Essay on Analysis of Maxtrade Case - 1567 Words

Analysis of MaxTrade case MaxTrade seems to have lost any IT strategy it once had. They have a fractured IT department that has been mismanaged and has no direction. There are so many problems that it would seem difficult to grab a handle and get the IT department back on track. Fortunately the situation is so bad the temporary CIO can work on a blank slate to organize, prioritize, develop and lead the department. Getting the department on the right track includes the following next steps: Strategy- Decide on an IT strategy that will be followed but allows some flexibility as technology and needs change. Set up goals and define objectives for the IT department that align with overall company objectives. Review these objectives†¦show more content†¦Align these objectives with those of the company and the IT department. Vendors- Vendors want MaxTrade to be a success. The best vendors will spend considerable effort and resources to make sure their products are a success and MaxTrade can be a referenceable customer †¢ Reach out to the strategic vendors and partners and include them in MaxTrade IT strategy †¢ Include vendors in troubleshooting efforts. Open lines of communication so key MaxTrade IT employees have direct contact with vendors †¢ Have open and honest communication with vendors concerning what is going good and bad with their products Other Departments within MaxTrade- Have open communication with other strategic departments †¢ Meet regularly with other departments’ heads- Sales- HR-Accounting-Marketing-Customer Service-Institutional trading-RA-Client Services to communicate IT strategies and projects. Gather feedback from other departments regarding current needs. Be sure that all departments are aware of an IT strategy and that all future projects and initiatives must fall within this strategy. †¢ Get updates on what is working andShow MoreRelatedMaxTrade Case study 1458 Words   |  6 PagesPage 51 MINI CASE IT Leadership at MaxTrade Richard Fanning surveyed his home office gloomily as he pondered the disaster before him. He’d just completed a month’s worth of factfinding on the state of IT at his newest client, MaxTrade, and he was beginning to realize just how deep the company’s IT problems were. As an IT turnaround specialist, Richard was often asked to take on difficult CIO positions on a temporary basis, and he was used to facing management challenges, but MaxTrade (if he tookRead MoreBusiness Information Systems Management ( Bus5bid )2467 Words   |  10 PagesInformation Systems Management (BUS5BID) Semester 2, 2016 Assignment Part 1 – Mini Case Study IT Leadership at MaxTrade Team and contribution Shilpa Jain 18868992 Question 1 B. Nimesha H. Tissera 18393247 Question 2 Manisha Shakya 18835834 Question 2 Rahil Mehtha 18831670 Question 3 Literature Review MaxTrade is a brokerage firm, with Bruce Robinson as its CEO. It provides research and analysis, institutional training, investment banking and some other types of trading accounts