Nobody downloaded yet

Explain how the MIS ( Management Information System) function area can leverage , information, data and knowledge in terms of competitive advantage - Essay Example

Comments (0) Cite this document
In other words the competition in the world is on an increase and the firms are looking out to different options through which they can tackle the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Explain how the MIS ( Management Information System) function area can leverage , information, data and knowledge in terms of competitive advantage
Read TextPreview

Extract of sample "Explain how the MIS ( Management Information System) function area can leverage , information, data and knowledge in terms of competitive advantage"

Download file to see previous pages The system itself can be designed in such a way that it can control the information of the business so as to provide it with a competitive advantage. The system can be used differently and this essay would revolve around the particulars of this system as to how it can help the businesses flourish in a competitive world.
Management Information System is defined as a set of technologies which include hardware and software along with human elements so that the decision making process of the respective business can be made easier (Bidgoli, 2010). This clearly tells us that the system is a way through which the businesses can integrate information and present accordingly to the relevant individuals. The system is designed to simplify decisions and carry out processes through which the decisions are made quickly and efficiently. In general the firms are given competition in the industry through different means. Porters Five Forces allow to understand these competitive forces as they tend to exist in the industries accordingly. These five forces revolve around products, bargaining power of customers and suppliers and the threat of new entrants. Management Information System takes a leap on these five forces to ease it on the business who will use the system in an efficient manner (Laudon & Laudon 2013).
MIS should always be aligned with the objectives of the business so that it can be used efficiently to break down the threats of the competitive forces. Information Technology should always be constructed in a way so that the profitability of the company is increased with every step that the business takes. Information technology works by the methods of numbers and the business should always identify its goals and strategies with the help of the system. The progress of the businesses can be monitored with the help of information technology and this in turn would help the stakeholders decide in accordance to the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Explain how the MIS ( Management Information System) function area can Essay”, n.d.)
Explain how the MIS ( Management Information System) function area can Essay. Retrieved from
(Explain How the MIS ( Management Information System) Function Area Can Essay)
Explain How the MIS ( Management Information System) Function Area Can Essay.
“Explain How the MIS ( Management Information System) Function Area Can Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Explain how the MIS ( Management Information System) function area can leverage , information, data and knowledge in terms of competitive advantage

Data, information, and Organizational knowledge

...? Data, information and Organizational Knowledge Data, information and Organizational Knowledge Knowledge, the understandings, insights, and practical experience that everybody possess, is the essential resource, which allows them to function wisely. Over time, significant knowledge is also changed to other demonstrations such as books, practices, traditions and technology, within organizations or institutions of all kinds plus the society in general (Leonard & Swap, 2005). These transformations end in cumulated know-how and, when utilized properly, improved...
3 Pages(750 words)Essay

Data, information, and Organizational knowledge

...? Data, information, and Organizational knowledge Introduction Knowledge is considered to be the power of an individual on how he/she reacts to the things around them. Hence, it is very vital that proper training are provided to the employees in the organization about their job roles which would result in better functioning of the organization. This paper will thus emphasise the contingency theory to elaborate on the significance of data, information and organizational knowledge to facilitate better organizational efficiencies. Discussion Data, information and knowledge are frequently applied alternatively and are often considered to be of similar concepts, but with certain differences in ideologies. Data usually denotes raw facts... of the...
3 Pages(750 words)Essay

Information System and Knowledge Management

...Information system and Knowledge Management A "problem" is the "difference between [an] existing and the desired goal". How does problem identification assist in problem solving What is the importance of identifying different "possible solutions" Ans: Problem identification is a process of generating possible scenarios where the difference between the existing state and the desired goal is clear. If a problem is identified, it literally implies that an uncommonlity is observed which needs to be addressed with several phenomenons so that it satisfies the practical or logical implication of it. Problem identification assists in problem solving as the identification is the first step to get the problem defined correctly... this...
4 Pages(1000 words)Essay

Knowledge Management and information

...greatly diminishes the need for both organizations to spend resources on monitoring. And successfully managing the termination of the relationship can be useful when new opportunities arise. In the Information Age, the old ideology of throwing more human resources at a problem will neither ensure a company of a competitive advantage nor ensure a solution to the problem. As Gene Bellinger writes in The Knowledge Centered Universe, "The Value of Knowledge Management relates directly to the effectiveness with which managed knowledge enables the members of the organization...
11 Pages(2750 words)Essay

Knowledge Management for Competitive Advantage

...system, this company has a good base as far as it expert panel and potential thereof is concerned. (Skyrme, 1999) Conclusion It has been assumed for the benefit of developing a perfect knowledge management model, that the International Marketing Consultants is a company will a low quality knowledge management system. This not only presented me with the scope to study how the diversity of the company in terms of operational areas can be sued in its benefit, it also exposed me to the potential of the information acquired from the various countries it...
9 Pages(2250 words)Essay

Leveraging Data, Information, and Knowledge for Competitive Advantage

...manner to gain competitive advantage over the competitors by making good use of the Management Information Systems that it has. (Maimon, 2005) In conclusion, it can be said that MIS is one of those tools which makes an integrated and collaborated use of both the technology side as well as the business that the corporation is into. Such an intelligent amalgamation results in quick processes and efficient task and goal achievement, which then helps the organization in gaining competitive advantage and the higher profit which is the ultimate goal of every company. References Books Maimon,...
5 Pages(1250 words)Essay

Data, information, and Organizational knowledge

...of the transaction process that is collection, storage, modification and retrieval. The second type of IS is decision support system which are generally computer based systems and subsystems intended to help decision makers use communications technologies, data, documents, knowledge and/or models to complete decision process tasks. . In most situation, it may be aimed at business executives or knowledge worker. The third type of IS is EIS (Executive Information System) that facilitates and supports overall management of an organization information and decision-making needs. This...
2 Pages(500 words)Essay

The marketing information system (MIS)

...the challenges that majority of company managers go through as a result of wrong information in a right location and period or when there is lack of adequate/right information on the subject of a distinctive date and location (Kotler, et al, 2006, p. 36). Furthermore, marketing information systems aid marketing managers in making their decision through every connection flanked by manufacturing divisions and departments. For instance, (in the internal data, MIS method of developing marketing information), the sales team can collect information about...
7 Pages(1750 words)Essay

Critically discuss the reasons why organisations outsource IT

... and negotiating theory provision with the vendor. Key areas where the CIO is required to play an active role are contract management, architecture planning and evaluating emerging technologies which can provide competitive advantage to the organization. Benkel, Andrews and Tibbets (2012) state that organizations outsourcing their IT function should ensure that their service level agreements (SLAs) contain room for flexibility and innovation over time. Often firms find themselves locked into rigid contractual terms despite the ability of the service provider to provide innovative services. This is why the importance of the negotiation phase should not be underestimated and vendor management professionals should prepare well... at their...
20 Pages(5000 words)Essay

Marketing information system (MIS)

...of information, necessitating an MIS. The revolution of information also necessitates the presence of a Marketing Information System (Esad, 2013 p. 62). The problem; however, lies in the management of this information and therefore, following the evolution of computers, it becomes quick and inexpensive for an organization to run large amounts of data, thus the need for an MIS. The above information proves just how vital a Marketing Information System is. For proper decision making as well an accurate observance of...
4 Pages(1000 words)Essay
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.

Let us find you another Essay on topic Explain how the MIS ( Management Information System) function area can leverage , information, data and knowledge in terms of competitive advantage for FREE!

Contact Us