Answer To: Page 1 of 2 Assessment Type Report Assessment Number Assessment Weighting 2 Group 20% Alignment with...
Neha answered on Sep 14 2021
Chapter 1
In first chapter we studied about management information system. It has new technologies like cloud computing, big data, mobile digital platform. Management has been added in it so that the managers can use social networks and the collaboration. It is used for a accelerating the business intelligence applications. It allows the team to have virtual meetings. With this the organization is able to do social business, get momentum, create values and collaborate with other firms.
The Internet global communication can be used to reduce the cultural and economic advantage of the different developed countries. It has resulted in drastic reduction of the cost which is used to operate and transact over global scale. It has introduced the new jobs ideas, resources in the markets. It has resulted in reduction on the dependency over export and import. The businesses are interested in investing the information technology for achieving the six basic business objectives which are important. These objectives are operational excellence, customer and supplier intimacy, competitive advantage new products and business model survival and improved decision making.
In this chapter we studied about operational excellence bridging for impression starts to get higher profit. Information system and technologies can be used to improve the productivity and efficiency. There are many efficient retail stores which world created with the help of digital links between stores and suppliers. The information systems and technologies are used to help the forms in creating new products common business models and services.
The business model can be defined as model which helps the company to understand how they can produce, sell and deliver the product and services. The customers who are served well by the organization will become loyal customers for purchasing the products. They can use the information technology to foster the intimate relationship with their customers and try to keep the track of their preferences. It can help them to create close relationship with the suppliers and reduce the overall cost.
If the managers are relying over luck and forecast then they can use allocate the services, inventory, and employees. Real time data can be used to have improvement in the ability of managers for taking decisions.
The businesses are able to invest in the information system first the information technology can be defined as the software and hardware which is used to achieve the objectives. It is the interrelated components which can manage information for support decision making and control, help the organisation with visualization and create product. The data can be defined as the stream of raw facts and information is the new shaped data with meaningful format. The problem solving can be done in four basic steps which are problem identification, solution design, choice and implementation.
Chapter 2
The second chapter was all about global e-business and the collaboration. Human resources come on finance and accounting, sales and marketing and manufacturing and production are there for basic business functions every business needs to perform on these four functions to get success. It is used to reduce the product or service, sell the product, keep the track of financial transactions and also perform the human resources task like hiring and retaining the employees.
Suppliers, employees, customers, products and services and the payments are five basic entities which are used in the business. If the set of the task are related in the logical manner, then they can define how the specific task will be performed by the business. It helps us to find out all the tasks which are performed by the employees, and they are scheduled. We need to fulfil the order of the customer and it involves a set of the step.
It needs close coordination with the sales, accounting, and the manufacturing functions of the business. There are few steps which can be used to enhance the overall process of the business. We can automate the manual process, change the overall flow of information try to replace the...