In a statement, HCL Infosystems said its Systems Integration and Solutions business reported a revenue of Rs 24 crore in the second quarter of FY21, while that from the distribution business … The outcome also helps to align IT portfolio around the projects with business requirements. As shown in Figure 3, IT strategy should also consider the external as well as internal factors which can impact the organizational growth and try to use the Information Technology to use the opportunities available. 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. HCL Infosystems was facing certain challenges in the earlier part of this decade because of transition in its business model coupled with issues like rupee depreciation, high-interest costs and the exit from its computing business. Read more about HCL Infosystems Q1 loss narrows to Rs 36.86 cr, revenue down at Rs 105.7 cr on Business Standard. In the International Market, America being the largest market for HCL accounted for 54.4% of the total revenues in FY2009 (Data Monitor, 2010). All the feedbacks received were posted on the corporate intranet. Launched innovation contest ‘[email protected]’. Please refer to Fig 11, to see the elements that ensure PPM success. 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). The report covers the company’s structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. IT firm HCL Infosystems on Friday reported widening of its loss to Rs 83.71 crore for the quarter ended September.The company had posted a loss of Rs 39.92 crore in the year-ago period, HCL … The value-centric strategy was based on larger multiyear, multiservice, and unique customer-value propositions. 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. The reason behind selecting HCL for the research was that it is IT Services based organization, has very complex organizational structure, is large in size and spread across much geography in the world. 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 … The factors used in evaluation are criticality of the applications, expenses, technology, etc. HCL Infosystems has been seeing losses, mainly due to its distribution business. But to take advantage of these opportunities, organization must link their IT strategies with business strategies. HCL used the processes to make employees more efficient in so that they can meet the client expectations. ... We have made progress on transition of business model to an asset light, IP & services centric business model … Copyright © 2003 - 2020 - UKEssays is a trading name of All Answers Ltd, a company registered in England and Wales. As seen in Figure 7, IT governance puts together the structures which help to align organization IT strategy with business strategy. 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. HCL EFCS strategy was so successful that within the three quarters after launch of the EFCS program, HCL’s worrying attrition rate significantly dropped from 20.4 percent to 17.2 percent and sales rose substantially. Offering the integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. Hindustan Computers Limited (HCL) is $5 billion leading global Technology and IT Enterprise. Enterprise business was impacted by competitive environment and market slowdown,” Rangarajan Raghavan, Managing Director, HCL Infosystems, said. Shiv Nadar founded the HCL in 1976 in Delhi. For organizations like HCL a top-down, requirement driven approach to define strategy is most effective. In order to help clients to enhance business value and transform their organizations into world-class businesses, Mahindra Satyam created the Technology Strategy group which helped clients to leverage Information Technology to gain the business values. Are organizations various functions linked to IT Strategy? are also accountable to resolve employee grievances. Soon after joining HCL Infosystems in October 2010**, Chitale knew that he was heading an ailing company. Researcher feels that the quantitative methods would have strengthen the analysis of the IT strategies. HCL then re-invest the savings which are identified in Phase 1 to build the transformation initiatives of Phase 2. The company is among the leading players in all the segments comprising … As on 18-Dec-2020, the Intrinsic Value of HCL INFOSYSTEMS LTD is Rs. 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. Also get HCL Info Share/Stock detailed Information on HCL Info along with top stories and articles on HCL Info during last 6 months. 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… 5) To understand the outcome of three levels of strategy. 5. The purpose of this dissertation is to evaluate the use and effectiveness of IT Strategy. Assessment of IY Portfolio – is used to do the gap analysis of the current and future state IT architecture. It was a big shift in core of HCL business model. New HCL Info MD to enhance e-commerce, tune go-to-market strategy. HCL Infosystems Ltd. (HCL-INSYS) - News Sector MARKET LIVE: Sensex regains momentum, up 200 points; Bharti Airtel rises 3% 3.16 pm | 21 Oct 2020 | Business Standard 14.08 determined based on Median of the 3 historical models. HCL’s global partners are leading Fortune 1000 firms which are into IT and Technology. The company's board has approved his resignation with effect from the closing hours of March 31, 2020, according to a BSE filing. "Raghavan Rangarajan has expressed his intentions to step down from the position of the Managing Director of HCL … It also oversees the resource allocation, risk analysis and mitigations. To export a reference to this article please select a referencing stye below: If you are the original writer of this essay and no longer wish to have your work published on UKEssays.com then please: Our academic writing and marking services can help you! ROI & Business Case Analysis: ROI (Return on Investment) is important for any investor. To provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. 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. HCL Infosystems Ltd. Stock Price: Get the latest news & announcements of HCL Infosystems Ltd., HCL Infosystems Ltd. Balance Sheet, HCL Infosystems Ltd. Shareholding pattern, HCL Infosystems Ltd. Cash Flow, Stock Quotes, Market Cap, Charts, Annual Financial Statements, Dividend, Net Profit Margin, Return on Assets & Stock Quotes on Zee Business. 2009). HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. HCL defined the new framework which was value-centric. The list of key clients has grown three times in the past four years (Tan S., H. Huntley, et al, 2010). As shown in fig 7, in Phase 1 the customer is engaged in defining the Sourcing Strategy which includes Process, Applications and Infrastructure strategies. Through the partnerships, HCL offered the customers value for money and end-to-end services which improved customer’s time to the market. Our academic experts are ready and waiting to assist with any writing project you may have. By helping employees in achieving their professional and personal growth, HCL was able to get employees active participation in the organizational growth. Mr Shiv Nadar is the founder and the chairman of HCL whereas Vineet Nayar is the CEO of HCL Technologies. Managers should eliminate surprises in poorly managed or unforeseen activities, while applying new approaches to financial management for faster and more accurate business modeling. The Chief Technology Officer (CTO) of an organization or other equivalent person formulates the IT strategy and is liable for implementing it. HCL launched an idea generation portal iGen. As a result, the business inched closer to break-even and turning profitable in FY14. This phase helps in identifying the quick-wins based on detailed Sourcing agenda. "The consideration for … The first phase focused was given on employee empowerment and engagement through EFCS program (please refer section IT strategies of HCL). Get latest HCL Info News/Updates and Results/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 … Besides serving the businesses / operations; he is serving activity the Board of HCL Infosystems & HCL Healthcare besides various other committees of the Board. The need to keep customers remain attached to Indian IT sector has made it essential for IT companies to apply IT strategies aligning with business strategies. HCL Technologies Driving ecosystem-based innovation with alliances. This is very bold step and requires trust in the organization. HCL Infosystems Reports Revenue of Rs. ... (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. 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 following sections analyze the strategies implemented as HCL (Zhang, C., Z. Douglas, et al. 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. Departments such as admin, HR, finance, accounts etc. The main objective of this program was to keep employees at the centre of every strategy. HCL Technologies Limited, is an Indian multinational information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh, India.It is a subsidiary of HCL Enterprise. • Improved knowledge sharing across the organization. Enterprise Architecture: Focuses on achieving the long term and short term business and IT objectives. 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 … Phase 3 involves Application Portfolio Optimization, Architecture Engineering, Knowledge Management, Security Consulting, etc. IT strategy is generally expressed in the form of a IT strategy document that clarifies how technology can be used to link organizations general corporate strategy and every business strategy. According to J. Technology Strategy group oversees the following areas –. This strategy aimed to promote value creation in the organization through learning- and knowledge-management. 8,297 crores (USD$ 1.4 Bn) is India’s Premier Distribution and IT Services and Solutions Company. 1. The strategic shift of focus from manufacturing to distribution and services has a Get instant notifications from Economic Times ... multi-channel business model since January 2017 to expand in the high-potential segments of mobile products. Every organization irrespective of its size and type needs a way to ensure that its IT is aligned with business. It also varies based on the products or services offered. 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-Infosystems is entering the call centre business. Until July 2005, like other Indian IT companies HCL was focused primarily on the volume growth. IT Governance: It ensures that business strategy is aligned with IT strategy and the business value is achieved. 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. 3. In Phase 2 the Effective Governance Roadmap is defined by using Project Portfolio Management (PPM) tools. The aim was employees can think innovatively and post their ideas on the portal. - HCL Infosystems is setting up a managed off-shore development centre at its Noida software development facility for Stratech Systems -- the Singapore-based IT systems and technology developer. Looking for a flexible role? It is an alternative to the performance based bonuses. Assessment of Business and IT needs – helps to create overall organizational IT strategy which takes into consideration both the short-term and long-term business goals. Researcher has observed the strategic goals of HCL as below (HCL- about us, 2010). In 2008, HCL launched another initiative “Be the CEO of Your Idea”. Such initiatives bridge the information gap between employees and senior management. Never miss a great news story! HCL Infosystems is a Distribution, IT Services, and Solutions Company, enabling organizations attain and sustain competitive advantage by leveraging Information and Communication … Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.com. HCL, one of India's -- and the world's -- first computer companies, was launched in 1976 by six co-founders. There can be various reasons behind the failure of IT strategy. After working with two big corporates in North India for six years,Pawan joined HCL in May 1996. HCL Infosystems announced its financial results for the quarter ended June 30, 2017. If observed carefully, the HCL’s Step-Up IT Transformation Framework is based on the Self-Funding Approach. The Research was carried out using the company websites, emai. Simply put, you can use this information to find out if the entity will indeed mirror its model … Basically the outcome of Phase 2 defines the long term strategic IT roadmap. ‘Employee First’ to create a real value for the customers. The Indian information technology services (IT services) industry had seen the growth in revenues since year 2000. This way HCL top management had two way interactions with the employees. (Technology Transformation Services, 2010), While defining the IT strategies, the IT strategists should ask themselves the questions such as –. Application Portfolio Optimization: Helps to decide the applications which need to be replaced or shut down. It also identifies the tactical initiatives required to be implemented immediately to control the risks. Read more about HCL Infosystems September quarter loss widens to Rs 83.71 crore on Business Standard. • Supplier contracts and SLAs are defined properly. Figure Step -Up IT Transformation Framework, (Technology Transformation Services, 2010). HCL was bold enough to walk away from deals that did not fit into that framework. The value chain has been widely used in analyzing the business strategy. For the research, researcher has used the qualitative research methods. Now-a-days Information Technology is the most important pillar of any IT based organization. HCL Infosystems Limited - Strategy and SWOT Report, is a source of comprehensive company data and information. • To create IT strategies which help to solve complex business issues and drive the business growth. HCL INFOSYSTEMS technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. The best Information Technology strategy should concentrate on achieving the business values from the business investment done in Information Technology, and not the other way round by figuring out by how to deliver the business values (R.M Grant, 2005). Based on quick-wins, a strategy is placed around to figure out the savings (cost, infrastructure, etc). The key feature of this mechanism at HCL was that the feedback was made voluntarily public. Study for free with our range of university lectures! In Phase 3 the focus is on Business-IT alignment. Harvard also produced the case study on EFCS strategy. Vineet Nayar executed the transformation in three phases: 1. 3) Analyze the internal/external environment of the company and then evaluate the technical aspects of the company. hcl insys and intel join hands to market e-business solutions. tuesday, march 6, 2001 4:38pm ist (11:08am gmt) We've received widespread press coverage since 2003, Your UKEssays purchase is secure and we're rated 4.4/5 on reviews.co.uk. 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 … HCL Infosystems September quarter loss widens to Rs 83.71 crore The company had posted a loss of Rs 39.92 crore in the year-ago period, HCL Infosystems said in a regulatory filing. He is a finance professional and serves as the CFO of HCL Corporation (holding company of HCL). -391.06 New Delhi: HCL Infosystems on Monday said its Managing Director Raghavan Rangarajan has resigned due to personal reasons. • BPO Services- generated 10.9% of the total revenues whereas. The Phase 2 initiatives are around Consolidation of Application Portfolio, IT Governance roadmap definition and IT strategy formulation. Are these strategies contributing to profitability of the business? The unique feature of 360-degree feedback mechanism shows that HCL is open to try innovative ideas to reach the full potential of employees. HCL Infosystems announced its financial results for the quarter ended June 30, 2017. These factors have made defining HR strategies critical for the business success. its value chain and its interaction with the industry value system. An annual event “Directions” whose goal was to have employee interaction with the CEO and the leadership team the. In 2000, it was $4 billion industry but by the year 2008 it became worth more than $40.8 billion aiding to software and services export. 2. We are committed to Affirmative Action for … 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. The strategy is interlinked with business values of the organization and the key strategic drivers. Moreover Open Source technologies are under … In the second phase, importance was given in forming the strategic partnerships with vendors and other IT companies. Strategist should ask questions such as – what, why, when, whom and how while defining strategies. HCL stressed on the importance of employee wellness as employees are the face of the organization. Also, the average compounded annual growth rate (CAGR) for Indian IT sector in 2003-08 was 30% (Gajulapalli, et al., 2008). After making the feedback public, employees accepted the feedback and tried to change themselves. The level of granularity and sophistication of IT Governance may vary according to size, industry and applicable regulations (IT Governance, 2010). In the Phase 2, IT Governance Roadmap is designed. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. Organization can be more effective if the time taken to resolve employee queries in these areas are addressed at the earliest. This program was implemented over the period of five years. In the third phase, HCL focused on generating the revenues from services where HCL did not had existence. Under the CEO Blog, the CEO posted questions or information on the blog and employees tried to answer or comment. The focus is also on keeping costs down and standardizing the IT process. Registered Data Controller No: Z1821391. 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). He has ample exposure in the international business … This four layered IT strategy could be most effectively used in HCL as HCL has varied set of stakeholders (external and internal) and complex IT organization structure. HCL Infosystems: Idea factory An intense work culture that breeds entrepreneurship and innovation has techies flocking to low-key, and unpretentious HCL. You can view samples of our professional work here. HCL struck the first multimillion-dollar deal with DSGi which is a European electrical retailer. 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). HCL is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. Open Source solutions can be modified and adapted to precisely fit specific business needs – something that’s often not possible with proprietary software. The best strategy decreases threats, exploits opportunities that are available, capitalizes on weakness as well as strengths. 764 Crore in Q3FY17 Distribution business revenue increased from Rs. Because of its wider spread across industries and geographies IT offers organizations unique opportunities to expand business and generate more revenues across the world. o Brings improvement in knowledge across the organization. “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). HCL Infosystems' Premkumar Seshadri, who will replace Harshavardhan Madhav Chitale as MD from next year, is looking to augment the over Rs 7,000-crore IT hardware maker's go-to-market strategy in distribution business and enhance e-commerce presence. 3,738 crore - Mr. Premkumar Seshadri, Executive Vice-Chairman and Managing Director, HCL Infosystems Ltd. , commenting on the results … IT and Business Alignment, robust underpinning processes, delivery mechanism and quality assurance are important for this model. 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