Using your textbook, LIRN-based research, and the Internet, research a company t
ID: 3869016 • Letter: U
Question
Using your textbook, LIRN-based research, and the Internet, research a company that has utilized Information
Systems in a management and decision-making capacity.
1.How and what did they do in order to gain competitive advantage using Information Systems technologies? 2.Discuss implementation plans for using Information Systems and disseminating information. 3.How did the company use the management of Information Systems to bring or add value to the firm? 4.What type of Enterprise-wide Information Technologies currently exist that connects the organization that produces a cross-functional company? 5.What planning was involved in the deployment and implementation of Information Systems?
Explanation / Answer
a competitive advantage over others typically have access to special resources that others do not or are able to use resources more efficiently, resulting in higher revenue growth, profitability, or productivity growth (efficiency), all of which ultimately in the long run translate into higher stock market valuations than their competitors.
Michael Porter's competitive forces model describes five competitive forces that shape the fate of the firm.
2.
Management Information Systems (MIS) is the key factor to facilitate and attain efficient decision making in an organization. This research explores the extent to which management information systems implemented to make successful decisions at two selected financial organizations. The research examined whether the selected financial institutions of Bahrain vary as to the use of Management Information Systems leadership of decision making for strategic and tactical planning purposes. The research adapted the quantitative research design to examine two research hypotheses. A total of 190 forms were equally distributed to those who are working at different management levels at the selected organizations. The results of the research showed that MIS was primarily used to enhance strategic planning in both financial institutions. The regression analysis revealed that Tactical planning is found to have no effect on Decision Making, while Strategic planning has a clear effect on the Decision Making Effectiveness in both organizations.
3.
Information systems can be used at each stage of the value chain to improve operational efficiency, lower costs, improve profit margins, and forge a closer relationship with customers and suppliers. Organizations can use information systems to help examine how value-adding activities are performed at each stage of the value chain. Information systems can improve the relationship with customers (customer relationship management systems) and with suppliers (supply chain management systems) who may be outside the value chain but belong to an extended value chain. Information systems can help businesses track benchmarks in the organization and identify best practices of their particular industries. After analyzing various stages in the value chain, an organization can devise a list of candidate applications for information systems.
4.
An Enterprise Information System would typically be operated by
professional system administrators and be deployed on dedicated servers. It would typically
offer network connectivity and provide services that supported the operations carried out
by the enterprise.
Both the value and the challenge of enterprise systems can be found in the integration they
force on the firm's information and business processes. Enterprise software consist of a set
interdependent software modules that support basic internal business processes for finance
and accounting, human resources, production and sales and marketing.
The software enables data to be used by multiple functions and business processes for
precise organizational coordination and control
5.
The Implementation Plan describes how the information system will be deployed, installed and transitioned into an operational system. The plan contains an overview of the system, a brief description of the major tasks involved in the implementation, the overall resources needed to support the implementation effort (such as hardware, software. facilities, materials, and personnel), and any site-specific implementation requirements. The plan is developed during the Design Phase and is updated during the Development Phase; the final version is provided in the Integration and Test Phase and is used for guidance during the Implementation Phase. The outline shows the structure of the Implementation Plan.
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