StudentShare solutions
Triangle menu

How information gives competitive advantages - Assignment Example

Nobody downloaded yet

Extract of sample
How information gives competitive advantages

It further provides tools that assist companies to apply the metrics and analytical elements to their information sources and this enables them to recognize the chances for growth and identify ways they can enhance operational efficiency.
The three main forms of information systems, which are developed and employed for general usage, include financial, operational and strategic systems where these classifications do not have mutual exclusivity as they constantly intertwine. Financial and operational systems, which are meticulously designed, may develop to become the strategic systems associated with specific organizations.
Financial systems can be considered as simple computerizations of processes that involve accounts, budgets and finance in a company (Hopper 27). They are alike and universal in all firms, as computers have demonstrated to be perfect for mechanizing and controlling or financial systems, like personnel operations since head-counting controls and workforce of an organization are significant to financial concerns. Financial systems are supposed to be employed among the bases for the rest of the systems as they provide a universal and controlled assessment of all the operations and projects and have the ability to supply dependable numbers that indicate departmental success. Planning across the company must be linked to financial analysis and there are always greater opportunities in the development of strategic systems when financial systems exist as the needed figured can easily be retrieved.
On the other hand, operational systems, which are also considered as service systems, assist in controlling the details associated with the company and these systems are different based on the nature of the enterprise. Typically, they are computer systems needed by operational managers to assist in running of the business based on routing. They are ordinary systems that are valuable in keeping track of inventory among other functions as ...Show more

Summary

The information systems that are created as a reaction to corporate business initiative are referred to as strategic systems and they are designed to provide competitive advantage to a company. They have a capacity of delivering products or services at costs that are relatively…
Author : zechariah13
How information gives competitive advantages essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"How information gives competitive advantages"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Competitive Forces and Strategic Issues in the Smartphone & Tablet Industry. Apple Inc
Apple’s shift in strategic focus was manifested by its change in core business from focus on personal computers to consumer electronics. This change was epitomized by the company’s symbolic dropping of the word “computer” from its official name in 2007 (Siegel & Gibbons 2009).
24 pages (6000 words) Assignment
Competitive Strategies. Chaos Camera Company Competitive Advantages
Competitive Strategies. Chaos Camera Company Competitive Advantages. This paper analyses the performance of our team in the simulation of a camera company. The company, Chaos Camera Company, was run as a team. The analysis is broken down into various parts: our competitive strategies, competitive advantage and actions of our competitors, our offensive and defensive strategic options, regional strategic approach, decisions supporting strategy execution, improving value chain activities, corporate social responsibility and finally our decision making style.
10 pages (2500 words) Assignment
Information system management
Executive Summary ii. Comparison and Analysis iii. Recommendation 16 16 17 18 3 IT Governance i. COBIT ii. Focus of IT Governance and COBIT iii. IT Governance with respect to Security 20 21 21 24 4 Conclusion 25 5 References 28 1. Corporate View of IT Executive Summary Barrowman Precision Engineering Ltd which is serving its services in United Kingdom is specializes in the manufacture of non?
24 pages (6000 words) Assignment
Market Audit and Competitive Market Analysis
This means that the relative advantage of the product must be factored into the planning process. With specific reference to kikk.k, her targeted products are writing utensils (pens and pencils), notebooks, journals, cards, wrapping, diaries, and calendars.
5 pages (1250 words) Assignment
What competitive advantages would Amazon have over Wal-Mart Stores in doing business outside the United States
What competitive advantages would Amazon have over Wal-Mart Stores in doing business outside the United States? Wal Mart and Amazon have considerable influence over the global economy and so it becomes important for the two companies to remain updated and progressive in all its operations.
9 pages (2250 words) Assignment
International information an E business strategies
Entrepreneurs are faced with decision making challenges resulting from increased globalization, rapid technological challenges and competition. As a result, new knowledge creates a competitive advantage.
8 pages (2000 words) Assignment
Competitive Advantages Of Amazon Over Wal-Mart Stores
Wal Mart and Amazon have considerable influence over the global economy and so it becomes important for the two companies to remain updated and progressive in all its operations. Wal-Mart is the second largest employer in the world. It is one of the most important organizations in the world. Its annual sales stood at $419 billion in 2010.
11 pages (2750 words) Assignment
Competitive and Strategic Analysis
Each functional strategy in each department has a special focus on the general company objective and goal. Some areas for implementation of functional strategy include finance, production and even at
6 pages (1500 words) Assignment
Management Information System: Online Reputation Management
Modern day customers are very chose in terms of different options. As more than one option is present, it is very important for each and every business house to maintain their competitive advantages. Maintaining reputation in online platforms is
8 pages (2000 words) Assignment
Decision Support Systems (DSS) and Competitive Advantage: How do firms use DSS to enhance their competitive advantage
is intended to help managers compile useful organizational information from raw data that has not been synthesized to documents, personal knowledge, and business models to help identify problems and provide solutions. Some of this information may include: inventories of
6 pages (1500 words) Assignment
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment