StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Management information System - Admission/Application Essay Example

Cite this document
Summary
However, team I recorded the second highest sales (504,538.11). Only team H had recorded higher sales that team I with its total sales summing up to 523,542.93. Recording high sales and margin is not considered in…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Management information System
Read Text Preview

Extract of sample "Management information System"

Management Information System Player and Team Details My in the SAP game is II and my team letter is I. Team I finished fourth in the game with a total net income of 32,406.502. Interpretation of End of Game StatisticsTeam I finished fourth because of its lower total net income. However, team I recorded the second highest sales (504,538.11). Only team H had recorded higher sales that team I with its total sales summing up to 523,542.93. Recording high sales and margin is not considered in the ranking of the teams.

Total net income is used for the ranking of the teams. The statistics indicate that a team should consider its ROE to rank higher than other teams. Generally, a team should be all-rounded in the industry. Recording high ROE makes my team rank higher than the other teams. Sales strategy and margin do not account a lot to the performance of my team and its players as much as ROE contributes to the success of the team and its players. This was the case for my team which performed well on its sales, but was ranked forth. 3. A Brief Explanation of the Strategy and Methodology Employed by my TeamMy team employed Porter’s differentiation strategy to compete in the industry.

The strategy is used to differentiate products so that they can be outstanding from those of your competitors. The high sales by my team are because it can sell products continuous. The strategy ensured that my team sold its products to loyal customers as well as new customers. The team is able to retain its customers who value the differentiated products. The major weakness of this strategy is that our competitors might imitate the products thus confusing our loyal customers. This could be the reason that we did not record the highest sales.

Therefore, we need to continue differentiating our products quality from that of our competitors. Good quality will ensure continuous loyalty from our customers (Porter, 17).4. Things Learnt in the ActivityI learnt that a company does not have to use the same strategies used by other players in the industry. By using a well-calculated strategy, a company can edge out its competitors in the industry. For example, our strategy to differentiate our products from those of our competitors was unique.

Despite ranking lower than three of our competitors, we managed to record the second highest sales. Another thing I learnt from this activity is the essence of observing your competitors strategies in the industry. It gives the company a framework for planning future strategies based on the competitors’ strategies that affect the industry (Porter, 18).5. QuestionsQuestion #1: How do you manage to record the second highest sales despite ranking fourth?From the graph above it can be deduced that team II is consistent in making sales.

Its sales performance is consistent. From the graph, only team KK shows higher and consistent sales than team II. This is because of the quality of the products it offers to its customers. Differentiation of its products also increases customer loyalty. Question #2: What makes the performance of your team consistent and stable? The performance of team II is stable as indicated by the graph. For example, team HH drops its performance drastically to record lower performance than II from day 27.

Team EE does not sell its products from day 27. This shows the strategy of differentiation that maintains customers. Question #3: How does your team compare with other teams in terms of ROE, Gross margin and net margin?Financial Statements - R2TeamRankCumulative Net IncomeTotal salesGross Margin (%)Net Margin (%)ROE (%)ROA (%)D/E (%)Mktg/S (%)Round Net IncomeRound Sales per TeamM152,542.00315,941.8616.6316.639.5098.48212.111023,667.00143,190.11K242,207.86453,431.349.6149.3097.7846.22625.0220.30623,016.62262,456.

34J341,845.46250,729.7217.17416.6897.7236.82813.1120.48520,053.44126,064.13I432,406.50504,538.116.8416.4236.0874.86125.2080.41812,047.30256,919.15H522,738.92523,542.935.7874.3432.2231.9414.6191.4446,542.82251,995.59L67,098.0042,525.3416.69116.6911.41.40000N7-27,253.84250,093.4817.132-10.897-5.765-5.2539.75628.0318,920.46115,201.51 Team I recorded the second highest sales after team H. However, teams M, K, J, and I recorded higher total net income than my team. Team I recorded the fourth highest ROE.

However, the team performed poorly in terms of gross margin; recording the second lowest gross margin.Work CitedPorter, Michael E. Competitive Strategy: Techniques for Analyzing Industries and Competitors : With a New Introduction. New York: Free, 1998. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Management information System Admission/Application Essay”, n.d.)
Management information System Admission/Application Essay. Retrieved from https://studentshare.org/business/1667105-management-information-system
(Management Information System Admission/Application Essay)
Management Information System Admission/Application Essay. https://studentshare.org/business/1667105-management-information-system.
“Management Information System Admission/Application Essay”, n.d. https://studentshare.org/business/1667105-management-information-system.
  • Cited: 0 times

CHECK THESE SAMPLES OF Management information System

Management Information System Lead To Efficient Services

This research paper "management information System Lead To Efficient Services" aims to show how MIS aids Smith in competing with her rivals in book retailing.... management information System (MIS) has been widely utilized due to its benefits in generating accuracy and competitive advantage.... nbsp;The information system is significant in controlling the inventory of books because after it received orders, the computer-based systems will process the changes in the data....
3 Pages (750 words) Research Paper

Management Information System in Hewlett Packard

The aim of the essay “management information System in Hewlett Packard” is to evaluate a subset of the internal control process.... management information System generates information which is essential in order to have reasonable and wise business decisions.... Project management is an extremely important aspect in the implementation of management information System.... hellip; The author states that Hewlett Packard is a leading information technology company....
6 Pages (1500 words) Essay

Management Information System for Zillow

The paper "management information System for Zillow" discusses that Zillow makes use of intelligence following both internal and external attributes.... Internal attributes include using organization information while, external attributes include, competitor information and market and industry trends.... The websites pace, speed and information must not be outdated or else, survival in the economy will not be possible.... Answer 2: Zillow can then use the information collected by that to analyze its position in the market, among competitors and amongst industries....
1 Pages (250 words) Assignment

Fundamental of management information system

his problem can be overcome through the use of a centralised information system in the company where a database is created to store and process the information for all 50 financial departments across the globe.... According to Robson (1997), a centralised system is secure and is capable of processing large volumes of data at a faster speed.... This impacts negatively on the performance of business since there are likely drawbacks to be encountered in making vital decisions based on financial information about the actual performance of the organization....
1 Pages (250 words) Essay

Fundamental of Management Information System

The essay "Fundamental of management information System" states that According to the information provided in the case study, senior management has made a decision to tailor merchandise more to local tastes and that the colors, sizes, brands and styles of clothing, etc.... This can be done by using special software or program which will allow recording by the scanner what products buyers actually buy (scanner data) in the Macy's stores, click-through sequences, or automated customer counts (Chapter 2: information Systems and Knowledge Management, n....
1 Pages (250 words) Essay

Management Information System. (Position Paper)

With the emergence of other communications tools like systems for live chatting, online meeting tools and systems for video-conferencing, staff has been management information System al Affiliation) How Organizations Use Technology Technology inventions transform the way consumers think and behave.... management information System (Rev.... management information Systems (MIS) aid Syndicate Technological Company to follow up on sales data, expenditures and yield levels....
2 Pages (500 words) Assignment

Management Information System of Linux

"management information System of Linux" paper identifies what problem Linux and other open-source software help companies address and how open-source software helps.... The software allows business organizations to integrate the current system with previous applications.... Resources of the organization include human resources (knowledge of personnel using the new software vis-à-vis the traditional software), compatibility of the open-source software with the system used by the organization, technical support skills of both personnel and vendors of the software programs must be compatible with the systems, the type and kind of communities that developed the used applications, and exposure to legal issues....
6 Pages (1500 words) Assignment

Management Information System for Avalon Books

The company has also faced difficulties in maintaining consistent records as the information management system maintained are independent thus requires the intervention of an expert to harmonize the information.... nbsp; Avalon books as an organization have faced challenges in the past in management of information systems.... It has been the dream of every company to efficiently and effectively manage information but this has always not resulted in good results - Avalon is no exception....
13 Pages (3250 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us