The paper outlines the details about the company Westfield and its implementation of digital disruption in the business environment. It discusses the IT and ethics governance framework, ethical implications, and the competitive advantage achieved. The company description, IT governance framework, and ethical implications are discussed in detail.
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ICT Professional Practice & Ethics1 Contents Introduction......................................................................................................................................1 Company Description......................................................................................................................1 IT and Ethics Governance Framework............................................................................................3 COBIT Framework......................................................................................................................3 Ethical Implication of Change.........................................................................................................4 Competitive Advantage Achieved...................................................................................................6 Recommendations............................................................................................................................7 Conclusion.......................................................................................................................................8 References........................................................................................................................................9
ICT Professional Practice & Ethics2 Introduction The objective of the paper is the outline the details about the company Westfield. Information technology plays the lead role in helping organizations to grow and succeed in the external environment. Digital innovation helps organizations in disrupting the business process and growing by using technology present in the market. In order to implement disruption in the business, it is important to implement them ethically so as to effectively succeed without attracting penalties from the market. The below mentioned report highlights information about the Westfield case along with the IT governance related frameworks present in the environment. The given case elaborates the use of digital disruption along with its positive and negative impact in the business and the competitive advantage received. Ethical implications for the Westfield in order to implement disruption in the organization are discussed below. Company Description The business Westfield commercial is a real estate company that also operate the shopping centres as well. The business is an undertaking ownership, development, asset management, designs and property management business in the external market. The portfolio of the company includes Westfield shopping centres in US and Europe and the group has also worked as world’s largest shopping centre portfolios in various countries with the purpose of investment. The company has looked after total 103 shopping centres across Brazil, Australia, Croatia, Italy, UK and New Zealand. The company was developed many places in the worldwide market, the first place that was developed by Westfield Group was termed Westfield Place in Blacktown in the year 1959 (Westfield 2019). The name of the company is called from the west location where the company is related that is west Sydney and the word field came into the name because it was located in the subdivided farmland. Further, the name of the company appeared in the list of ASX in the year 1960; afterwards, the company expanded its business in the time frame of one year. Analysing the case about the company Westfield, it should be noted that the company is Australia’s searchable mall that is featured with 100000 products online. Entrance of the group on online market gave prosperity to the company to grow and compete as well. Further, it should be noted that the company
ICT Professional Practice & Ethics3 Westfield Australia make use of digital disruption in the company to grow and succeed in the external environment (Bloomberg 2019). The company believed that most customers are now shifting towards the online platform for shopping which is reducing the efficiency of the malls to initiate sales in the business environment. Resulting in which, implementation and use of digital technologywillsuccessfullyhelpthecompanyexcelinthemarket.Thecompanyhas successfully formed huge buildings and qualitative shopping malls but the changing behaviour of the customers present in the market is eliminating their efficiency to grow. Most of the shoppers also believe that when they can purchase same kind of product online while sitting at their home then why to go for physical shopping. Due of changing behaviour of the customers in the market, the profitability of the company Westfield Australia reduced. Availability of technical connectivity in the business environment eliminated the process of physical shopping and gave access to online shopping as well. Consideringthat,thecompanyunderstood theimportanceof technologyinthebusiness environment and aimed to implement it in the company as well. Thus, resulting in which, Westfield group also started looking for opportunities to implement digital disruption in the business. This process helped the company to connect with digital shoppers and provide them product along with good shopping experience as well. It should also be noted that the Westfield labs were created in the year 2012 so as to leverage the retail ecosystem by using innovative, social and mobile digital marketing opportunities in the business environment. The labs also protected the interest of digital shoppers and provided them delightful shopping experience in the physical market. Alongside with this, the company also initiated Westfield learnings that included the process of learning new and innovative technology present in the competitive external environment while developingdigitallyenabledinnovationaswell.Digitaldisruptivetechnologymakesthe shoppers to increase their level of satisfaction by purchasing products digitally. The company has introduced click and collect hubs, digital storefront, frictionless car parking, digital in-centre signage, mobile food service apps and searchable mall web platform in the business environment to provide them suitable assistance while shopping and increase the level of services as well. However, it should be noted that digital technology comes with its own pros and cons so implementation of such activities in Westfield business has its own ethical implication.
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ICT Professional Practice & Ethics4 IT and Ethics Governance Framework COBIT Framework COBIT refers to Control Objectives for Information and Related Technology. This framework is created by the ISACA (Information Systems Audit and Control Association) in order to maintain IT governance and management process in an organization. This framework is developed to help the manager to initiate effective IT governance and ethical activities in the business environment. This system allows in bridging the crucial gap between the technical issues, control requirement of business associated with risks as well (Ismail 2018). This framework is thoroughly recognized as the guidelines that can be applied in any kind of business for the purpose of maintain IT governance activities in the business. This type of framework ensures control, quality and reliability of information system of the business. This framework includes four different process that are planning and organization, delivering and support, acquiring and implementation and lastly monitoring and evaluation. These are the four most important activities that help the business to effectively create link between the activities and conduct ethical business functions as well (Pereira, Ferreira, and Amaral 2017). This framework governs all these functions so as to develop right type of IT activities for the business. Further, it should be noted that there are five elements of the COBIT framework that helps the business in IT governance practices. These components are discussed below: ï‚·The first element is framework; this framework helps in organizing the IT governance activities of the company and initiating best practices for the process and domain. This framework also links the IT activities of the company with the physical and core process of the business (Prado, et. al., 2016). ï‚·Process description: This system is a reference model that provides a common language to the people in an organization. This process includes building, planning, running and controlling the IT activities. This gives a way to the people to communicate with each and talk with the concerned department regarding the issue. ï‚·Control objective: This system provides a comprehensive list of the requirements that has beenanalysedasaneffectiveITbusinesscontroltoolby themanagement.This framework provides ease to the management as they do not need to search for anything,
ICT Professional Practice & Ethics5 instead the framework provides all the detail and crucial IT related information to the business (Camillo, and Camillo 2019). ï‚·Maturity Models: This framework access the maturity along with capability of every process at the time of analyse the gaps present in the system. ï‚·Management Guidelines: This framework also helps in assigning the responsibilities to the people in a better way. This system measures the performance, agree on common objective and illustrate better interrelation with the people present in the other process as well (Mason 2017). Further the guideline principles of this framework are discussed below: ï‚·Covering the IT activities of the enterprise from end to end ï‚·Development and application of single integrated framework ï‚·Ensuring that a holistic approach is followed in the business decision making process ï‚·Meeting the needs of the stakeholders ï‚·Differentiating the governance from the management The above mentioned are the benefits that the framework provide to the business. With the use of this framework, new emerging companies like Westfield can easily maintain their IT practices in the business environment. Ethical Implication of Change Below mentioned is the list of ethical implication attained by the company Westfield in case of implementing IT practices in the business: ï‚·Development of Complex Situations: As the company Westfield Australia is new in the IT industry due to which they do not have enough knowledge about the practices and prevalence of the activities in the industry. Resulting to which, whenever a difficult situation arises, the company face difficulty in managing it and resolving the solution as well. Lack of IT experience with the employees makes it difficult for the management to implement an activity effectively in the business (Martin 2015). The process of digital disruption require the management to effectively operate the IT activities concerning several other issues as well because wrongful implementation of IT can cause damage to
ICT Professional Practice & Ethics6 the other on going activities of the company. Thus, it should be noted that the company might face difficulty in the business environment because of complexity in the issues. The company would require efficient workforce along with appropriate practices to develop disruption activities in the business (Hajli, and Lin 2016). Lack of these can cause issue and with the occurrence of such issue the company might get stuck in initiating IT effectiveness in the market. ThreatofPrivacy:threatofprivacyisthebiggestissuethatisrelatedtothe implementation of IT practices in the business environment. By using digital technology, the company tend to share more than required information about the customers and their interest due to which they might face problem of privacy issue in the environment. The company also shares and store the price sensitive information about the business on the website or cloud which can be hacked any day by an unethical hacker for attaining benefits from the information (Zhang, and Wen 2017). Thus, it should be noted that the threat of privacy increases with the increasing level of IT activities in the business. Also, it should be noted that the company Westfield has recently started developing the IT activities in the environment to fight against digital competition. So, the company might use the customer information to attract them which can create privacy issue for the customer if more than required information is used and shared (Johnson 2015). However, it should be noted that it is important for the company to make use of personal data of the customers so as to get insights of the customer’s interest. Thus, it is important for the organization to know what information to use and where to stop and keep the interest of the customers intact in the business environment (Martin 2015). Elimination of High Degree of Competition: This is a positive ethical implication of the usage of IT practice in the business environment. The company aimed to use IT activities in the business process so as to eliminate the interest of the customers in online shopping and indulge them in shopping through the mall only. Thus, it should be noted that with the development of IT activities in the business, the interest of the customers will get shifted towards the company due to which they will purchase the products from Westfield in the target market (Stanton, Sinnott-Armstrong, and Huettel 2017).
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ICT Professional Practice & Ethics7 Competitive Advantage Achieved Advanced in innovation can be comprehended as a standout amongst the most ideal ways for the companies to improve their exhibition and prevail in the business condition. In the given instance ofWestfieldAustraliaOrganization,thebusinesslikewisesuccessfullyusedtoincrease competence in the market. These advantages are discussed below: Ingress in the IT field at first helped the association to pull in a wide base of clients present in the objectivemarket.PriortoutilizationofIT,theorganizationusedtodevelopphysical advancement and promoting systems in the market conditions to develop and pull in the clients as well. However, with the development of ICT, the organization has begun drawing in a more extensive target base. This sort of movement encourages the organization to pull in clients past their limits to purchase products from the mall (Laudon, and Laudon 2016). Further, it ought to be noticed that the advanced digital innovation technology provides help to people to purchase products at optimum rates in the market. This kind of innovation does not prerequisite colossal investment cost for its obtainment rather, the organization can effectively use it with a sufficient total of reserves available with them. Resourceful and income friendly IT procedures help the organization to put the abundance entirety into various other departments in order to expand the satisfaction of clients in the objective market and accomplish larger amount of benefits too (Elbeltagi, and Agag 2016). With the utilization of ICT in the business, the organization additionally gains the preferred position against rivalry in the business condition. This innovation encourages the business to deal with both online just as disconnected stages in the business showcase. Coming about to which, they gain the favorable position to draw in more clients in the objective market. At first the organization began confronting the issue of pulling in individuals to shop from the shopping center in light of the fact that the vast majority of the clients were engaged with shopping on the web because of which the fitness of the business was diminished. Further, with the rise of ICT in the business, the organization Westfield Australia gets the bit of leeway to dispose of rivalry and pull in individuals through online medium also (Avgerou, and Walsham 2017). Innovation causes the organization Westfield to pull in more ability in the business condition and in the meantime increment the skill of the organization through promoting exercises too. ICT
ICT Professional Practice & Ethics8 helped the organization to draw in individuals and impress their business exercises on the online stage as it were. The organization utilizes successful showcasing efforts to draw in light of a legitimate concern for clients in the objective market and increment the gainfulness of the business also (Schwalbe 2015). Therefore, along these lines, the organization Westfield Australia achieves upper hand in the objective market utilizing enhanced data innovation rehearses in the business. Recommendations Below mentioned are few recommendations that should be provided to the company Westfield so as to increase its competence in the market: Development of Cyber security practices: The Company should understand the importance of IT practices in the business implement them accordingly. Use of cyber security aspects will help the business to eliminate the problem of privacy from the business and keep the IT functions intact. This process will also increase the satisfaction level of the customers in the target market. The company should make use of effective IT software and framework to develop the business. The software will protect price sensitive information about the company and the customers as well. The company should also hire IT team so as to successfully develop the framework in the business environment (Hair, et. al., 2015). The IT team will resolve the issues wherever the management faces difficulty, they will also initiate smooth functioning of the business. Use of COBIT and ACS code of ethics framework: The Company should effective use COBIT framework to save them from attracting penaltiesin the legalmarket. This system will successfully develop framework as discussed above to create a map for the IT practices in the business. The ACS code of ethics will help the business to acknowledge the facts and aspects that the business and the IT professional need to follow and the COBIT framework will act as a IT governance framework for the business (Jorfi, Nor, and Najjar 2017). Feedback: it is important for the business to attain feedback after implementing any changes so as to attain the impression of the customers regarding the change implemented in the business. The feedbacks will provide details about the satisfaction level of the customers along with the IT related issues that they are facing in the business. This system will help the organization to
ICT Professional Practice & Ethics9 analyse the facts that are reducing the satisfaction of the customers and rectify them accordingly. The company should further work on the basis of the feedback so as to increase its competence in the environment (Anaya, Dulaimi, and Abdallah 2015). Conclusion Thus, concluding the above mentioned statements, the fact should be noted that the paper elaborated information about the activities of the company Westfield Australia. Earlier, the company was initiating physical sales of the product from the mall. However, emergence of online selling and e-commerce activities reduced the interest of the customers in the business industry. Resulting in which, the company Westfield Australia aimed to develop the IT practices in the business so as to attract the interest of the customers and remain competent as well. The report involves information about the IT governance framework for the business. The COBIT framework will successfully help the organization to grow and develop right type of activities for the business to implement IT practices and attain success out of it. Further, ethical issues and competitiveadvantagereceivedtothecompanyarediscussedinthepaper.Lastly, recommendation is provided with the help of which the business can successfully increase its competence in the target market.
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ICT Professional Practice & Ethics10 References Ismail, H.K., 2018. The Use of the COBIT Framework to Reveal the Reality of Mobile Information Technology Management and its Role in Information Quality Governance.Journal of University of Human Development, pp.1-19. Camillo, I.C. and Camillo, A.A., 2019. Strategic Managerial Communication in the Digital Era: ImplicationsforEthical-UnethicalBehavior.InHandbookofResearchonStrategic Communication, Leadership, and Conflict Management in Modern Organizations(pp. 360-389). IGI Global. Mason, R.O., 2017. Four ethical issues of the information age. InComputer Ethics(pp. 41-48). Routledge. Martin, K.E., 2015. Technology, Ethical Issues in.Wiley Encyclopedia of Management, pp.1-4. Hajli, N. and Lin, X., 2016. Exploring the security of information sharing on social networking sites: The role of perceived control of information.Journal of Business Ethics,133(1), pp.111- 123. Zhang, Y. and Wen, J., 2017. The IoT electric business model: Using blockchain technology for the internet of things.Peer-to-Peer Networking and Applications,10(4), pp.983-994. Johnson,D.G.,2015.Technologywithnohumanresponsibility?.JournalofBusiness Ethics,127(4), pp.707-715. Martin, K.E., 2015. Ethical issues in the big data industry.MIS Quarterly Executive,14, p.2. Stanton,S.J.,Sinnott-Armstrong,W.andHuettel,S.A.,2017.Neuromarketing:Ethical implications of its use and potential misuse.Journal of Business Ethics,144(4), pp.799-811. Laudon, K.C. and Laudon, J.P., 2016.Management information system. Pearson Education India.
ICT Professional Practice & Ethics11 Elbeltagi, I. and Agag, G., 2016. E-retailing ethics and its impact on customer satisfaction and repurchaseintention:aculturalandcommitment-trusttheoryperspective.Internet Research,26(1), pp.288-310. Avgerou, C. and Walsham, G. eds., 2017.Information technology in context: Studies from the perspective of developing countries: Studies from the perspective of developing countries. Routledge. Schwalbe, K., 2015.Information technology project management. Cengage Learning. Hair Jr, J.F., Wolfinbarger, M., Money, A.H., Samouel, P. and Page, M.J., 2015.Essentials of business research methods. Routledge. Jorfi, S., Nor, K.M. and Najjar, L., 2017. An empirical study of the role of IT flexibility and IT capabilityinIT-businessstrategicalignment.JournalofSystemsandInformation Technology,19(1/2), pp.2-21. Anaya, L., Dulaimi, M. and Abdallah, S., 2015. An investigation into the role of enterprise informationsystemsinenablingbusinessinnovation.BusinessProcessManagement Journal,21(4), pp.771-790. Westfield., (2019) Product [online]. Retrieved from <https://www.westfield.com.au/products> [Accessed on 4 June 2019]. Bloomberg., (2019) Company Overview of Westfield Corporation Limited [online]. Retrieved from<https://www.bloomberg.com/research/stocks/private/snapshot.asp? privcapId=268959040> [Accessed on 4 June 2019]. Prado, E.P., Barata, A.M., Mancini, M. and Sun, V., 2016, May. IT Governance in Healthcare Industry Organizations: A Case Study of COBIT Implementation. InProceedings of the XII Brazilian Symposium on Information Systems on Brazilian Symposium on Information Systems: Information Systems in the Cloud Computing Era-Volume 1(p. 1). Brazilian Computer Society. Pereira, C., Ferreira, C. and Amaral, L., 2017, September. IT Value Management Capability EnabledwithCOBIT5Framework.InEuropean,Mediterranean,andMiddleEastern Conference on Information Systems(pp. 431-446). Springer, Cham.