Business Management Technology

Managing technology is an important element of running a company. It involves planning, organizing and controlling various tasks to achieve organizational goals. Effective leadership, effective communication and strategic decision-making skills are required to fulfill this job. Business management technology professionals use their expertise to supervise every aspect of an organization from operations and finance to human resources and marketing.

Many technology leaders are searching for new tools to help them to meet their IT goals and improve the performance of their tech function. Technology business management (TBM) is a tool that is gaining in popularity. TBM is an approach to optimize IT to help companies achieve their goals, but is not a solution. Its ten elements give managers full visibility into their technology investment regardless of the delivery model or tech stack.

TBM improves the visibility and aligns the technology team with the goals of the larger company. It helps to react quickly to threats and changes in the market. It also helps leaders plan for governance and day-to-day operations. JP Morgan Chase, for instance, has used TBM to align the IT department with its core goals and strategy.

TBM can also help IT executives to manage their costs and provide more value to the company. TBM lets IT leaders to assign their resources based on the real-world impact of business and desired outcomes. They can cut costs without compromising service quality. This strategy shifts IT from a cost center to an enabler of profit.

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