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The strategy gap lavaraging thechnology to execute winning strategies - Goveney M.

Goveney M. The strategy gap lavaraging thechnology to execute winning strategies - Wiley & sons , 2003. - 242 p.
ISBN 0-471-21450-7
Download (direct link): thestrategygapleveraging2003.pdf
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What Lies Ahead
ber in a predefined bin called “revenues,” and had to ensure that the bin was expecting figures in dollars, not pounds or yen.
With XBRL, the number is sent along with a label that indicates the number represents revenues measured in U.S. dollars. The sender standardizes the information but recipients can view it in any way they choose. The highly labor-intensive requirement to map the sender’s data in to the receiver’s analytical program goes away. It costs less for a receiver to “consume” a sender’s message. Less time is spent on translation and data collection, information is easier to use and analyze, and financial communities benefit from more transparency in financial reporting.
Another tool that has been developed recently is Extensible Business Reporting Language General Ledger (XBRL GL). Its purpose is to smooth the collection, structuring, and communication of any information required for U.S. and European accounting, such as that found in general ledger systems, charts of accounts, journal entries, and more. Based on XML, it is system independent, chart of accounts independent, and reporting independent. XBRL GL is one way organizations might be able to more easily consolidate information from multiple systems, both from within the organization (many operating units, many companies) and without.
XBRL GL could have three effects on today’s organizations.
1. It could make it easier for organizations with legacy systems to upgrade to today’s more robust CPM systems, allowing these enterprises to finally have easy, on-demand access to critical business data.
2. Because information can be more easily shared, XBRL GL could pave the way for organizations to outsource mundane, repetitive functions once performed by their finance departments. The finance professionals could now spend more time analyzing the business, making strategic decisions, and adding value to the organization.
3. XBRL GL could signal the end for vendors trying to sell solutions containing closed, propriety interfaces. Open standards are here to stay.
In addition to XML, XBRL, and XBRL GL, a new computer technology model is being developed to make it easier for companies to share not only data but also applications. It is called XML Web services.
The Strategy Gap
Microsoft, with its .Net platform and tools, is a leading advocate of this technology. As envisioned by technology professionals, XML Web services will act as a universal translator, allowing organizations to talk to one another and share data and programs easily even though they use different platforms, applications, and computing devices. Furthermore, once these XML Web services applications are built, they could be reused. More succinctly, everything will be able to talk to everything and everybody will be able to talk to everybody—easily.
Consider this example. An airline offers consumers the opportunity to purchase plane tickets online. It recognizes that its customers also might want to rent a car and reserve a hotel room as part of their travel plans. The consumer would like the convenience of only having to log on to one system instead of three, saving time and effort. The same consumer also would like to input personal information only one time instead of three times. The airline does not have car rental and hotel reservation systems in place, nor does it have any easy way to interface with potential car rental and hotel partners even though these businesses would all benefit from working together. To provide these services today requires the creation special programming, links, and systems by the airline and its prospective partners. It can be done, but it is not easy—nor is the work reusable.
Companies using XML Web services would rely on industry standard processes to build applications that would allow all these businesses to work together easily over the web. The services would allow the airline site to find and access the car rental and hotel reservation sites. The consumer would not see the communications among the multiple sites. All the consumer would see is that it is now possible to purchase a plane ticket, rent a car, and reserve a hotel room at one site—and fill out the personal history information (name, address, phone, etc.) only once. All three businesses would benefit by having an easy way to communicate with one another, and the consumer would have an improved experience.
Furthermore, these programs could be reused for other partnerships. For example, the hotel could offer its room reservation program to amusement parks, sports organizations, and other businesses for use on their web sites. A company might rent its services to another company, or it might provide the application free of charge in exchange for the exposure to potential new business. These programs would not have to be rewritten or reconfigured for these new business partnerships.
What Lies Ahead
As proposed today, XML Web services are made up of four components.
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