Data is collected at all points which act as sources of data which is then converted into needed information during the data processing phase and this in turn is made available at appropriate time when people managing the company needs it. Essentially, information management is all about providing right information to the right person at the right time. However, due to various reasons that occupy and clutter happenings in the company, we find that the information gets lost in them. Information Management also looses sight of why, when and how the information is needed in order to get targeted output. This would mean that the information management strategy should be clearly in line with the management strategy of the company.
Secondly, the information management strategy is needed to ensure that the entire department works in sync. This will become more pronounced when the strength of people in the department grows. The staff in the department needs to get tuned to the management requirements and the strategy that the management of the company has adopted in order to ensure that all the targets of the information needs are met by the department. In order to make sure that this happens, the information department needs to form a strategy which would repeatedly cross check whether the company's goals and targets are aligned to the targets and goals of the department.
Thirdly, information management strategy ensures that there is a clear plan and purpose in the operation of the information department. This will also make sure that every one in the department knows their own roles and responsibilities. Moreover, when an issue props up, then every one knows who has to take care of what and there by ensures smooth incident management as well.
Knowledge Management Strategy
Every company and organization has its own specific knowledge that is created over a period of time. This happens to ensure the very survival of the company. Knowledge comes about in different ways and means. It resides in drawings, designs that the company makes and in their intelligence properties. All these add up to knowledge and this knowledge needs to be managed properly to ensure that it is available to people who are working in the company when they need it.
Knowledge Management is defined as making available in the right knowledge or information or company proprietary data to the right person when he needs it. It is about not enabling knowledge to people who are not supposed to receive it. Much the same way, it is also about people receiving only what they are supposed to receive. Any thing above this or below this is not knowledge management. Moreover, who is to receive what kind of knowledge is the strategy that the company would adopt. The company needs to decide how secure its knowledge packets should be. In most cases, major quantum of knowledge resides in very minor information.
McDowell's is a well known liquor brand in the world market. The process of preparing, culturing, fermenting alcohol is the same that every body in the alcohol business follows. However, in case of McDowell, they prepare the entire drum of alcohol and depending what is the brand that they are planning to sell, one specialty bottle comprising of a highly guarded secretive fluid is poured into that drum of fermented
2a. Discuss the purpose of having Information Management, Knowledge Management and Information Systems strategies and show the relationship between them. Also consider the development and enforcement of these strategies
In this essay we will discuss about the strategies adopted for information management, knowledge management and information system management…
This report outlines some of the major aspects and areas regarding ICT issues at the corporate. This report will try to assess some of the key issues regarding technology application and underlying technology issues those can hinder in the overall performance of Ready Rural Business.
In contrast, however, if the initiatives fail, companies then utilize that information in order to learn from their mistakes. It is natural for managers to look back on what they have done in the past and wish they would have done something differently, but important lessons can be learned when one analyzes strategies that failed once they were implemented.
It can be used to not only manage information, but to perform other complex operations, battle in the ever changing marketplace, provide services and even enhance one's private lives.
Computerized systems can perform a complicated task in the blink of an eye.
Another explanation of Information Systems is that it is a specific software application that is used to store data records in a computer system; it can also automate some of the information processing activities of an organization. The field of information technology use computer based Information Systems.
Discuss three specific issues that executives must consider, examine and evaluate when making decisions regarding the strategic value of information systems.
In order to ensure the continuous growth and success of the organization, the constitution and sustenance of business models has to consider the latest developments in information technology.
These environmental changes have placed demands on there IS departments to support product innovation, new production techniques and changing organizational designs and to provide timely, high-quality information.
Identifying and handling key issues in the management of IS is essential for executives to support and run their organizations efficiently and effectively.
This statement goes onto an explanation of the dramatic and explosive growth of ecommerce all over the world. To be successful in selling products or services online, a company needs to take into consideration of a great deal of things more than just the product/service quality.
The author states that computer systems have provided businesses today with an opportunity to maximize on their time, resources and human labor through introduction of programs like the ERP. Through adoption and formulation of ERP programs, a company will be able to produce more and management its work force more effectively.
15 pages (3750 words)Essay
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