Portfolio Workbook Assessment for Fossil Group: IS for Competitive Advantage, Strategy and Innovation

Portfolio Workbook
Assessment

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................2
Fossil group- IS for competitive advantage, strategy and innovation.............................................2
IT portfolio of the group..............................................................................................................2
Capabilities of platform or technologies......................................................................................2
Limitations of platform or technologies......................................................................................2
Competitive advantage in the 'wearables' industry based on the IT portfolio.............................2
Organisational changes required to innovate Its wearable lines of products...............................2
Fossil Group- Business processes and Models for Digitisation.......................................................2
BPM initiative for wearable products..........................................................................................2
BPMN model online ordering process for a smart wearable.......................................................2
Value chain, business processes and process architecture...........................................................2
Corporate Systems...........................................................................................................................2
Products and clientele of the Fossil Group. IS used by company including functions and
features. .......................................................................................................................................2
Customer support through CRM..................................................................................................2
How an ERP system can support the company's vendor and other functional area...................2
Brand served by the Fossil Group ...............................................................................................2
Information shared between the Fossil and brand illustrated by PRIDE system.........................2
Challenges faced by the Fossil Group in developing IS in a highly competitive digital
environment.................................................................................................................................2
Design an organisation wide plan to manage and develop IS.....................................................2
CONCLUSION ...............................................................................................................................3
REFERENCES................................................................................................................................3

INTRODUCTION
Information systems refers to the hardware and software systems which support
applications of data intensive (Dean, and Dice, 2021). It is a formal as well as socio technical
organisational system which designed to gather, store, process addition to distribute data or
information. It is a software which helps to organise along with analyse data to use it for as a
base of raw material to make effective strategy for innovation. To define the concept of
Information system the selected company is Fossil Group which a Fashion company. It was
established by Tom Kartsotis in 1984 which deals in watches, electronic Wearable and many
more.
This portfolio highlights an integrated theoretical and practical knowledge about IS
Approaches which incorporate business development, strategy, competitive advantage, digital
innovation and decision making. Further, it covers business processes and models for digitisation
as well as corporate systems.
MAIN BODY
Fossil group- IS for competitive advantage, strategy and innovation
IT portfolio of the group
IT Portfolio refers to applications, information technology systems, human resources,
information resources as well as infrastructure in order to developing addition maintaining
information technology system. Fossil Group is an international marketing, design, innovation
and distribution company which creates variety of watches, accessories as well as wearables with
many biggest brand across the world (Doeze Jager‐van Vliet, and et.al 2019). The Fossil Group
has 30000 plus distribution channels across 150 nations, including 450 organisation owned retail
stores. The latest innovation of company is Fossil Group launch hybrid smartwatch technology
by evolution of their products and adding more innovative digital features in their traditional
watches.
Capabilities of platform or technologies
Fossil Group launched and offered Hybrid HR smartwatches which includes many
features like caller ID, text messages, activity tracking, heart rate and many more. The