Which of the following are external factors influencing corporate IT decisions?

The decision-making process for corporate IT is significantly influenced by various external factors, and all the options provided—technology, competitors, and suppliers—are integral elements in shaping those decisions.

Technology as an external factor represents the advancements and innovations available in the market that could offer new opportunities or require adaptations within the organization's IT strategies. Companies must stay updated with technological trends to maintain competitiveness and efficiency.

Competitors influence a company's IT decisions by setting benchmarks for performance and innovation. Organizations often analyze their rivals to assess industry standards, which can compel them to invest in new technologies or improve existing systems to keep pace or gain a competitive edge.

Suppliers also play a crucial role since they provide the tools, software, and hardware essential for a corporate IT infrastructure. A company’s relationship with its suppliers can directly affect the procurement process, costs, and overall technology stack. Changes or advancements from suppliers can lead to a reassessment of IT strategies to leverage better services or products.

Therefore, the collective impact of these external factors emphasizes the necessity for organizations to continuously evaluate their IT decisions in response to the dynamic business environment.