoft ) – one of HCL… Please refer to Figure 6. The Research was carried out using the company websites, emai. Vineet Nayar executed the transformation in three phases: 1. Get instant notifications from Economic Times ... multi-channel business model since January 2017 to expand in the high-potential segments of mobile products. VAT Registration No: 842417633. Mahindra Satyam is the main competitor of HCL technologies. If you need assistance with writing your essay, our professional essay writing service is here to help! - HCL-Infosystems is entering the call centre business. 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