Answer to Question #280498 in Management for Doscal

Question

a) Describe four strategic initiatives that a company can take in order to gain competitive advantage over other organizations. Give appropriate examples to illustrate your answers.

b) “It is important that we should know about Information Systems”. Explain five reasons to support this claim or statement.

Major Topic Blooms Score

TYPES OF INFORMATION SYSTEMS IN THE ORGANISATION Designation 8

AP

c) Describe four strategic business objectives/benefits that organizations can derive from their investments in, and use of, Information Systems.

Answer 1

Question A

Cost leadership strategy as a benefit happens when a business is capable to offer the similar quality of products as its opponents, however at a lesser price. For instance, by the usage of resources in an extra efficient way than its competitors.

Differentiation strategy, is where low cost is becomes the only among numerous possible factors that set aside a firm from others. For example, offering a service at lower price to attract more customers.

Defensive strategy allows a firm to further distance itself from its competitors by maintaining a modest advantage it has attained. For example, it prevents competitors to deliver any real opposition to the firm.

Strategic alliances are additional along the lines of combined ventures that industries utilize to pond resources and gain themselves exposure at the cost of other competitors not in the partnership. For example, it can lead to collusion episodes.

Question B

Business Information System makes it modest to stock operational data, amendment histories, statement records and other relevant documents within a business firm.  

It is important in processing the data from firm inputs to create information that is beneficial for managing the operations of a company.

Commercial Information System facilitates the decision making process. Knowing information systems abridges the process of distributing the required data and henceforth helps in taking better decisions instantly.

It will enable businesses to make the paramount utilization of computer science and technology to deliver the data that is required to attain organizational goals.

Lastly, information system is a significant instrument for generating value for a business. For example, it enable the firm to upsurge its revenue while lessening its costs.

Question C

i.        Operational excellence

ii.       Customer and supplier intimacy.

iii.     Improved decision making.

iv.     Competitive advantage.

v.      Business survival.